3 Best Health Insurance Plans For Small Business Owners

The terms of Business provided health insurance have been altered since the Affordable Care Act (ACA). If you have more than 50 full-time workers, you must offer health insurance to them that is affordable. The threshold set in the ACA is that they cannot spend more than 9.5% of their earnings for an insurance plan. If these laws are not abided by, business owners have to pay penalties to the IRS.

Even if your business does not have 50 workers, there are numerous reasons why you should consider offering health insurance. These include employee motivation, tax incentives, ease of recruiting etc. Finding the right plan for your business, however, may be tricky. This article aims at assisting small business owners in finding the best insurance plans for their needs.

3 Best Health Insurance Plans For Small Business Owner:

Small businesses with lesser than 50 hands don’t need to offer health insurance, but delivering hands with some type of health content can help you get and retain quality hands.

In this article, we will give you the report containing the best health insurance options that you would give to your employers to get the advantages that you want to attain.

Health Insurance Options:

There are various well-renowned insurance agencies that offer alternatives to traditional plans as customized plans to fit your needs. Agencies such as Mira can easily protect the necessary services at very affordable pricing.


  • Without violating laws of labor, this can be recommended to part-time Employees and Contractors.
  • Costs more than 10x less than traditional plans
  • This is very useful for contractors or short-termed employees because the transfer is very easy, you can easily transfer one employee license to the other.
  • $300 is very little as compared to the $50000 per year traditional insurance plan.

Another best network recommended for a small business owner is United Health Care.

United Health Care:

United Healthcare is a huge insurance provider that is currently catering to many small business owners and has over 1.2 million providers listed within their network. Around 2 years ago in February 2019, a civic judge passed a ruling that the company was treating cerebral health and substance use treatments ineffectively. Since this, United Health Care has taken many steps to improve its services by launching virtual behavioral health care services.

All 50 states of the world have United Health Care and it is operating worldwide. Their database consists of  5600 health care clinics and they provide access to over 2.5 billion healthcare co-workers.

UHC started its business in 1977 and has a high rating. Their operations have been nothing short of excellent with customers posting raving reviews on all online channels. With their commitment to constantly improve, they spend every year nearly about $3 billion on research and development. The program of small business the company contains very unique tools.

If your business consists of 3-50 employees, this may be the best option for you. All the relevant information is readily available online. You can get access to reports, FAQs and recommendations! Be sure to check out the services and prices in your location, as it varies from location to location. Reach out to a representative to discuss the needs of your company, and you’ll get an affordable tailor-fitted insurance plan in no time!


The following are the pros of the United Health Care:

  • This company is very transparent and you can easily compare plans online.
  • Costly contributor network
  • Creative Health care mechanics


The following are the cons of UHC:

  • Customer Services might be very difficult to reach
  • Mental health reports have had issues in the past


The next provider that we’d recommend is HUMANA. It is an excellent option for small business owners looking to buy affordable policies for their employees.


Humana is also included in the insurance provider list that gained a top mark in that list. Humana is an American Insurance company found in  Louisville, Humana is the company that made remarkable rank in the health insurance companies of Kentucky, i.e. 41 out of 500. Humana is also present in 50 states of the world and numerous companies have Humana as their main insurance provider. The customers of Humana are very happy with its services because of the extra advantages that it offers over other insurance companies.


·       Extensively present across the country:

Humana is present mostly in every country. The advantage is that you can find Humana’s insurance in every state

·       Humana’s Pharmacy:

J.D.POWER appreciated the pharmacy of Humana and labeled it the number one pharmacy in insurance companies.

·       Superior quality plans:

Humana never compromises on quality. 90% of Humana’s centers are ranked 4 stars out of 5 online.

·       Low cost of Humana at Walmont:

Humana offers the best prices for prescriptions at Walmont when members buy.

·       Powerful Customer Services:

Their customer services are renowned worldwide. Issues and queries get resolved instantly.


  • There are some plans that don’t offer coverage for prescription drugs:

While there are numerous Humana Medicare Advantage plans that provide coverage for prescription drugs, not all of them do. You should ensure that the plan you get covers your prescription needs. If not, you may need to bear extra costs to get your prescriptions

  • Plans For Special Needs Are Not Available In All States:

Although they have widespread coverage, not all 50 states have special needs plans. According to research conducted in 2020, only 20 states offered special needs plans. Reach out to a representative to confirm whether your location has access to special needs plans according to your requirements.

  • Not All Areas Offer Zero Premium Plans:

One major incentive for individuals to choose this agency is the ability to purchase a plan with zero premium. However, many states do not offer this option, As there is limited availability of these plans in different locations, it is recommended to review each plan carefully to see if you’re getting the best deal before signing up.




