5 tips to prepare small businesses for last-minute ACA enrollments
February 4, 2015 12:29 PM
Overview:
With less than two weeks until the end of the Affordable Care Acts Feb. 15 open enrollment period, the National Association for the Self-Employed offers these five tips to help prepare small business owners and their employees for purchasing health insurance.
[Image: Fotolia]
[Image: Fotolia]
1. Do a full assessment of your current health care needs
Being able to assess what is important to you and your families will make it easier to sift through the plan options in the exchange. Do you require specialists for a known health ailment? What are your current prescription drug needs?
[Image: Fotolia]
[Image: Fotolia]
2. Have your 2013 tax filing information ready and available
Your 2013 tax filing will be important in order to gauge what, if any, health care subsidies you may be available to take advantage of in 2015.
[Image: Fotolia]
[Image: Fotolia]
3. Make a full list of your current doctors
Youll want to ensure that your doctors are considered in network for any of the potential plans you are considering selecting.
[Image: Fotolia]
[Image: Fotolia]
4. For those already enrolled previously in the exchange, do you need to increase or decrease coverage?
Having the right health care plan that best fits your individual needs is essential, says NASE. Paying for an oversized plan that provides many bells and whistles you havent utilized in the past and will be unlikely to use in the future may be a good place to start cutting costs.
[Image: Fotolia]
[Image: Fotolia]
5. Establish a realistic business budget that includes calculating health care costs
Any good business owner knows to prepare a budget that helps provide planning and stability down the road, says NASE. As you prepare for the open enrollment, have an idea of what your budget is for health care costs in 2015 and whats a realistic amount for you to spend on coverage for you and your family.
[Image: Fotolia]
[Image: Fotolia]
