Small businesses and nonprofit organizations can not afford to pay the cost of group health insurance is increasing. Nevertheless, health services are an important part of recruiting and keeping the best employees. 
A major trend is for s mall businesses and nonprofits drop their group health insurance their employees pay for individual health insurance policies, the bought marketplace to help. Here are ten signs your business or nonprofit should your employees change individual health insurance.
1. You can not pay the price of the group health insurance afford
The cost of the group health insurance has been steadily increasing over recent years. In fact, the costs have since 09 for small business health insurance almost doubled, with 91 percent of small businesses increases their health plan at its recent renewal insurance coverage.
If the health of the employees contribute cost, but can not afford a small group health insurance, then employees reimbursement of individual health insurance is the right choice to be.
If you reimburse your employees individual health insurance premiums, you can determine the amount by which is to carry workers' allowances insurance with no minimum contribution.
2. Need Customized health benefits to recruit and retain key employees
If you offer strategically different health benefits to different types of employees, then employees individual health insurance reimbursement is good choice. For example, if older programmers are particularly hard to recruit in your competitive labor market and to design your health benefits at a higher fee for this class of employees.
3. You need predictable health benefits costs from month to month and year to year
If you need predictable health benefits in the short and long-term costs, then you should your employees individual Change health insurance. As mentioned in # 1, this will enable your company to name the price. The health supplement amounts can be adjusted to fit (or grow) your budget. Moreover, there is no increased annual renewal fees or as with group health insurance is widespread.
4. You have a limited time and / or personal health benefits to manage
individual health insurance is a wise choice for businesses with limited time and resources to manage health benefits. This is especially common in small and growing businesses and nonprofits. Health Benefits Manage often falls on the business owner or office manager - time taken to organize successfully make
With a credible reimbursement software provider [ to manage the reimbursement in less than 5 minutes per month online.
5. You want to from the Health Insurance
Many business value offer health benefits, but find that research and dealing with the health insurance is an administrative process get. Reimbursement of employees individual health insurance allows companies from health insurance to get and still offer a valuable employee health benefits.
The refund is plan with individual health insurance, your small business, and allows employees to buy their own insurance - such as car insurance. Employees can be reimbursed for their insurance from their stipend.
employees individual health insurance premiums reimbursement of business insurance company eliminated relationship, and it allows employees to choose the health insurance plan that best suits their unique health and financial situation.
6. You want employees and their family members access to premium tax credits to
Individual health insurance is a good choice for companies, employees and their family members want to give to the premium tax credit access.
Under the Affordable Care Act, an individual health insurance money is not as qualified health insurance, so count is an individual health insurance to disqualify grade with no employee premium tax credits. Employees can be reimbursed by their allowance for the non-subsidized part of their health insurance premium
With a traditional group health insurance, only to offer health insurance (as "affordable" and "qualified") disqualifies employees. - - And often their family members -. of the premium tax credits ... even if employees do not enroll in coverage offered
7. They want a high return on investment (ROI) on health benefits
More and more small businesses to see, to quantify their spending in all areas, including health benefits and staff. If this applies to you, then individual health insurance is a wise investment because you will see more value - and thus higher ROI -. On health benefits
This is because individual health insurance premiums cost less on average than group health insurance premiums. A 0 $ / month contribution becomes a health money go further than $ 0 / month group health insurance premiums.
8. You have your Small Business Health Insurance seen increase the cost, and reduce coverage levels
If your small business health insurance costs are rising, and seen as a result had coverage levels decrease, more cost sharing to employees or health insurance all fall together, then it's time to get your employees to change individual health insurance
that is because the costs are controllable and predictable. Many companies from the traditional group health insurance individual health insurance see change going the overall cost down and increase employee coverage.
9. They are open, innovative use and cutting-edge solutions to achieve the same or better results
If you win open to the use of innovative and solutions cutting a competitive advantage, then should your employees on individual switches health insurance. This is not a new strategy, but it really is now due to ACA withdraw benefits for individual health insurance (guaranteed issue and premium tax credits).
companies that are seeing the benefits and share a single health approach at the forefront of this new health benefits trend that will soon become mainstream for small and medium-sized employers in the US.
10. Your employees Diverse Medical Needs
Finally, you should invest in health benefits individual health insurance, if your employees have a diverse medical and coverage needs. In the traditional group health insurance, it is most common to offer a health plan for small businesses. Companies with different health needs have a hard time, the needs of employees with a one-size-fits-all plan.
can work with individual health insurance health benefits, an employee with a health insurance broker any health buying plan from any carrier, with access to their favorite doctors.
Individual health insurance offers more choice and control to employees by allowing them to choose a plan that meets their own needs, including coverage and network. Employees can decide their own plans to work with their budget. These plans can be adapted to individual circumstances and age.
For example, when a young employee is relatively healthy and on a tight budget, a plan with a lower premium and higher deductible may be the right choice. On the other hand, for those with more healthcare needs, a plan with a higher premium and lower deductible can better plan the.
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