Health insurance costs will hit smalls hard...15%-20% increases in '00, similar annual jumps through '04. Steeper hikes for companies with chronically ill workers. Their bills will rise 20% to 30% a year.
To limit increases, small firms should check out the following:
Buy coverage over the Internet. Saves by eliminating middleman. More insurance companies are setting up electronic shops, eager to deal. Some compete on sites such as www.healthinsurance.com and bizbuyer.com.
Join an insurance alliance with similar companies. Helpful tips on purchasing pools and other information available at www.ihps.org.
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