Small Group Benefits for Small Businesses
Running a small business often means balancing numerous responsibilities with a lean team. One significant challenge many small business owners face is offering health insurance. Navigating the options can feel overwhelming, especially when you're doing it alone. Luckily, small group benefits present a streamlined, affordable solution.
Cost Efficiency
Group health insurance typically costs less than individual plans because the risk is spread across the team. Employers usually contribute to premium costs, which reduces out-of-pocket expenses for employees, making it a cost-effective option.
Enhanced Coverage Options
Small group plans often provide broader or more attractive benefits than individual plans, giving employees more valuable health coverage options.
Tax Advantages
The Small Business Health Care Tax Credit is beneficial for eligible employers, offering up to 50% off premiums. Nonprofits can receive up to 35%, making health benefits more affordable.
Employee Satisfaction and Wellness
Dependable health coverage boosts employee morale and retention by providing peace of mind, supporting overall wellness and productivity.
Eligibility Simplicity
With the requirement that a business can qualify with as few as two employees, even the smallest teams can access group benefits, making it an accessible option for many.
With small-group employer plans seeing an increase of around 9.4% in 2025, exploring flexible options like QSEHRA can help manage costs. QSEHRA allows reimbursement for healthcare expenses tax-free, maintaining compliance with ACA requirements.
Offering group benefits doesn't have to be complicated or expensive. Explore if this solution fits your team, and remember, you don't have to make the decision alone. Help is available to guide you through options and compare plans. Reach out for a personalized review to find what's best for your business.
