There is insurance -maladie your business renewal time, and your boss has just entered your office with an increase in turnover of 20 percent. Now is your research on how to get the cost of health benefits under control again. Here's something you might not know - costs and employee medical Obamacare could drive up the cost of your insurance small business health . The good news? There is something you can do about it. 
This article is an excerpt from our free resource, "10 Budget Traps health benefits of small businesses." To download the complete resource here.
major medical claims can be Climbs Your Health Benefits Cost
If you are a medium-sized or large company, you know health insurance companies can increase the cost of your diet group health insurance premium based on medical claims last year?
This means that when an employee has an expensive medical procedure, hospital stay, or chronic disease you will probably see higher premium increases next year.
Now, if you have fewer than 50 employees, the Affordable Care Act (aka Obamacare) limit how much they can increase contribution rates directly based on your medical expenses.
This is called "community rating" and in 2014, the health insurance contribution rates in the individual and small group markets (<50 employees) are not allowed to vary according to family size, geography, smoking, and age. Other rating factors previously used, such as gender, industry, group size, health status and medical history are now prohibited.
This seems to be a good thing, but not if you have a healthy labor. Following these changes, a large number of small businesses see increased premiums substantial than in previous regulations.
New Obamacare rules may increase costs, as
In addition to the way health insurance companies are allowed to charge you for health insurance, there are other rules that Obamacare may be doing your costs, too.
To finance some changes and Obamacare mandated programs, several new taxes and fees have an impact on premiums and rates have a direct impact. Consequently, small health plans fully insured groups see new fees added to their healthcare reform premiums.
The cost impact employers differently depending on the location and design of the plan. On average, however, the Centers for Medicare and Medicaid Services (CMS) estimates 65 percent of small businesses (11 million people) will see higher premiums directly because of Obamacare.
Related: FAQ - How are the health plans of Small Group Impacted by ACA
Take control of your health benefits budget
do not let your budget for health services in the hands of unpredictable medical claims and new changes Obamacare. Take the employee by switching control to the individual health insurance.
With individual health insurance, the cost of health benefits can not change because of medical claims and it is portable, safe health insurance coverage for employees . Furthermore, your small business can continue to contribute with a repayment premium contribution, the cost is 100 percent you.
Conclusion
When you have increases of unpredictable costs, year after year, the budget for health benefits is difficult -. if not impossible
your small business can take control of your health benefits budget by opting for individual health insurance and a premium payment plan. With this model of your company's health benefits can :.
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Set the amount of contribution to employee health (there is no minimum contribution)
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Change your budget only on your terms.
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Reliably Budget short-term health benefits and long term
Related :. Take control of health insurance for small businesses to know your options
Do you have questions about how the medical costs can lead to health benefits or how to take control of your budget for health benefits? Leave a comment and join the discussion.
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