Despite the fact that health insurance is an important and very popular employee benefit, many small business owners have been canceling their group insurance policies. For some business owners, even the tax credits that are meant to help provide coverage to employees do not offset the price of group insurance enough. For other business owners,…
Can Employees Have Both A HRA & HSA?
Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs) are both great options for employees and employers who want to save money on group health insurance costs. Many employers and employees wonder if they can have both at the same time, and the answer is: yes! If you are willing to offer your employees both,…
Sole Proprietor Participation in HRAs
Employers who have trouble providing their employees with a traditional group health insurance plan sometimes turn to health reimbursement arrangements (HRAs) to help. HRAs are not health insurance, they are employer-funded accounts approved by the IRS that help employees pay for qualified out-of-pocket medical expenses. They can also help pay for their individual health insurance…
Effective Ways To Reduce Group Costs
One of the best ways to attract better employees is by offering group health insurance. Unfortunately, providing high quality health insurance usually means that your business is going to pay a lot for premiums. With premium prices soaring, many small businesses are struggling to continue offering group health insurance to their employees. In fact, according…
The Advantages of Group Insurance
Being a small business owner means being on a tight budget, so fitting in a group health insurance plan for your employees can seem a bit overwhelming. Offering group health insurance, though, is not something that you should overlook. If you do not offer a healthcare plan, you might find that it is more difficult…
Small Business Owners: Should You Offer More than One Type of Health Insurance Plan?
If you own a business that employs fewer than 50 people, then you are not required to offer your workforce group health insurance - but that doesn’t mean that you can’t, or that you shouldn’t. Many small business owners find that having healthier and happier employees is worth the cost and the administrative headaches of…
Small Business Group Health Insurance FAQ
Starting a small business is a great accomplishment! It takes a lot of hard work, and you probably have a to-do list a mile long. One very important thing on your list should be finding a great group health insurance plan. Offering health insurance to your employees leads to so many advantages for your business,…
Self-Employed? Here’s a Way to Get Group Health Insurance
Health insurance is expensive. And frustrating. Especially if you’re someone who is self-employed and does not have any employees. Until recently, if you were in this boat, then you were stuck getting insurance on the individual ACA marketplace, which could be very expensive if you didn’t qualify for any subsidies. But now, thanks to a…
Do You Qualify For The Small Business Health Care Tax Credit?
https://youtu.be/UmCe0ytrmao If you offer health insurance to your employees, it can be costly, but luckily there is a silver lining- the small business health care tax credit! One of the provisions of the Affordable Care Act, ACA, is the Small Employer Health Care Tax Credit which allows certain businesses to save money while offering health…
Are Employers Required To Offer Health Insurance?
Medical costs in the U.S. are high, which is why a lot of employees look for a job that offers health insurance. Over 88% of people consider health insurance benefits when choosing a job. For companies, providing group insurance to [caption id="attachment_4596" align="alignright" width="341"] There is no specific law that requires employers to provide health…
How to Understand Your Insurance Contract
Don’t get bogged down with your insurance contract. Read up on some useful advice for understanding what is in your policy.
QSERHA vs. Group Health, Whats Best For Your Company
QSERHA has its pros and cons, but is it really as good as group health insurance?
HSAs: What They Are, and Why You Should Be Using Them.
If you don’t know about HSAs, then you’re missing out on a great addition to your healthcare suite. Check out the guide we have to help you get started.
Employer Health VS Individual Plans: Which Should You Use
Both employer health and individual plans can be great on their own, but do you know the pros and cons of both? We go over them in detail so you can make the best decision for your coverage.
Is There Open Enrollment for Group Health Insurance?
For business owners, knowing open enrollment periods is mandatory. What happens if your employees have questions, or you need to make changes yourself?
ATTN Small Business Owners: 6 Reasons You Should Give Your Employees Insurance
https://youtu.be/GOMlt8CKyOQ Not convinced small business coverage is worth it? Find out why we think it is. 1. It’s Cake. As a business owner, your greatest currency is time. So the last thing you want is to waste that on looking for the right group plan. When you hire an agent, you hire a full-time tour…
Freelancers – You Need Coverage! Here’s Why.
Thinking about going freelance? One benefit is choosing your own type of insurance. Why get freelance commercial insurance? Because you work just as hard as anyone else.
Group Health Insurance: The Plans, the Importance, and the Agent
What Types of Insurance are Available and Why They Are Important You’re ready to take the next step into improving your business through group health insurance plans. You’ve got your employee’s benefits in mind, but also your company’s bottom line. Both are important. So, here are the different types of insurance plans available to your…