Christina Merhar is the Senior Editor for Zane Benefits, the leader in individual health insurance reimbursement for small businesses.
Christina joined Zane Benefits in 2012 and has a passion for helping small employers understand the ins and outs health benefits and Human Resources. @ChristinaAtZane
As companies grapple with how to manage increasing healthcare costs, small businesses are moving away from a one-size fits-all health plan and adopting more consumerized employee benefits. For example, companies are increasingly using strategies such as wellness programs, health reimbursement arrangements, and benefit allowances to manage costs and allow employees greater choice and customization of benefits. And yet, with change comes the importance of employee education.
If you follow trends in the health insurance and healthcare industries, the news is not always positive - premium rates are increasing, healthcare costs are skyrocketing, and businesses are making big decisions about offering and sustaining coverage. But here’s a silver lining - a case study reported on by Kaiser Health News (KHN) highlights an Affordable Care Act payment reform success story. The case study demonstrates how - at least in one case - educating and incentivizing doctors to take a more holistic approach to medicine can have a significant impact.
As leadership teams evaluate small business health insurance options, a common question we receive is, “How can we reimburse employees tax-free for medical expenses?” There are four main medical expense reimbursement plan options. To help clarify which type of plan will help your small business achieve its goals, here is a simple breakdown of four primary medical reimbursement accounts used by small businesses today.
If you follow small business health insurance trends, it will come as no surprise only 54 percent of small businesses offer health insurance - as compared to 97 percent of larger businesses. And, despite the availability of new small business health insurance options, the majority (56 percent) of small business employees still purchase coverage through an employer.
In today’s evolving workforce, companies are moving away from a one-size-fits-all healthcare approach and offering employees various types of health reimbursement accounts to tailor to individual needs. With the consumerization of benefits employees receive customizable benefits while the company has more cost efficient benefits. And yet, the benefits of any health benefits program are not fully realized if employees do not understand what the benefits are and how they work.
Small business owners say the cost of health insurance is one of the largest business challenges, with the Affordable Care Act only increasing the resources needed to offer healthcare to employees. How can business owners get a handle on the cost of health insurance and benefits? Here are six tips - from conventional to unconventional - to help.
As an owner of a small or growing trucking company, you want to provide the best health benefits to your employees and their families. And yet for many companies, traditional employer health insurance has become too expensive or simply does not meet the unique needs of a mobile and diverse workforce. As such, trucking companies nationwide are evaluating health insurance options including individual health insurance reimbursement benefits.
Small business owners who offer health insurance - or who are considering offering health benefits - have an important question to consider: which type of benefit will be the best for the company and employees? Traditional business sense says offering a group health insurance plan is the best way to go, but here’s something to consider - cancelling (or not offering) group health insurance may be a kindness to employees, and to your small business’s bottom line.
UnitedHealth Group, one of the nation’s largest and most established health insurers, recently announced an exit in 2017 from most of the 34 state Marketplaces where they offer individual health insurance plans.
When asked why health benefits are so important, most small business owners say something like this: “Health benefits are important to my business and employees.” This is spot on - health benefits are the number one type of employee benefits employees value. But, why exactly are they so important?
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.