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Small business health insurance options

Many people who run small businesses want to buy health insurance for themselves and/or offer it to employees, but struggle to find affordable coverage. Here are some helpful tips:

Do you run a small business or a one-person business?

• You can qualify as a “small group” and buy small group health insurance.
• You or your employees don’t have to answer questions about health status.
• If you're self-employed, you'll need to prove you qualify.
• Get a list of small group health plans in your area.

Small Business Health Care Tax Credit

As part of federal health care reform, small businesses may now qualify to receive the following tax credits for the cost of health insurance:

	Until 2014	Starting in 2014
For-profit businesses	Up to 35%	Up to 50%
Non-profit businesses	Up to 25%	Up to 35%

Many small business trade associations, such as the National Federation of Independent Business and the Small Business Majority, offer online calculators that help you find out if your business qualifies for a tax credit.

For more information on the small business health care tax credit, contact the Internal Revenue Service.

Find an insurance agent or broker in your area

• Look up licensed insurance agents, brokers, and companies

Check out insurance company rate increases and complaints

• Your money: Proposed health insurance rate hikes
  See if your health insurance company wants to raise your rates and why.
• Compare insurance company complaints

Updated 01/24/2012