Small Business Health Insurance

5 Reasons Small Business Health Insurance Is Critical For Employees

Small business health insurance has a variety of programs. For example, personal plans, specific disease plans, etc., as appropriate, should be covered under one type of health insurance. This way, you can get financial help from the insurance company if there are any health problems.

Small business health insurance can be purchased by an employer. Here, the employer buys small business insurance from an insurance company by paying insurance premiums to ensure the health risks to employees in terms of the terms and conditions of the policy. Keep reading to find the value of small business insurance for employees.

There are many options available to businesses looking to provide medical insurance to employees, but usually, small business health insurance comes in the following form:

  • Health Benefits: Basic: Patient Care, Dependence, International/Regional Availability, Covered Circumstances.
  • Additional known benefits: maternity and birth control, vision, and dental insurance.
  • Extended / full benefits: Health screening and vaccination, general health support, and mental health support.

Small Business Health Insurance is health insurance bought by the owner of a small business that covers the company and its employees and provides numerous benefits. 

Three characteristics make small business health insurance different from any other type of insurance

  • They are made functional specifically for a small group 
  • It is available throughout the year. 
  • The employer can contribute to the premium charged to the employee

Now we will look at these characteristics in detail.

Small Business Health Insurance designed for small scale companies:

First, small business insurance schemes are usually run by less than 50 groups. Company owners that have less than 50 full-time employees working under them are not obligated to provide their employee data under the ACA.

Most small business policies include groups of five or fewer people. If your employees were only 1099 contractors last year you may be eligible for health care for small businesses. 

Purchase through the year

Second, a difference of small business health insurance is that it is available throughout the year to make purchases. With Small Business Health Insurance, you are not obliged to register during the special registration period open, as much as possible when purchasing special coverage.

Employer contribution to employee premium:

Third, for small business insurance, a business usually has to pay at least 50% of its employees’ monthly health insurance premiums. Exact percentages may vary depending on the situation or system.

It is important to remember that the money you pay in employee premiums is usually deducted from the rules of your business. Ask your auditor or tax adviser how you can save money in this way.

The main goal behind introducing small business health insurance is providing employees of the company a chance at better health facilities and assisting them in managing their health care expenditures. Other benefits, such as financial aid or educational benefits, can be beneficial, but effective medical insurance often adds to global wage benefits.

Most employees rarely ask you to pay for medical expenses out of your pocket, at least without making too much money for the savings they have. Protecting health insurance from your employees will cost less than what they bought for themselves – and, as a group, you will have more control and negotiation power to ensure that the money you spend on insurance is spent wisely.

The importance of small business health insurance for employees

The following points highlight the importance of a small business insurance scheme for employees.

1) Availability of basic insurance

Employees can benefit from basic insurance coverage such as hospitalization due to their employer. The employer usually pays the policy. Therefore, an employee can avail of the benefit of the insurance scheme free of cost.

2) Sub-conditions

Personal health insurance systems have stronger terms than group health policies. For example, the terms of the waiting period, health checkup, and maternity cover are not small compared to a group health plan.

3) Family coverage

With small business health insurance plans not only you can avail of the benefits but your family members are also secured  In this way, the financial security attached to the coverage is extended to other family members. You can easily avoid a stressful situation by making the right decision at right time and secure your and your family’s future.

4) Insurance management

Once you are covered under the health insurance policy provided by your employer and after learning about the start and implementation of the plan, you can consider better coverage by opting for a single health insurance plan. For instance, a small business health policy offers all the facilities of basic health insurance ad allows you to buy a critical illness policy.

5) Peace of mind

A medical emergency can quickly lead to a financial emergency. This puts a lot of stress on the patient and family members. A health insurance policy can provide great assistance in difficult times like these.

Be informed

Covering only under the Health Team will not help you. You need to know its availability for insurance. That way, you know what’s included in the system and what’s not.

You must go through the details of the policy of small business health insurance thoroughly whether you are a company owner looking for an insurance company to buy insurance or an employee who is availing the coverage. Do not hesitate to ask the insurance company about your queries and ensure that you understand everything.

As mentioned above, small business health insurance is a quite helpful facility for employees as well employers. Where employees avail numerous benefits and are secured through this type of insurance, employers get a chance to grow their business by providing strength to the most important resource of their business. You must decide smartly and choose the right company along with the right package. Making the right decisions will help in the future and give good results. Go through policies before making any decision.


