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Best Health Insurance Companies for Small Businesses for 2024

Blue Cross Blue Shield is our top pick for its availability and wellness programs

health insurance for small business owner

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Blue Cross Blue Shield stands out as the best health insurance company for small businesses because of its range of coverage options. The company offers a nationwide preferred provider organization (PPO) network and extra benefits for employees, including an extensive discount program. 

Depending on your state, you may have a few options for finding health coverage for your employees, including through the Small Business Health Insurance Options Program (SHOP)—a government marketplace for small business health plans—and by purchasing a traditional group health plan from a broker or directly from an insurer. 

To choose the best health insurance companies for small businesses, we evaluated major health insurance carriers based on financial strength, customer satisfaction, coverage options, telehealth and wellness benefits, digital tools, and more. These are our top picks. 

  • Best Overall: Blue Cross Blue Shield
  • Best for Customer Satisfaction: Kaiser Permanente
  • Best for Part-Time and Seasonal Workers: UnitedHealthcare
  • Best for Self-Funded Plans: Aetna
  • Our Top Picks

Blue Cross Blue Shield

Kaiser Permanente

UnitedHealthcare

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The Bottom Line

Small business insurance options.

  • Frequently Asked Questions (FAQs)
  • Methodology

Best Overall : Blue Cross Blue Shield

Blue Cross Blue Shield (BCBS) offers flexible options to small business owners, including the option to access the nation’s leading PPO network. In many states, BCBS employee plans come packed with extra benefits, and most plans include an extensive discount program.

Nationwide availability

Health and wellness discounts

Workplace wellness programs in many states

Poor J.D. Power ranking in some regions

Blue Cross Blue Shield, which is also our pick for the best health insurance company overall, offers employers many options. Among them are plans that include access to the BlueCard PPO network, which gives employees coverage when traveling nationwide. In some states, BCBS offers fully insured, level-funded, and self-funded plans. Blue Cross Blue Shield is a group of companies, so benefits and plans vary by region, but many member companies offer extra benefits. 

For example, the member company Anthem provides an employee assistance program at no extra cost to help members manage stressful events, from legal issues to the search for care. In many states, BCBS plans also come with 24/7 telehealth and access to mobile app plan management. Most members also get access to Blue365, an extensive discount program that also offers a $25 gym membership in some states. 

BCBS and Anthem companies had a combined average of 3.5 stars out of 5 stars from the National Committee for Quality Assurance (NCQA), an independent body that judges insurance plans on the quality of their providers, as well as customer satisfaction. But customer satisfaction ratings vary by region. Check the 2023 J.D. Power U.S. Commercial Member Health Plan Study to see how BCBS fared in your region. While rankings are poor in many regions, BCBS was top-ranked in Florida. 

BCBS companies also have an A or A- financial strength rating from AM Best . 

Best for Customer Satisfaction : Kaiser Permanente

Kaiser Permanente has top customer satisfaction ratings from the NCQA and J.D. Power, along with an award-winning app and a suite of virtual care options.

4.2-star average NCQA rating

Top-ranked by J.D. Power in most regions where available

Administers HRAs, HSAs, and FSAs

Robust support for chronic conditions

Only available in eight states and D.C.

Kaiser Permanente has better customer satisfaction ratings than any of the major health insurance providers we reviewed, with a 4.2-star average NCQA rating and top J.D. Power rankings in four regions. The company offers employers many options. While Kaiser is known for its health maintenance organization (HMO) plans , it also offers preferred provider organization (PPO) plans . Employees can pair some plans with a Kaiser-administered health reimbursement arrangement (HRA) , health savings account (HSA) , or flexible spending account (FSA) . Members can even submit HRA and FSA claims using their mobile phone cameras. 

Free wellness coaching is included at no cost. Members who are at risk for chronic conditions are automatically enrolled in a disease management program with comprehensive support and remote patient monitoring. And Kaiser offers several additional employee benefits, including dental, vision, acupuncture, and chiropractic. Kaiser is also our top pick for the best digital tools, with an award-winning app, 24/7 virtual care, mental health apps, and online physical therapy. 

