If you one of the many small business owners to health insurance research for yourself or 
your small business buzz, you may have heard of private health insurance. So to help you gain a better understanding of private health insurance for individuals and small businesses, here are its advantages and disadvantages.
What is private health insurance?
In this article, talking about private health insurance, we refer to private health insurance plans that are bought off the public health insurance markets . In this context, the private health insurance is also called Medicare "off-market".
Both groups and individual private health insurance plans can be purchased through a broker, a private exchange or by a company ' health insurance
Related:.? public vs private exchanges - What's the difference
pros and cons of private health insurance
What you are looking in a small group health plan for your business, or looking for an individual plan for yourself, the private health insurance is still available. How private health insurance to compare what is available on public procurement? Here is a look at the pros and cons
Benefits
Plan Options :. Depending on your region, you can find more private health insurance plan options and carriers compared to your state insurance market. This goes for small business owners looking for a small group plan and for people who are looking for their own plan
As for the insurance plans public health :. Did you know private health insurance plan is almost identical individuals purchase by the public exchange? In fact, the only difference between the two is that those who choose an individual or a private plan group do not have access to tax credits from the Affordable Care Act.
It is also important to note that private health plans are also required to comply with Affordable Care Act (ACA)
Cost :. Some private health insurance plans for individual and group plans are similar to the price in the public market and may even be lower depending on the chosen type of coverage. This is especially true in areas where there is more competition and the selection of the external front of the public market.
Alternative plans of the shop: In some cases, small business owners are not eligible for tax credits on the purchase of a plan on small business health options Program (store) exchanges. In this case, many small business owners are turning to private exchanges looking for a health plan in small groups for a larger selection.
Cons
No access to ACA tax credits: Although insurance plans private -maladie are similar to those of the common market, one of the biggest differences is that individuals are unable to use the premium tax credits
Why?
under the ACA, premium tax credits are only available to health plans purchased on public health insurance markets. Similarly for small businesses, tax credits for health care of small businesses are not available on the private market (unless there is no health plans available in the shop)
Related :. Charts Premium Tax Credit - 2015
Conclusion
of private health insurance plans are an alternative to insurance plans health purchased on public health insurance markets. As you consider private health insurance, remember these advantages and disadvantages of the purchase health insurance on the private market.
What questions do you have about insurance plans private health exchange? Comment below.
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