{"id":972,"date":"2016-11-18T22:36:38","date_gmt":"2016-11-18T22:36:38","guid":{"rendered":"http:\/\/blog.simplyinsured.com\/?page_id=972"},"modified":"2016-11-18T22:36:38","modified_gmt":"2016-11-18T22:36:38","slug":"save-your-startup-85-percent-on-health-insurance-in-2014","status":"publish","type":"page","link":"https:\/\/www.simplyinsured.com\/advice\/save-your-startup-85-percent-on-health-insurance-in-2014","title":{"rendered":"Save Your Startup 85% On Health Insurance in 2014"},"content":{"rendered":"

Health insurance under the Affordable Care Act is finally here. But there is good news!\u00a0SimplyInsured\u2019s guide to 2014 could save your startup 30-85% on your health care costs.<\/strong><\/p>\n

How to Maximize Your Health Insurance Discount<\/h2>\n

\"2014<\/a><\/p>\n

OUR ADVICE:<\/h5>\n
    \n
  1. If your company\u2019s average employee salary is over $50K OR employ more than 25 FTEs\u00a0\u00a0\u2013<\/strong>\u00a0Purchase a group plan here\u00a0www.simplyinsured.com<\/a><\/li>\n
  2. If your company\u2019s average employee age is over 50\u00a0\u2013<\/strong>\u00a0Purchase a subsidized individual plan\u00a0by calling SimplyInsured (888.584.9220)<\/li>\n
  3. If your company has fewer than 10 employees \u2013 <\/strong>Purchase a tax-credit eligible group plan from\u00a0www.simplyinsured.com<\/a><\/li>\n
  4. All other companies\u00a0\u2013 <\/strong>Call SimplyInsured (888.584.9220) to help navigate your options<\/li>\n<\/ol>\n

    <\/h2>\n

    Analyzing Tax-Credits and Subsidies: Potential 30-85% Discount on Health Insurance<\/h2>\n

    SimplyInsured\u2019s analysis of health insurance 2014 shows selecting the appropriate plan could\u00a0reduce health insurance premiums by 30-85%. <\/strong>The following chart show the appropriate plan decision based on average age and salary of your employees:<\/p>\n

    \"Small<\/a><\/p>\n

    CONCLUSIONS ON MAXIMIZING DISCOUNTS:<\/h5>\n
      \n
    • Businesses with average salaries over $50K\/year or more than 25 employees should purchase a group plan\u00a0<\/strong>\u2013 to achieve a 30% tax deduction<\/li>\n<\/ul>\n
        \n
      • Businesses with employees over 50 should purchase subsidized individual plans<\/strong> \u2013 to achieve a 50-85% discount for employees over 50<\/li>\n<\/ul>\n
          \n
        • Businesses with employees under 40 and average salaries over $30K\/year should purchase a tax credit eligible group plan \u2013<\/strong>\u00a0to achieve a 30-65% discount through tax credits and deductions<\/li>\n<\/ul>\n

          The What Are the Health Insurance Plans and Discounts Available to My Startup?<\/h2>\n

          As a reference guide, startups can choose from three types of health insurance plans:<\/p>\n

          1. Group Health Insurance Plan<\/strong><\/p>\n

            \n
          • Discounts<\/strong>: Premiums paid by the company are tax deductible, saving most companies 30-35% (depending on tax rate)<\/li>\n
          • Eligibility<\/strong>: Any small business with 2 or more employees are eligible<\/li>\n
          • Key Benefits<\/strong>: Wide selection of carriers and plan types<\/li>\n<\/ul>\n

            2. Tax Credit-Eligible Group Health Insurance Plan<\/strong><\/p>\n

              \n
            • Discounts<\/strong>: Companies can get up to 50% in tax credit for the premium paid as well as a tax deduction<\/li>\n
            • Eligibility<\/strong>:\u00a0Businesses with fewer than 25 FTEs and average annual salaries under $50K are eligible<\/li>\n
            • Key Benefits<\/strong>: Employees can choose from between different carriers and coverage levels<\/li>\n<\/ul>\n

              3. Subsidized Individual Health Insurance Plan<\/strong><\/p>\n

                \n
              • Discounts<\/strong>:\u00a0Individuals who earn less than $46K\/year are eligible for a subsidized individual plan<\/li>\n
              • Eligibility<\/strong>:\u00a0The subsidy reduces premiums by 20-85%, depending on age and income<\/li>\n
              • Key Benefits<\/strong>: No administrative management required<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                Health insurance under the Affordable Care Act is finally here. But there is good news!\u00a0SimplyInsured\u2019s guide to 2014 could save your startup 30-85% on your health care costs. How to Maximize Your Health Insurance Discount OUR ADVICE: If your company\u2019s average employee salary is over $50K OR employ more than 25 FTEs\u00a0\u00a0\u2013\u00a0Purchase a group plan…<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"yoast_head":"\nSave Your Startup 85% On Health Insurance in 2014 - Advice Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.simplyinsured.com\/advice\/save-your-startup-85-percent-on-health-insurance-in-2014\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Save Your Startup 85% On Health Insurance in 2014\" \/>\n<meta property=\"og:description\" content=\"Health insurance under the Affordable Care Act is finally here. 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