The main drawback is that Kaiser Permanente isn’t available everywhere. The company only offers plans in eight states and the District of Columbia. Kaiser does offer a SHOP (Small Business Health Options Program) plan in Georgia and Virginia.

Best for Part-Time and Seasonal Workers : UnitedHealthcare

UnitedHealthcare offers small business plans nationwide, including a unique coverage solution for contractors, part-time workers, and seasonal employees.

Offers a unique program for non-benefit-eligible workers

Offers wellness resources and incentives

A+ financial strength rating from AM Best

J.D. Power ratings vary by region

UnitedHealthcare is our top pick for small businesses with several types of employees and contractors, including part-time and seasonal workers. Its FlexWork program offers coverage for non-benefit-eligible employees nationwide. The program provides group-premium-equivalent rates for three plan types designed for different types of workers, and you can add extra benefits like $0 telehealth, dental, and vision. 

UnitedHealthcare also offers members access to Self Care (a wellness app), fitness incentives, an online weight loss program, a smoking cessation program, and more. Plus, UnitedHealthcare offers a large provider network of more than 1.3 million healthcare providers. 

UnitedHealthcare also boasts an A+ financial strength rating from AM Best and a 3.5-star average NCQA rating. Though J.D. Power ratings vary by region, UnitedHealthcare was the top-scoring company in Texas and Virginia. The company also offers SHOP plans in Maryland, Massachusetts, New York, and D.C.

Best for Self-Funded Plans : Aetna

Aetna is one of the few health insurance companies to offer self-insured plans tailored to small businesses. We also like that it offers virtual primary care and a CVS allowance.

Offers self-funded plans for up to 25% upfront savings

Offers a variety of health expense funds

Optional robust behavioral health benefits

Members of some plans can access affordable care at MinuteClinic locations

Fully insured group plans in some states don’t include MinuteClinic benefits

Self-funded plans from Aetna offer up to 25% savings upfront, plus stop-loss insurance if your claims for a particular month go over your maximum claims amount. When you renew your plan, Aetna will refund 50% of any surplus funding to you. 

Members get access to CVS Health virtual primary care plus up to a $100 allowance for health and wellness products at CVS. The company also offers HRAs, HSAs, FSAs, and retirement reimbursement arrangements (RRAs) in most states. In addition, you have the option of adding behavioral health benefits that include virtual counseling, mental health tools, and an employee assistance program. Many plans offer MinuteClinic benefits as well, but fully insured plans in some states are excluded. 

Aetna has a 3.5-star average NCQA rating and a financial strength rating of A with AM Best. The company also came out on top in the East South Central, Northwest, and Southwest regions in the 2023 J.D. Power U.S. Commercial Health Plan Study, but ratings vary by region. Aetna offers SHOP plans in Maryland and D.C.

Blue Cross Blue Shield offers the most options for employers, with many plans providing access to the BlueCard PPO network and 24/7 telehealth, along with a variety of funding options in some states. If you’re looking for a self-funded plan, Aetna offers the best option tailored to small businesses in many states, as well as CVS benefits and optional robust behavioral health benefits. Kaiser Permanente takes the cake for customer satisfaction, with high third-party ratings and great digital tools, while UnitedHealthcare’s unique FlexWork program makes it our top pick for nontraditional employees. 

When choosing small business health insurance, you have a few options, according to Robert Slayton, an employee benefits consultant. 

Small Group Health Insurance

One option is to purchase a small group plan directly from a commercial health insurance company that serves small businesses or through a broker. “It gives the employer control over which plans to offer and [assurance] that people will remain covered while employed,” said Slayton. However, you may also need to offer COBRA or mini-COBRA plans. Mini-COBRA plans are required by some states for companies with fewer than 20 employees.

Self-Funded Plan

You may be able to save money by taking on the responsibility of paying out employee health claims yourself. This is known as a self-funded or self-insured plan, which typically relies on a commercial health insurer to administer the provider network and provide assistance with enrollment and claims processing. 

