Is there a way to make yourself and your husband a company so that you can obtain group health insurance?

Question

I clean and maintain investment properties as a job and sometimes my husband helps me with repairs, etc. Can we form a company and get health insurance at group rates? How do you do that? Thanks for any help!

Answer 1

You don't want group rates.

Federal law mandates that employer sponsored health insurance is guaranteed issue. In other words you can not be denied coverage no matter what your health status. See link to regulation below.

Individual insurance, however, is subject to underwriting in all but 5 states. So, if you are healthy and qualify for individual insurance you can save money, and pick a plan that suites your needs.

To answer your question though, yes. Most states have mandated plans for business groups of 1. You should to contact a local agent for assistance with the paperwork.

Hope this helps.

Don

Answer 2

Probably best to do some homework about your confusing area.Here is a great start point.http://health-insurance.expert-tip.info/...

Answer 3

Sure you can!  But "group rates" are HIGHER than individual rates!!  

You talk to a lawyer, and incorporate.  In many states, there must be at least three people, to be in the group.  In all, the employees must work for the company, at least 20 hours a week, and you'll have to show the payroll records.  

For small groups with less than ten people, the policies are STILL underwritten per the people's health.  SO, if you guys are 30 and healthy, the premiums should run you around $800 a month for a low deductible plan, for just the two of you.  If you're not healthy, conditions will either be excluded, rated much higher, or your application will be denied.

The reason "group rates" through your employer seem to be such a good deal, is because your employer is usually paying half of it, or even more.

Answer 4

You can't get group insurance, he's not your full time employee, and either way you would still have to pay. It would be better to just take out a policy that covers the both of you. If you contact me @ [e-mail], I'll ask you  a few questions, and give you a quote in a matter of minutes

Answer 5

You'd pay A LOT per month to have it.And if you dont already claim your job as income you'd have to.

I think even people who mow lawns for a living can get Ins...its just expensive!

Answer 6

It's actually in your best interest not to pursue a group policy because they tend to actually cost more than that of a individual policy. The way that a group policy would be more effective is in a situation where someone has some pre-existing condition that prevents them from obtaining an individual policy.

Have you spoken with a local agent on what options you have available? A good agent will be able to go over your situation and find options to help get you the best coverage for your needs and hopefully within a decent price range that you can afford.

I know I couldn't afford the rates I was being given when I initially looked into a policy as I am self-employed also, so I decided to risk it and go without and hope that I continued to stay out of the doctors office and have no accidents. I also found Ameriplan just over 2 years ago which helped ease the burden a great deal and got me some really great savings, as well as a bit of relief in that if I ended up in the hospital I would at least not be completely financially shot. You can take a look at the plans at http://www.mybenefitsplus.com/cberney

It may or may not be something that will work with your situation but it doesn't hurt to look. And it can also be used along with traditional insurance should you find what works for you.

Many people who are relatively healthy and don't expect much in terms of doctors visits, etc. can opt for a high deductible or catastrophic coverage type plan which will keep their monthly fees lower and yet still be in place should something major happen. This is when you can use the Ameriplan savings to cut your out of pocket expenses throughout the year for any check-ups needed beings that you won't be getting any help from insurance until you meet the deductible which can be $5000 or more even.

I hope this will be able to help you out a bit more and that you find something that will work just right for you & your husband.

Good Luck!

Answer 7

Why would you want to go through the effort to pay twice the cost?....

Obviously you're under the same impression that many others are.  FYI indiviudal coverage is about half the cost of group since groups' underwriting is either non-existent or very lax.  Individual coverage is tougher to get and therefore it's cheaper.

Anyway, just get an individual policy.  It's cheaper than group.

Jeff

Answer 8

You can create a business model, but this would only allow you to slide the money out of a different pocket for insurance. The cost would be relatively the same.  Most companies wont even start groups with less than 8-10 people and you are still paying almost full price.  The more people the lower the cost.  You have a great idea but I don't think it will work out the way you want.  Good Luck