Researching small business health profits mostly begins with group health insurance quotes, considering different carriers, coverage levels, and costs. But if you are in sticker shock or if a group plan generally is not a good fit, what are your choices? Here is a savvy access many smaller employers are taking: do not provide group health insurance coverage. Instead, provide a formal benefit program to reimburse workers for individual health insurance plans.
This access is a viable solution for smaller companies because workers gain approach to quality, customized health insurance coverage and the company controls prices by setting a monthly contribution rate toward qualified premiums. In fact, the average employer could fully fund an individual family policy for less than they could fund a section of that family's coverage under a group policy.
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