Business Owners - Health Insurance Help?

[OregonSteeler]

For those who own their own business, I'd love to hear how to possibly save money on health insurance. Here is our situation:

My wife and I each have our own separate small businesses. We have two children (13yrs & 16yrs). We currently have Kaiser Pemanente and already pay roughly $1k per month. Next year we are looking at a monthly expense of $1600/mo and with the shittiest coverage possible ($9200 individual and $18500 family deductible).

We are both healthy adults and kids are also. We do use our health coverage, but not nearly to the amount that we are paying. Going without coverage is just too risky and not an option.

Does anyone have any ideas of how to find/get reasonable health coverage? Looking at our annual payment of nearly $20k next year for bare-bones coverage is just ridiculous!

 

[alaska_bou]

I own a business, and in my state I am not required to offer health insurance. My employees all have insurance through their spouses, so I chose to pay higher wages rather than higher benefits. For my own family, we are dumping insurance and going with a health sharing company, but these also have risks to consider with the much lower cost.

 

[Yellowknife]

Only tip I have is to try and get it through a state or national industry association if you are in an industry that has that type of thing. We get ours through a contractors association for a slight break.

That said, it won't help much. It's brutal. I'm way over $20k for my family this year. In the last two years we are up 25% and the increases never stop. Employees expect it (I can't recruit without that as a benefit), but I can't raise rates fast enough to cover the increases.

If somebody has an idea, I'm all ears as well. .