under the health reform law a small business health insurance exchange has been set up where you can shop for insurance if you wish to provide coverage for your employees. in texas you would access that through healthcare. gov. small firms in which workers have lower incomes can qualify for tax subsidies to help cover the cost. as a point of clarification plans sold both on and outside of the marketplace are sold by private insurers but to take advantage of tax credits you need to buy insurance through the marketplace. if you're not already offering insurance and your employees have household incomes that would allow them to qualify for subsidies (about $46k for an individual and $94 for a family of four) they may actually get insurance at a lower cost by going it alone and buying individual rather than small business coverage through the federal marketplace. there's no simple answer to your question unfortunately. you may want to enlist the help of an insurance agent in your area who can help walk you through the various options before you and decide which direction will do your employees the greatest service. to find an agent in your area you can search on nahu. org.
which one would be cheaper? private insurance plan or marketplace insurance plan. please advice me. i have a small business with 6 employees in texas. what are the options in marketplace insurance plans for small businesses. can i buy group insurance plans. which one would be cheaper? private insurance plan or marketplace insurance plan. please advice me.