The lack of portability, rising prices, and existing options are all contributing to the mass abandonment of traditional group medical health insurance. Individual medical health insurance with premium reimbursement or personal exchanges paired with individual medical health insurance are the way forward for small business medical health insurance — and are the best options for all small companies. Purchasing a standard personal small group health insurance plan can be an choice for small companies. Small companies could discover more choices and carriers to select from on the non-public market as in comparison with the SHOP, where some states solely have one or two plans to choose from.
But it is nowhere clear that this unitization would pass muster underneath 403(b), as the unit of the pool wouldn’t be an 81-a hundred pool, it would not be a mutual fund and it might not be an curiosity in an insurance coverage … Read More