{"id":241,"date":"2023-10-18T19:07:55","date_gmt":"2023-10-18T19:07:55","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=241"},"modified":"2023-10-18T19:07:57","modified_gmt":"2023-10-18T19:07:57","slug":"best-health-insurance-for-small-business-owners","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/health-insurance\/best-health-insurance-for-small-business-owners\/","title":{"rendered":"Best Health Insurance for Small Business Owners 2023"},"content":{"rendered":"

When it comes to health insurance coverage, a small business is generally considered an employer with one to 50 employees. This excludes the owner, their spouse, and any family members. <\/p>

Health insurance helps individuals pay for routine check-ups, preventative care, and medical emergencies. Health benefits consistently top the list of desired job perks, and workers commonly rely on employer-provided coverage for themselves as well as their families.<\/p>

Many small business owners provide their employees with group health insurance as a way to attract and retain talent. You can use the Small Business Health Insurance Options Program (SHOP) to find ACA-compliant group plans, which you can offer to employees by purchasing coverage with help from an agent or broker. A SHOP plan is the only way to qualify for the Small Business Health Care Tax Credit if you meet the eligibility requirements. <\/p>

If you can\u2019t find a plan on the SHOP marketplace, you can find one directly through insurance company websites.<\/p>

If you offer SHOP coverage, you must offer it to all full-time employees and have an office or worksite in the state where you\u2019re applying for coverage. Not all providers offer SHOP plans, and they may not be available everywhere. Whether you decide to enroll in a SHOP plan or another group health insurance plan, you\u2019ll want to choose a reputable company that prioritizes your employees and their healthcare needs. <\/p>

Hence, if you’re looking for a health insurance provider for your small business, navigating the sheer number of plans, policies and industry jargon may seem daunting at first blush. Business Yield has evaluated companies based on the benefits they provide and their third-party ratings, so you can choose the right health insurance partner for your small business.<\/p>

Best health insurance for small business<\/strong><\/span><\/h2>

Blue Cross Blue Shield<\/strong><\/span><\/h3>

With coverage in every U.S. ZIP code and a variety of national networks to choose from, Blue Cross Blue Shield can meet the needs of almost any business. However, since BCBS is a group of companies, benefits vary by region, as do customer satisfaction ratings. This is why it is important to evaluate your BCBS company for issues like customer complaints. <\/p>

BCBS workplace wellness programs vary by state. For example, BCBS Mississippi trains company leaders to teach fitness classes and offers a significant reduction in health insurance premiums for employees who commit to working out at least twice per week. Other benefit offerings vary by region as well, but Anthem offers 24\/7 virtual care, a convenient mobile app, a variety of plan types, and the option to bundle health coverage with dental, vision, life, and\/or disability insurance. <\/p>

The Blue365 discount program provides your employees with robust discounts on wellness-related products and services.<\/p>

Pros<\/strong><\/p>