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
The Small Business Healthcare Relief Act (SBHRA) is pending legislation that would expand small business healthcare options. If passed, the SBHRA would allow small businesses to once again use a Health Reimbursement Arrangement (HRA) to assist employees with out-of-pocket health insurance and medical costs. A common question from small businesses and advisors is, "how would the Small Business HRA compare to reimbursement plans available today?"
A common misconception about individual health insurance is that it costs more than employer-based (“group”) health insurance. When in fact, on average, individual health insurance costs up to 60 percent less than comparable coverage on the group market. How much does individual health insurance cost? Let’s take a look.
When small businesses consider health insurance options, it's common to weigh offering a traditional group health insurance plan with offering individual health insurance reimbursement. How do individual and group health insurance compare? Here's a concise overview.
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.
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.