Small Business Health Insurance News and Trends

Cut costs by following small business health insurance news and trends

States and health insurance providers working together to provide low cost health insurance is one of many topics discussed in recent small business health insurance news and trends. Over the past few years, several states have been working diligently to make health insurance more affordable for small businesses.

The cost of health insurance for small business owners is a growing concern. High premiums are greatly affecting small business’ expenses, causing many business owners to decrease business health care insurance coverage options and even stop offering health insurance altogether. Check out the following recent small business health insurance news and trends that could save your company money.

1. Several states are now offering business health insurance programs.

2. You can cut costs by exploring low-cost business health insurance options.

3. Wellness programs can cut small business health insurance costs.

 

Learn more about state small business health insurance programs

To encourage small business owners to continue offering business health insurance, several states are chipping in money to decrease the costs to employers. For example, Rhode Island recently teamed up with Blue Cross Blue Shield to offer a small business medical insurance program with lower premiums and reduced co-payments and deductibles.
Try: Learn about how states are trying to control costs of medical insurance for small businesses by reading the New York Times. You may also consider checking out the National Conference of State Legislatures to find out more about states and small business health insurance.

Consider medical savings account for small business health insurance

Established by Congress nearly 10 years ago, medical savings accounts (MSAs) help small business owners afford to provide health care to employees. Because MSAs have a set premium regardless of employee ages, this type of small business health insurance can help companies cut health care costs.
Try: Check out Healthinsurance.info to read more about the benefits of MSAs. You may also find more information about MSAs and other types of small business health insurance plans by visiting the Entrepreneur website.

Cut business health insurance costs by keeping employees healthy

Encouraging your employees to stay healthy by offering wellness programs and incentives is a great way to cut your small business health insurance costs. In recognition of the importance of staying healthy, several states require that employers offer wellness programs and incentives to qualify for state small business health insurance programs.
Try: Check out small business group health insurance trends by visiting the Wall Street Journal website to read up on health care insurance reform. You may also learn more about health insurance for small business owners wellness programs by checking out IndustryWeek.

 

• Most small business health insurance quotes are dependent upon your group's average age, health, business location and other factors. It's important that you take some time to create good estimates about this information to ensure that you receive as accurate a quote as possible.

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