Houston, Texas (PRWEB) October 19, 2012
The Small Business Health Insurance Association was created in order to join multiple small businesses of all sizes, as well as sole proprietors, in order to secure that negotiating power with the insurance companies to obtain the best possible insurance rates and coverage by having a larger group insured under one group plan and one group rate.
Due to the Healthcare Reform Act, regardless of which candidate wins the Presidential election in November, changes have been set in motion in the insurance and healthcare industries that will forever change the way all Americans are covered. President Obama will likely stay on track with the Healthcare Reform Act as it is. However, even Mitt Romney has stated that he would not change everything in the Act. It is in the best interests of small businesses, who have the largest percentage of revenue at stake in these changes, to band together for collective savings.
According to the U.S. Health & Human Services website, "Having health insurance is valuable for a number of reasons. People who are insured are protected against uncertain and high medical expenses and are more likely to receive needed and appropriate health care. In addition, having health insurance is associated with improved health outcomes and lower mortality, so employees with health insurance are more likely to be productive workers." Therefore, it is not in the best interest for small businesses to lay-off workers in order to have a total under 50 to avoid being subject to the federal mandates in the Act. This would add stress to the remaining workers, causing a loss of employees due to both resignation and illness. Joining into one larger group is the most favorable option for the employers and employees.
Membership and coverage are being offered nation-wide. This coverage is not in place yet, as membership numbers are needed to gain the desired number advantage and due to the impending changes that insurers will be putting into place as a direct result of the Healthcare Reform Act and the new regulations they will have to follow. However, it is planned that open enrollment for all will occur no later than October 2013 in order to be in effect on January 1, 2014.
In addition to medical benefits, the Association intends to provide options for discounted dental and vision coverage. As membership expands, additional discounted services and benefits will be added to give small businesses optimal benefits and services, such as discounts on office supplies and courier services. For more information, go to http://www.sbhia.com.