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A health insurance policy protects an individual in case of unexpected health problems. Most states make it mandatory for the citizens to have some form of health insurance cover. The insurance market in California has a myriad of health insurance companies providing health insurance plans to individuals belonging to all age groups. However, some insurance companies are quite apprehensive while extending health insurance coverage to self-employed individuals.

Many self-employed individuals often seek health insurance under their spouse?s company insurance plan. If the spouse of a self-employed individual is working for a company offering a group health insurance plan, the individual is automatically covered in the plan.

COBRA (Consolidated Omnibus Budget Reconciliation Act) is a very useful option for the initial period of self-employment. When an individual leaves a job, the employer is compelled by law to offer the individual the choice of retaining their membership in the health insurance (more...)

Most employers don t know they can employ strategies to manage their workers compensation experience mod factor. Most employers don t understand at least the fundamentals of experience rating. Is this you? Don t stick your head in the sand and hope it goes away because it s here to stay.

“Experience rating is a factor applied to the subject premium to reflect a risk s variation from the average risk within the same class code. (Mass WC Bureau)”. They have a great way of making this sound simple, huh? In short, it s just a factor that measures if your WC losses are better or worse than expected of an employer similar to you. A mod less than 1.0 is a credit mod and a mod above 1.0 is a debit mod. For obvious reasons, a credit mod is better than a debit mod.

The mod is calculated based on three years experience not including the most current year. Say your rating date and policy period are the same (almost all are), we ll use an anniversary date of 1/1/08. Your mod will be (more...)