I have many Clients that are entrepreneurs. If your business is recognized via a tax-return of its own or shows up on your personal income taxes, and meets the criteria necessary for Wellmark to consider you as a small group, this is another opportunity to shop benefit plans and rates.
When I sit down with a Client that meets this definition, we have our current position and what that renewal is going to look like into 2017. We have an individual quote with several options and prices and we can also look at leaving the individual market (with its generally higher cost and renewals and stepping into the small business market. The plans and the benefits are similar with the networking opportunities for HSAs, deductibles and maximum out of pockets, but it may offer you a lower rate. It may offer you tax advantages (we offer no tax advice or recommendations, but your advisor may find value in this for you) as a pre-tax advantage. Because everybody’s situation is unique and different, the best way to learn more about this would be to call me for a free consultation.