Small Business Group Health Insurance – Small Business and Group Health Insurance?
Small Business Group Health Insurance
Small Business Group Health Insurance question by vero: Small Business and Group Health Insurance?
My Husband and I want to start a Small Rental Bussiness. It would be me and him and two workers, Can we get Group insurance. Also does it cover pre-exciting conditions. (that me I have scolisois) Also Can he still have his regular job. Is because we want to star off first and as we make money he can quit his job.
small business group health insurance best answer:
Answer by Doctor Deth
what do you mean can he still have is reg job ? Is he going to stop showing up at work or something?
every health plan is different regarding what it covers – Once hubby quits job, you can still have that coverage for up to 18 months (COBRA) – you will have to pay 102% of the premium cost though as opposed o probably 25% that you currently are thru his job.
having two employees besides you and husband right away can be very expensive – are you going to have medical coverage for your employees? you have to pay payroll and unemployment taxes as well as workmens comp insurance, liability insurance, etc. do you have enough cash/credit resources to buy all the stuff you want to be able to rent out , and pay all your bills for 6-12 months until (MAYBE) you start showing a profit? Have you created a business plan to plan your business will make money?
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