Traditionally, full-time workers are accustomed to getting their health insurance through their employer. For people who are self-employed, work as 1099 contractors, or work part-time, health insurance options are a bit more complicated, but they are certainly not impossible, especially if you are willing to think outside the box.
Companies evaluating employee health benefits often start with a few basic questions: Can the company afford health benefits? Which type of benefit should the company offer? How can we provide the best employee health benefits? Understanding national trends can be a helpful first step to understanding how to build the best small business employee benefits. This article outlines two main health benefit approaches and what they mean for a small business budget.
As your small business starts, renews, or changes employee health benefit offerings, employee communication is vital to making your health benefits a success. After all, employees who understand, utilize, and appreciate their benefits are more likely to stay healthy and stay with your company over the long run. So, what are the top questions employees have about health benefits? Below are ten popular questions we receive from employees, along with communication tips for your management team.
For businesses to thrive in today’s economy, finding and retaining the best employees is important. This is especially true for small businesses and nonprofits competing with larger businesses, and larger budgets, for top talent. Benefits play a large role in employee retention, and employees want benefits personalized to their needs.
Anyone who owns or manages a small business has firsthand knowledge of the importance of timing. Important changes can’t be made hastily, but you also can’t afford to be paralyzed by indecision. A balance between the two is where small businesses make great strides.
Medical expense benefit plans offer employers a way to help employees with medical and health insurance expenses. Popular among smaller employers, medical expense benefit plans offer employers an affordable and attainable way to offer employee health benefits. To help business owners wrap their head around how these type of benefit plans work, this article provides a two-minute guide to medical expense benefit plans.
What if your small business was able to offer health benefits without worrying about controlling costs year after year? It sounds too good to be true, right? After all, a recent survey found that 90 percent of employers are bracing for health plan increases this year, many in the double digits, and that employers' number one operating challenge is the cost of benefits.
Ten or fifteen years ago, small business health benefit options were pretty simple: purchase a group health insurance plan. But today, the market has changed. There are new health insurance options available which leaves executives asking, “Which type of health benefits is the best fit for our small business?”
Hint: It Goes Beyond Employee Recruitment and Retention With more Americans purchasing health insurance, the Affordable Care Act (ACA) has arguably accomplished an important goal: to decrease the number of uninsured individuals. In fact, the Department of Health and Human Services states that 16.4 million previously uninsured people purchased health insurance under ACA. So how was the ACA able to accomplish this goal?
As a small business owner, there are dozens of ways to measure success. Success is launching new ideas, profits earned, and contributions to the community and industry. But perhaps the most central among these is the impact small business owners have on the lives of employees.
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.