Which type of health insurance should I get?

Small business group coverage is a great option for insuring yourself and your employees, and is typically less expensive than buying individual coverage on your own. Costs depend on:

• The amount you pay toward employee premiums. Businesses typically cover at least 50% of the employees' monthly premiums, but this can vary
• The age of the people in your group and where you are located. Pre-existing conditions generally won't impact your premiums
• The type of plan you prefer. HMOs and PPOs are popular options

Do you want to spend less on monthly premiums? You may want a plan with higher deductibles and out-of-pocket costs. If you want a plan with lower out-of-pocket costs, consider a plan with higher monthly premiums.

Who you buy your plan from will not affect your costs, but comparison shopping can still save you money. The best plan isn't always the most affordable one, so consider how much coverage is right for your group when determining the ideal plan for you.