Reducing Costs With Creative Small Business Medical Insurance Solutions

Most employers recognize that an attractive small business medical insurance package promotes loyalty as well as generates better productivity amongst the company’s employees. On the other hand, it also can easily be one of the most expensive costs an employer has to consider. Like most businesses in our tough economy, you are probably looking at ways to cut benefit premiums, pronto.

Creative Insurance Alternatives

As premiums continue to increase, insurance carriers are offering more creative benefit solutions. The strategy is to offer valuable benefit coverages, with premiums affordable to average income earners.

Some insurance carriers have experienced increased growth in their alternative health plans, such as a High Deductible Health Plans (HDHP) compatible with a Health Savings Account (HSA). An HDHP plan allows for participants to have the richness of a traditional PPO plan, with lower premiums. Participants are more cognizant of the cost of their care; in part due to the plan’s higher deductible and also the ability of participants to retain any unused portion of the employer/ employee contribution from their HSA to use for future medical needs. Furthermore, many participants under this plan take a more proactive approach when it comes to their health. They are more likely to maintain a healthier lifestyle, seek generic alternatives to brand pharmaceuticals and visit urgent care facilities linked to their plan, lowering their healthcare costs to preserve assets in their HSA.

This creative insurance alternative not only benefits the overall health of employees, but also helps mitigate renewal increases to employers, as many HDHP plans tend to see a decrease in utilization. As a result, these lower costs allow employers to reward employees participating in the plan (some HDHP plans cost less than a HMO coverage) by increasing their employer contribution towards an HSA account.

What is an HSA?

An HSA, or Health Savings Account, is medical savings account wherein the funds contributed to the account are not subject to federal income tax at the time of deposit. Unlike a flexible spending account (FSA), funds roll over and accumulate year over year if not spent. HSAs are owned by the individual. The amounts put into an HSA are not only federally taxed exempt (HSA’s in California are NOT tax exempt), but employees are also able to take the money with them when they leave their current employer.

This all may sound a bit complicated, but it is not as bad as it seems. The point is that there is a world of options for small business medical insurance plans, beyond the traditional HMO and PPO plans that most employers offer. If you are looking to reduce your benefit costs, consider alternative options and you may be surprised what you find!

The Secret to Making Your Offer, Get Accepted Pronto

The primary reason for people to refuse or think twice about accepting an offer is that they do not always know what they want. It is but normal to aim for the best offer possible but with all the array of choices and elaborate marketing and advertising schemes that are being bombarded to consumers it is hard to zero in on the one best deal that fit perfectly to what a buyer is looking for.

The moment you found the closest property that corresponds to your needs and meets your expectation, be decisive and firm to make an offer. The act of offering to put down a deposit is a very strong manifestation of good faith. As a result, it boosts up the chances of your offer to be accepted.

Do not be hesitant to work with a real estate agent. One major part of this is to find the best and trustworthy agent to collaborate with you in the first place. It is your job to investigate the records and history of people you will be dealing with so that you are well aware where you stand. There are a lot of budding scams or inferior business dealing of this nature nowadays so it always pays to be vigilant in your enterprise.

Make sure to use strong and clear terms when making a draft of your offer. Ambiguity would often result to a misunderstanding between you and your clients. It would eventually lead to a deal when both parties are not satisfied with the outcomes so be clear with the terms and conditions that you want to establish. However, do not make this as a reason for you to slip into the typical humdrum offer. This creates a dull effect on your prospects and therefore passes your offer as average.

There are hundreds of competitions everywhere so the best chance you have of standing out is having the ability to make the most enticing impression among the rest. Be creative enough to come up with strong and appealing terms and a likable manner of how you state what you want to make your offer standout and irresistible.

Never go for hard sell. That is to say, be considerate to what the other party wants while making sure you do not compromise your side of the bargain. Remember that your relationship with the people you are working with is the fuel that keeps your business alive and is most often the helm that determines the kind of deal you will be getting. People never like to feel that they are being taken advantage of. We all want to have our concerns and desires aired out and listened to so be sensitive to pay attention even to minute details.

Do not hesitate to build rapport because this establishes an open communication for both parties. Sellers and buyers would feel at ease and comfortable to establish the rules of an offer and finally settle for the deal if there is an amicable relationship among them.

Turning Knowledge Into Home Business Results

Just the Facts Please

Running a quick Google search will confirm the existence of a vast array of resources for the home business owner. Books, CD’s, training courses, coaching programs, seminars, and conferences provide information from “How to Start a Home Business” to “Building the Best Home Based Business”, all designed to assist you to achieve business success. These tools have their place. Business building is a challenging proposition and it makes sense to listen and learn from people with a proven track record. However, the most important business resource available is often overlooked in the rush for answers. Here’s a question for you: Does attending 5 seminars instead of 2 increase your chances for business success? How about this one – Does signing up for 3 gym memberships mean that you will achieve peak fitness? Of course the answer to both of these questions is ‘No’. While a gym membership may be a useful tool for accomplishing your fitness goals, the real key to becoming fit is to develop an intelligent fitness routine and then follow it consistently. Similarly, the real key to creating the best home business lies in putting together an effective plan and then taking action to make it happen – it’s really that simple.

Knowledge, Knowledge Everywhere

While the abundance of business related training resources provides access to a wealth of useful information, many entrepreneurs discover this is a two-edged sword. On the one hand, increasing your knowledge of business development strategies and tactics can help you to avoid mistakes and make good decisions right from the start. But, on the other hand, stuffing your mind with gobs of information can create information overload – some would use the phrase “drinking from a firehose” to describe this experience. Information overload can cause an otherwise intelligent and capable person to either become overactive and spread themselves way too thin to be effective, or to simply stop taking any action all – paralysis by analysis.

It’s All In Your Mind

So, how does the motivated home business owner learn how to take advantage of great information resources without getting overwhelmed with data? Let’s return to the subject of fitness for a moment. We have already established that just having gym memberships will not produce a beach body – the ingredients needed to accomplish your fitness goals are an intelligent plan and consistent action based on that plan. We have also identified the key to development of your successful home business lies in putting together an effective business plan and taking appropriate action based on that plan. Well, there is one more critical piece of the puzzle that needs to be in place to bring all of this to life in your business. And that critical ingredient is (drumroll here): your mindset. Yes, The final determinant of business success lies right there between your ears – not in ANY training, information resource, or coaching. While these resources can add value to your business, the workshop of your own mind is where all of that great knowledge is processed and converted into a plan that works for you.

Gimme 3 Steps…

So, let’s put this most important of business assets to work for you Pronto, and here’s how:

First, get a picture in your mind of what your lifestyle will look like when your successful business is in place. Seriously. Get that picture in your mind right now, it will serve as an anchor to keep you on track without being derailed by information overload.

The next step is to identify the top 3 actions you need to take today to move yourself toward that picture. Write these actions down on a piece of paper and keep it with you all day. This exercise will help you to stay grounded on the important tasks you need to take right now to make progress toward your desired future.

The final step is to keep these goals ‘top of mind’ throughout your day. If you find yourself becoming distracted and spending unfocused time on non-essential activities like web surfing, email, TV, movies, or even getting wrapped up in business training that does not contribute directly to completion of one of your 3 daily tasks, immediately recall that picture you created in the first step, review your tasks for the day and TAKE ACTION on whatever you have not yet completed.

Repeat this 3 step process daily and you will be amazed at how quickly your results will multiply!