Zane Benefits welcomes the spine and job creators in our economy during National small Business week (4 to May 8, 2015) . In our continuing mission to reinvent benefits for small businesses, we want to ensure they remain strong and competitive by providing affordable benefits. Our featured blog provides insight into how small business owners can benefit from the ACA and work to achieve this.
The Affordable Care Act (ACA) . Many small business owners have asked the same question from 
the introduction of the law. The question, of course, is "How the ACA does not benefit my small business?" This question is now coming to the point that more research becomes available. Michael Kleinrock, research director for IMS Institute and co-author of a report entitled Use medicine and changes in expenditure , provides information on exactly how the ACA benefits small business owners in a recent article featured in www.entrepreneur.com . In this article, we will discuss three ways Kleinrock said ACA benefits small business owners according to his research.
3 Major Benefits ACA for small businesses
Whether you are for or against the ACA, it is the law. And with all laws, adjustments must be made to adapt. With ACA, Kleinrock said there are three major changes for small business owners. These changes benefit both the employer and employee, but small business owners must adapt
The recruitment of top talent. According to Kleinrock, one of the most beneficial aspects of the ACA for small business owners is that they can now compete for the best talent within their industry. Gone are the days when only large could offer the advantages it took to recruit the best employees. Now, because of the ACA, small business owners are able to provide employees with access to discounted health insurance benefits such as individual health insurance that provides eligible persons access to credits tax bonus.
Kleinrock said, "If you're small enough, you are not obliged to provide benefits, but for organizations increasingly legally required insurance deals -disease. State level in the insurance exchanges offer a cost-effective health insurance option for most companies, which is an important consideration for potential employees who are considering joining a company. "Kleinrock said:" The exchanges also benefit workers directly by giving them a variety of options and flexibility to choose the kind and type of coverage they want, that were previously inaccessible from smaller employers " .
now, more than ever, small business owners have the opportunity to provide access to affordable health insurance
Related :. Advantages two biggest challenges for health are cost control, recruitment and retention
Streamlined health insurance quotes: When speaking to tender affordable health insurance, Kleinrock speaks of a change in "defined benefit" to a " defined contribution ." with the defined contribution, small a business owner to commit a fixed amount for their employees with whom they can buy health insurance coverage of their choice. This option allows employees to choose the coverage that best suits their lifestyle. with the "pure" defined contribution it are two options for small business owners:
Option 1: taxable allowance
employees receive a fixed, taxable allowance for purchase individual health insurance, whether or not they actually buy health insurance. Monthly employee contributions are generally added to his salary. With this option, employers and employees must pay social charges on repayment and there is no guarantee employees use the money on health insurance.
Option 2: Free tax refund plan
With a repayment plan free of tax, employees receive an amount of the fixed allowance to purchase individual health insurance, but only receive money if they actually buy health insurance. Employees buy their own individual health insurance policy and provide proof of their expenses. Employees receive their monthly repayments amount of the allowance, which are generally added to their paycheck franchise tax.
affordable health insurance coverage options such as support for defined contribution point of small business owners to Kleinrock to recruit top talent. Whereas previously the owners of small businesses have limited options to provide health insurance for employees as nowadays employers can simply send their employees to the individual health insurance market and repay all or part of their premiums.
Related: health insurance options for small businesses in 2015
Improved productivity: Finally, a convincing conclusion Kleinrock came was that employees who have improved access to health insurance services and options tend to be healthier, more productive, more reliable, and fewer days of illness. This, of course, is great news for small business owners.
The bottom line is, employees who are healthy are costing the company less. Healthy employees are able to come to work more and produce a higher level of productivity in relation to an employee who has no access to insurance services disease and is constantly sick.
Kleinrock said, "Some unforeseen costs to have sick employees are absent their replacement costs. The burden of finding a new worker training, allowing them to curve learning, and so on. beyond these harsh spending is that the hiring process takes time, which is an intangible cost to your company, but nevertheless true that is often left out of the discussion Medicare "
similar. You want increased productivity? Focus on healthy employees
Conclusion
Now, with more research readily available regarding the ACA, owners small businesses have their first look at how the ACA can benefit them and their employers. And according to Kleinrock, ACA helps small business owners recruit better, gives employees easy access to health care, and improves employee productivity - just answer the question being, "How does the ACA enjoys my small business? "
Do you agree or disagree with Kleinrock How ACA received your small business? Comment below.
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