Health Insurance For The Home Business Owner

Health Insurance For The Home Business Owner
By: John Fortner

When you make the decision to start a home based business, expansion is the last thing on your mind. As you begin to create your online venture, you will be focused on laying the foundation for your enterprise. Your most important commitment will be to researching, learning and implementing new ideas and concepts. Development and growth will be concerns for another time but, be prepared, because they will come.

As you provide the effort for creating your home business, it is a good idea to be familiar with the challenges that you will face when your goals are being reached. Awareness can prepare you for some of the concerns that come with a growing business.

Depending on the nature of your enterprise, the world of business requires a few things to begin. In general, one is the capital to get started. Two is a great product or service for your customers. Three is the right advertising to attract your target audience. Four is employees who are willing to help you get your company off the ground. Your initial efforts will be focused on one thru three but hiring additional help may come sooner than you expect. When that day arrives, finding committed employees in todays market can be very challenging.

Small and home business owners must be creative if they want to attract the best employees possible. No longer will competitive salaries be the only criteria for finding the best workers. With rising health care costs, few employees can afford to be without some form of company insurance. There is nothing in the law books saying that small business owners have to provide insurance. But in todays economy, this can be a very attractive benefit to possible employees. When your home based business begins to grow and expansion becomes part of your vocabulary, considering some form of health care for your workers is essential.

One of the best ways to attract employees that are dependable is by offering some form of group health insurance. Unfortunately, these rates are typically not the best for small or home businesses because they have fewer employees in the group plan when compared to larger companies. Still, it is a good incentive for attracting and keeping employees that will help your business develop and grow.

There are incentives that you can offer to your workers to make sure that your health insurance rates stay within reasonable amounts. This could include mandatory drug testing, and even a no-smoking policy. Becoming OSHA certified and providing on the job safety and health training can also help cut your health insurance costs.

Another way for a small or home business to cut health insurance expenditures is leasing their employees from a larger company. The workers would then become independent contractors and would be able to obtain health insurance benefits through the larger outsourcing company. Because these corporations have a large amount of employees in their contract, it provides the opportunity for the home business owner to find affordable group health insurance rates.

If these options for health insurance seem overwhelming and you feel your time would be better served focusing on other areas of your business, consider using an insurance broker. These brokers can help navigate through the health insurance jungle and help you discover the right plan for your home business. It is also a good idea to ask your employees which aspects of health insurance are most important to them. Inquire and see if your workers would rather pay higher premiums in exchange for lower deductibles or vice versa. This employee survey can put you in the right direction.

As you begin the journey for creating a successful home based business, health insurance costs for employees will not be on your list of priorities. You will be focused on choosing a product, marketing your goods and growing your business. But, it is important to be prepared for the challenges and changes that you will encounter along the road to your accomplishments. As your home business evolves, adding employees may be a decision you will have to make. Providing incentives for your future workers could mean the difference between success and failure when the possibility of expansion becomes a new goal for making money online.

He who would learn to fly one day must first learn to stand and walk and run and climb and dance; one cannot fly into flying.


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About the Author:
John Fortner lives in Oregon and works from his home through his online pursuits. He is the owner of Best-Income Opportunities which offers free information and proven opportunities for creating work at home businesses. To learn more about this topic please visit his website at: To receive free information for starting a home business please go to: