Kaely Christensen - Unlocking Health Insurance & Employee Benefits: A Guide for Home Service Business Owners

05/29/24 • 64 min

Kaylee Christensen, a health insurance broker, joins Branden Sewell on the Off the Ladder podcast to discuss the challenges of offering health insurance to employees in small businesses. They explore the complexities of the health insurance system, including the impact of the Affordable Care Act, pre-existing conditions, and rising costs. Kaylee provides tips for small business owners on understanding when they are ready to offer health insurance, such as getting quotes, conducting employee surveys, and exploring alternative options like captive plans. They also discuss the need for reform in the health insurance industry to make it more affordable for small businesses. The conversation explores the challenges of offering health insurance for small businesses and provides insights and resources for navigating the complex healthcare system. It discusses the impact of the Affordable Care Act on small employers and the limitations they face in negotiating rates. The conversation also highlights alternative options such as level funding and the importance of understanding cash prices for medical services. It emphasizes the need for small business owners to find a broker who will listen to their needs and help them make informed decisions about offering benefits.
Takeaways

The health insurance system is complex and challenging, especially for small businesses.
Getting quotes and conducting employee surveys can help small business owners understand the cost and feasibility of offering health insurance.
Alternative options like captive plans and supplemental coverage can be considered for smaller businesses.
Reform is needed in the health insurance industry to make it more affordable and accessible for small businesses. The Affordable Care Act penalized small employers and limited their ability to negotiate rates.
Level funding is a middle ground between self-funded and fully funded plans that can be beneficial for small businesses.
Understanding cash prices for medical services can help save money.
Finding a broker who will listen and provide guidance is crucial for small business owners.
Resources like Health Rosetta, The CEO's Guide to Restoring the American Dream, Never Pay the First Bill, and Dollar4 can provide valuable information and assistance.

Chapters

00:00
Introduction and Purpose of the Conversation

03:47
Background and Services Offered by Harbor Financial Group

16:15
Tips for Small Business Owners on Offering Health In

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The health insurance system is complex and challenging, especially for small businesses.
Getting quotes and conducting employee surveys can help small business owners understand the cost and feasibility of offering health insurance.
Alternative options like captive plans and supplemental coverage can be considered for smaller businesses.
Reform is needed in the health insurance industry to make it more affordable and accessible for small businesses. The Affordable Care Act penalized small employers and limited their ability to negotiate rates.
Level funding is a middle ground between self-funded and fully funded plans that can be beneficial for small businesses.
Understanding cash prices for medical services can help save money.
Finding a broker who will listen and provide guidance is crucial for small business owners.
Resources like Health Rosetta, The CEO's Guide to Restoring the American Dream, Never Pay the First Bill, and Dollar4 can provide valuable information and assistance.

Chapters

00:00
Introduction and Purpose of the Conversation

03:47
Background and Services Offered by Harbor Financial Group

16:15
Tips for Small Business Owners on Offering Health In

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Grow Your Business with Jobber
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Previous Episode

Phil Risher - Get More Leads and Fill Your Schedule with Phlash Consulting

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In this conversation, Branden Sewell interviews Phil Risher, owner of Flash Consulting, about strategies for home service business owners to grow their businesses and get off the ladder. They discuss the importance of visibility, conversions, and retargeting as key focus areas. Phil shares tips on improving visibility through search engine optimization and Google Local Service Ads. He also emphasizes the value of building business-to-business relationships and referral partnerships. Additionally, Phil highlights the significance of lead management and retargeting past customers and prospects. The conversation emphasizes the importance of taking action on these strategies to achieve business growth. In this conversation, Phil Risher and Branden Sewell discuss strategies for increasing visibility, converting leads, and retaining customers in the home service industry. They emphasize the importance of marketing tactics such as SEO, Google My Business, and social media advertising. They also discuss the value of building relationships with customers through personalized communication and follow-up. Other topics covered include leveraging neighborhood presence, sponsoring local events, and offering service contracts. The conversation concludes with a reminder that success requires determination and a willingness to find solutions rather than making excuses.
Takeaways

Visibility is crucial for home service businesses, and strategies like search engine optimization and Google Local Service Ads can significantly improve visibility.
Building business-to-business relationships and referral partnerships can provide a steady flow of leads and help fill scheduling gaps.
Effective lead management is essential for converting leads into customers, and automation tools can streamline the process.
Retargeting past customers and prospects in specific areas can help fill scheduling gaps and generate new business.
Taking action on these strategies is key to achieving business growth and getting off the ladder. Increase visibility through SEO, Google My Business, and social media advertising
Build relationships with customers through personalized communication and follow-up
Leverage neighborhood presence and sponsor local events to generate buzz and leads
Offer service contracts to retain customers and generate recurring business
Success requires determination and a willingness to find solutions rather than making excuses

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Next Episode

Gregory Weido - Personal Prosperity: The Key to Business Financial Success

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In this conversation, Brandon Sewell and Greg Weidow discuss the importance of personal and business finances for achieving financial freedom. They cover topics such as the emotional relationship with money, simplifying finance, creating capital efficiencies through funds and investments, socially conscious investing, and real estate syndicates. They also highlight common mistakes people make with their finances, the significance of starting early, and the power of compounding interest. They emphasize the need to pay yourself first, leverage your business to fund retirement, and change behaviors to achieve long-term financial goals. In this conversation, Branden Sewell and Gregory Weido discuss the importance of living beneath your means and making smart financial decisions. They emphasize the need to invest in yourself and your business, and to seek the guidance of a financial advisor. They also touch on the concept of philanthroinvesting and the potential for high returns in socially conscious investments. The conversation concludes with a reminder to choose your hard and take action towards financial independence.
Takeaways

Understanding personal and business finances is crucial for achieving financial freedom.
Simplifying finance and creating capital efficiencies can help navigate the cyclical nature of the economy and the market.
Starting early and leveraging time and compounding interest are key to building wealth.
Paying yourself first and investing consistently can lead to financial independence.
Leveraging your business to fund retirement through vehicles like 401(k)s and IRAs can provide options for the future.
Changing behaviors and making wise financial decisions can lead to long-term financial success. Living beneath your means is a key attribute of successful people with their personal money and personal finance.
Invest in yourself and your business to create financial independence.
Consider philanthroinvesting as a way to invest in areas that benefit the planet.
Start small and be consistent with your financial investments.
Choose your hard - it's hard to be financially independent, but it's also hard to be financially dependent.

Chapters

00:00
Introduction and Background

04:04
The Importance of Personal and Business Finances

09:36
Mistakes and Mindset in Personal and Business Finances

26:21
Leveraging Your Business to Fund Retirement

32:09
Changing Behaviors for Long-Term Fi

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Off the Ladder Contractor - Kaely Christensen - Unlocking Health Insurance & Employee Benefits: A Guide for Home Service Business Owners

Transcript

Branden Sewell (00:00.903)
Hi everybody, I am Brandon Sewell. I am the owner of Seal Pro Painting and now also Seal Pro Seal and Wash located in central Florida. I'm also the host of the Off the Ladder podcast where we exist to help home service business owners learn so that they can lead well and ultimately live life off of the ladder. Today's guest is Kaylee Christensen. She is a health insurance broker with Harbor Financial Group. Welcome to the show, Kaylee.
Kaely Christensen (00:31.