What type of California health insurance plan works with Family business?
Try to go with the lowest cost, comprehensive plan. You are buying coverage for yourself so the premium savings with such a plan will usually outweigh higher deductibles, etc. If you are offering employees coverage, this may not work as well. Employees view health plans as a fringe type of benefit. If you offer high deductible plans, it may not be well received depending on the type of industry you are in. If your employees are frustrated with their out-of-pocket expenses with such a plan, you are paying for a benefit with no tangible benefit to retaining or attracting good employees. The big difference is that purchasing health insurance benefits for employees is viewed as “carrot” as opposed to health insurance for you and your family. Employee Elect with Anthem Blue Cross has allowed the best of both worlds in that they employer determine a fixed contribution (either dollar amount or percentage of a given plan) and then allows the employees to pick and choose from any of the plans.
