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Traditional insurance plans are built with a business model around a loss ratio of premiums paid over claims paid out. The insurer builds this into the plan to guarantee a healthy profit margin is maintained for their business. If the cost of claims paid out through the plan increases so will the premium upon renewal to make up for the calculated loss of paid claims. To know more visit here https://www.capbluecross.com/wps/portal/cap/employer/shop-group-plans
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Things You Don’t Know About Health Insurance for Small Business In the world of , there is no shortage of complexity and skewed details that leaves you without the proper tools to decipher your best options. Health Insurance for Small Business Owners The premiums of many policyholders pay the claims of the few who suffer a claim. Here are the things you don’t know about health insurance for small businesses:- What to insure and what not to insure How stop-loss applies to your coverage How to plan utilization drives up the premiums You will end up paying a mark-up on your health and dental expenses