With over 28 million small businesses in the States STATES only health insurance 
becomes essential to attract and retain talent. The ACA requires that every small business with more than 50 employees offer some type of health insurance coverage, but many companies with fewer employees hope to attract top talent by offering insurance too.
As insurance costs rise, many small businesses are asking how they can actually offer competitive health benefits. Statistics show that nearly 0 percent of companies expect the cost of health care rising. With all these unknowns, many business owners are afraid to provide benefits to their employees. Fortunately, there are ways to predict and control the cost corporate health of small benefits.
Use
Bourse With the passage of the ACA, individual Americans can buy health insurance on the Exchange. These plans are much cheaper than traditional group policies offered by employers to most companies. Is there a way businesses can tap into the savings offered on the stock exchange without cutting benefits?
Using formally established premium repayment agreements, employers reimburse the premiums paid by employees to a previously established amount. This means that employees choose their own plan on the Exchange, and businesses can maintain full control over the cost of their services.
offer money and tax-free tax credits
Fund reimbursed through these benefit arrangements are generally considered tax free, this means that your employees get the money before the government takes its share. This puts the money where it belongs - in the pockets of your employees as they buy their own health plans on the Exchange. Employers also benefit from this arrangement because these payments are not subject to tax on the payroll.
tailor their own plans employees
With a group policy provided by the company, guidelines and requirements are set for the group as a whole. With individual repayment plan, your employees can choose which aspects of their plan they want included. When companies provide these modern advantages, they have the freedom to choose plans that fit their network doctor, and financial preferences. This means better insurance for your employees and their families without additional expenses on your end.
Conclusion
formal repayment plans are the most cost effective way for your company to provide insurance for your employees, even if you are not required to provide benefits under the ACA. While companies always have the possibility of offering a group insurance plan or offer no benefit at all, the best scenario comes with repayment plans that allow you to provide benefits without cutting dramatically in the company's profits. In short, employees are happy and your bottom line benefits.
What alternatives has your company used in the constant battle of coverage benefits for employees? Leave a comment below.
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