Savvy small business owners have their ears to the ground about employee benefit trends and opportunities, and now is the time of year when predictions about 2015 are circulating. While no one has a crystal ball, many signs say the next big thing in health benefits is individual health insurance reimbursement. Here's why.
2014 has been a year full of health benefits headlines. As such, here are the top 25 employee health benefit articles that thousands of brokers, managers, small business owners, and human resources professionals were reading last year on our blog, Clarifying Health.
As an optometrist and owner of your own vision clinic, you work hard -- you’re dedicated and passionate about what you do and the people you serve. You have little to no time to waste and are always looking for ways to make your employees and patients happy. Having said that, group health insurance is taking up your time and money,and because of this, many vision clinics are switching to individual health insurance to cut down on costs and save time.
In the past, Health Reimbursement Arrangements (HRAs) were a popular vehicle used by small businesses to reimburse employees tax-free for individual health insurance premiums and out-of-pocket medical expenses. However, health reform brought sweeping changes to the health insurance industry, including how employers can use HRAs.
As a veterinarian, you invest 100% of your physical, mental, and emotional energy into long days of assisting and treating animals - and that doesn’t include the side work of hiring, managing an office, and dealing with group health insurance for your veterinary clinic.Veterinary clinic health insurance is not only time consuming, but costly. As such, something is beginning to happen -- many veterinary clinics are switching to individual health insurance as a way to free up valuable time and money.
You might be looking at alternatives to group health insurance for your small business and individual health insurance reimbursement is at the top of your list. If you’ve decided that it is best for you and your small business, here is how you can educate employees about individual health insurance reimbursement.
In a time when health benefit costs can be almost unimaginable, your small business faces a difficult decision: keep your current group health insurance plan, or offer nothing at all. The truth is, not offering health benefits to your employees hurts your small business in the long run. So what’s the solution? Offer flexible benefits - here’s how.
As an owner of a dental practice, you’ve got a lot on your plate. Aside from your important duties of treating patients, you might be handling hiring, managing your office, and dealing with group health insurance for your employees. And since dental practice health insurance is time consuming and costly, many dental practices are switching to individual health insurance as a way to free up valuable time and money.
As a small business owner comparing health insurance options, you may be wondering how much ObamaCare premiums cost. In 2014, the average ObamaCare premium cost $346/month before federal subsidies, and $82/month if you received federal subsides. Of course, what you and your employees will pay for coverage depends on a few factors. Here's a look at the cost of individual health insurance through the ObamaCare Marketplaces.
As a small business owner, you may wonder how you can compete with larger businesses for top talent in your industry. Part of your ability to recruit top talent lies in the health benefits that you offer. However, offering traditional group health insurance for your small business has become unstable and unaffordable, as costs have risen 182% since 1999 (family coverage). So, is there a solution? Absolutely--adopt individual health insurance for your small business.
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.