Top Health Benefits That Employers Can Offer

From an uninsured worker’s perspective, any healthcare benefits offer financial coverage and peace of mind essential to satisfactory work life. Now that the majority of companies must offer employer benefits to comply with government regulations, the more important question involves figuring out what the top healthcare benefits to offer are and how your organization can afford them.


Options in Healthcare Benefits for Employees


Different insurance options offer employers the chance to provide different levels of care at different price points for their workers.


HMOs – Health maintenance organizations allow workers to choose their doctor freely. They are responsible for copayments for appointments, procedures, prescription medications, and more.


PPOs – Preferred provider organizations have a set list of physicians to choose from. Appointments with outside network specialists or visits to off-plan hospitals will cost more.


Healthcare Savings – The money in these accounts is protected from federal income tax and can be used for a variety of medical deductibles or bill payment purposes.


Reimbursement Arrangements – These employer-funded benefit plans pay workers back for healthcare expenses they had to pay for themselves. A MERP (medical expense reimbursement plan) is a tax code provision that allows employers to save money on covering their workers.


What Employer Benefits Do Workers Want Most?


Without a doubt, more people want health insurance from their employers than any other type of benefit possible. The percentage of importance goes up based on the employee’s age. When it comes to the specific benefits offered under a worker policy, however, many options exist. In general, people prefer lower deductibles, minimal co-pays, and coverage for everything from a wellness visit to the family doctor to full coverage for hospital stays and long-term debilitating injuries.


Some of the specific healthcare benefits people want include:


  • Health savings accounts to save up for unexpected expenses
  • Reimbursement accounts for medical bills
  • Insurance for dental and vision coverage
  • Full disability insurance (often covered by worker’s compensation laws)
  • Coverage for preventative treatments or wellness programs


Discover Affordable Ways to Offer Top Healthcare Benefits


There are many excellent reasons to offer healthcare benefits to employees. While you may want to include every type possible with the widest range of providers at the lowest costs, you must temper your generosity with affordability. After all, if the business does not turn a sufficient profit, you will not be able to employ people at all.


While maintaining full compliance with all current Affordable Care Act regulations, you can discover ways to satisfy the people who need medical, dental, and vision coverage without compromising your ability to succeed in whatever industry or niche you represent.


Saving money on top healthcare benefits starts with knowledge and understanding of all the options and how things like tax benefits and group health insurance discounts can work for your company. A ClaimLinx options consultant provides these services for small, medium, and large businesses that need to find affordable ways to give their workers what they want and need.


Benefits of Offering Health Insurance

No matter what size business you run, offering health insurance benefits your employees provides numerous advantages not only for the workers but also for the company itself. In order to get these benefits of offering health insurance, however, you need to understand how to choose the right plan. The help of an employer consultant like those at ClaimLinx can lead you to the right final decision.


Five Health Insurance Benefits for Your Business


When making decisions about the possibility of offering medical insurance to your employees, consider these important points.


1 – Employee Loyalty Increases


When it comes to a list of benefits that workers want, health insurance comes out on top. A paycheck is nice, but coverage for both preventative medicine and emergencies improve the overall impression that workers have for their employer. They also increase overall morale and productivity. A large part of having a successful business depends on keeping all the men and women who work for you happy and satisfied. Do not lose quality workers to other firms that offer more incentives than you do.


2 – Jobseekers Value Your Company


When you want to attract new talent, offering low-caused group health insurance makes your job opening more attractive to people who have choices. If it comes down to you or a different business, offering health insurance can push you over the top. Basic benefits may not be enough. With so many companies offering insurance these days, you need to make sure you provide the very best coverage at affordable prices.


3 – Decrease Federal Taxes


If you own or operate a small business with fewer than 25 employees working full-time, you can get considerable tax credits if you offer health benefits to them. Other rules apply to enroll in the Small Business Health Options Program, but you do not qualify all if you do not take advantage of group health rates that make it possible for your employees to get healthcare when they need it.


4 – Fulfill Government Requirements


The Affordable Care Act has a whole list of rules and regulations that affect how businesses provide healthcare benefits or insurance to their employees. In many cases, a company is required to offer a certain level of coverage depending on the type of workers they have, whether they are full-time or not, and other factors. If you have any questions about these requirements, it helps to speak with a qualified healthcare consultant.


5 – Smart Insurance Plans Decrease Cost


The final major benefit of offering health insurance at your company focuses on both the business itself and every single worker who has coverage through your chosen plan. As long as you make wise decisions about the policies and covered costs, everything from premiums to monthly bills to tax payments will decrease. When you choose to use an experienced and knowledgeable third-party administrator to handle all these matters, you end up saving even more in the long run.