5 tips to prepare small businesses for last-minute ACA enrollments

Published February 4, 2015 12:29 PM

Updated February 11, 2015 11:06 AM

1 Min Read

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.

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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?

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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.

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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]

5 tips to prepare small businesses for last-minute ACA enrollments

Overview:

1. Do a full assessment of your current health care needs

2. Have your 2013 tax filing information ready and available

3. Make a full list of your current doctors

4. For those already enrolled previously in the exchange, do you need to increase or decrease coverage?

5. Establish a realistic business budget that includes calculating health care costs