Today, more than 2.7 million U.S. small businesses do not offer traditional health insurance coverage. The primary reasons they don’t? Cost. Yet, most established small businesses want to offer health benefits to recruit and retain quality employees. Which is why many small businesses are looking to nontraditional approaches to health benefits.
Most dental practices know the importance of online patient feedback, but in an increasingly online world, employees, not just patients, are hitting the web to communicate what they like and don’t like about your practice. This means new candidates are reading online what it is like to work for your practice, and whether you know it or not, it’s impacting your recruiting strategies.
If you’re one of the 2.7 million U.S. small businesses who doesn’t offer health insurance, here’s something you’ve likely heard from employees: “We have to buy health insurance now. Can the company help us pay for it?” Whether employees have asked directly, or you’ve overheard conversations at the water cooler, you know employees would appreciate help paying for health insurance.
Health Reimbursement Arrangements, also called Health Reimbursement Accounts or HRAs, are a type of health plan used by employers to reimburse employees’ medical expenses. HRAs are both similar, and different, to other popular medical reimbursement plans such as Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). In this article, we’ll cover what an HRA is and how an HRA works.
Your small business doesn’t offer health insurance, but you’d like to help employees with the coverage they’ve purchased on their own. In this FAQ article, we’ll answer a common small business question, “Can we use a Health Savings Account (HSA) to reimburse employees for their health insurance?”
For most small businesses, traditional group health insurance is out of reach. But, that doesn’t mean health benefits are not attainable. As an alternative, small businesses are adopting employee health benefit allowances to help with the cost of employees’ personal health insurance.
It’s a common small business challenge - you want to help employees with the cost of healthcare, but traditional job-based health insurance is not in the cards. If this sounds familiar, your business has likely asked, “Can we give employees money for health insurance?”
The IRS recently announced the Health Savings Account (HSA) rules and requirements for 2016. This article reviews the HSA contribution limits, HDHP minimum required deductibles, and out-of-pocket maximums for 2016, as set annually by the Internal Revenue Service (IRS).
While the Great Recession seems like a thing of the past, small business owners are still recovering. And while optimism is growing, owners say top small business challenges for 2015 are financial security, recruiting quality employees, offering the benefits employees want, and creating a competitive edge.
Large insurance company Assurant is calling it quits on the health insurance market due to declining revenues. The company’s health insurance division, Assurant Health, is up for sale. Regardless if a buyer is found, Assurant plans to exit the health insurance business by 2016.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.