Small businesses are major economic mover in the United States. Approximately 54% of all US sales and 66% of all new jobs come from companies with fewer than 100 employees. In fact, according to the Census Bureau, businesses with fewer than 100 employees comprise 98 percent of existing US companies. 
professional practice Tend small businesses be
Professional practices, including medical, legal, financial, dental and veterinary clinics, particularly likely to be small businesses. The statistics of US companies report that about 0 percent of these service-oriented practices have fewer than 20 employees.
These small practices are among the most affected by the cost of group health insurance to increase. The share of small and medium enterprises benefits for the health of their employees and provides decreased by 11 percent from 2010 to 2013 .
Small practices nor health benefits
Small practices may still offer employer provided health benefits points. Group health insurance is not the only option for small practices. In fact, more and more companies to move away from the group policy model towards the individual insurance reimbursement model health.
individual health insurance reimbursement for small practices is particularly effective in controlling costs, saving time and staff to provide choice.
As an individual health insurance reimbursement plan structure
To an individual health insurance provide reimbursement for small practices can establish entrepreneurs a § 105 health reimbursement plan . Many companies are using software Track construction plan and manage compliance. These self-insured medical reimbursement plan is structured to be reimbursed for the employee:
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health insurance premiums specified up to a monthly health allowance, and
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Limited screening, as required by PHS Act Section 2713.
to preventive care to limit liability, employers could demand proof of employees, not grandfathered the show entitled with much cover for the HRP to its minimum. In this way, the employee 100% receives pension benefits over their own health insurance (eg an individual plan or a spouse of the employer plan).
HRPs reimburse insurance premiums, a non-essential health benefits and preventive care services in accordance with the provisions in PHS Act 2713.
Why does individual health insurance reimbursement sense for small practices
Many professional practices have the flexibility to provide their employees with refund certificates based on their employee classes , the impressionable to know their cost reimbursement ceilings, and the minimum amount of time, if a with reimbursement software provider .
for small practices that are facing options for enrollment in group insurance, individual health insurance premium refund is not only a viable solution fade, but often the best solution.
What questions do you have about individual insurance reimbursement protection for small practices? Leave a comment or question below.
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