Health Reimbursement Arrangement (HRA) 

Another option is for the employer to offer a health reimbursement arrangement (HRA), which is an employer-funded group plan that pays employees back for qualified health expenses up to a certain dollar amount each year. Expenses may include premiums for an employer-sponsored plan, as well as copays and coinsurance. There are several types of HRAs, including a qualified small employer HRA (QSEHRA) for companies with fewer than 50 full-time employees. Another type is an individual coverage HRA (ICHRA), which lets employees use the funds to buy their own health insurance with pretax dollars. Funds can also be used for copays and deductibles. “[Employers] choose an amount to give each employee so that the employee can purchase coverage on their own,” said Slayton. “Employees who claim this reimbursement must have an underlying individual plan or Medicare.” 

SHOP Plan 

The Small Business Health Insurance Options Program allows you to compare small business plans offered on the ACA Marketplace and offer one or multiple options to your employees. These plans are typically the only route to the Small Business Health Care Tax Credit. However, they’re only offered on the federal marketplace in eight states and on state-run exchanges in 13 states. 

Frequently Asked Questions

Do small businesses have to provide health insurance.

If you employ fewer than 50 people full-time, you are not required to offer health insurance to your employees. But more than half of firms that size do offer it, according to the National Federation of Independent Business. A 2022 U.S. Chamber of Commerce survey found that 88% of employees rank health insurance as the most important employer-provided benefit. If you have 50 or more employees and choose not to offer coverage that meets federal standards, you’ll be required to pay a penalty called a Shared Responsibility Payment instead.

How Much Does Small Business Health Insurance Cost?

Costs vary by location and the network and coverage you choose, but on average, small businesses contributed $7,349 per single covered employee in 2023. Experts recommend keeping your total employee benefit costs between 10% to 20% of your overall revenue.

What Is a Self-Insured Health Plan?

A self-insured health plan is a type of group health insurance in which the employer collects premiums and is responsible for paying claims when employees need care. These plans can be self-administered, or the business may work with an insurance provider to get stop-loss coverage (which puts a ceiling on your risk) and administrative support. 

There are several benefits to self-funded plans. Employers can keep surplus premiums (or receive a portion returned by the stop-loss carrier), plans can be customized to a greater degree, and certain ACA provisions that lead to high costs can be avoided. Increasingly, small businesses are opting for self-funded coverage. But self-insured plans aren’t right for every business.

Can an S Corp Pay for Health Insurance?

Yes. An S corp can provide health insurance for its employees. However, most health insurance companies require you to have at least two employees to get a group plan, so if you are an S corp owner and don’t have employees, you’ll need to get individual health insurance from the ACA Marketplace. Additionally, you can’t provide an HRA to anyone with a greater than 2% stake in your company.

How We Chose the Best Health Insurance Companies for Small Businesses

We chose the best health insurance companies for small businesses by looking at our research for our list of the overall best health insurance companies and then investigating what options these insurers offer for small businesses looking to buy plans for their employees. 

To identify which health insurance companies to review for our overall winners list, we analyzed business and market insight databases, considered health insurance company market share, and researched user-generated data from Google to determine public interest and trends in health insurance companies and plans. 

We collected data from the National Committee for Quality Assurance (NCQA), an independent organization that rates healthcare plans on quality and patient satisfaction. We also gathered data from state and federal government insurance marketplace websites and databases, and directly from companies via websites, media contacts, and existing partnerships. The data collection process took place between Sept. 29 and Oct. 23, 2023.

We then developed a quantitative model that scores each health insurance provider based on 27 criteria that fall into four major categories and are crucial in evaluating the company’s offerings and benefits. We weighted the four categories as follows for this article:

  • Plan Quality & Customer Satisfaction : 20%
  • Plan Features : 40%
  • Availability : 15%

Read our full methodology for reviewing health insurance companies.

J.D. Power. “ Commercial Health Plan Member Satisfaction Declines in Key Areas, J.D. Power Finds. ”

The Commonwealth of Massachusetts. " MiniCobra Continuation of Coverage Benefits Guide ."

Healthcare.gov. " What's An Individual Coverage Health Reimbursement Arrangement (HRA)? "

Healthcare.gov. “ SHOP Marketplace Basics for Employers .”

U.S. Department of Health and Human Services. “ As a Small Business Owner, Am I Required to Offer Health Insurance to My Employees? ”

KFF. " 2023 Employer Health Benefits Survey (Section 6) ."

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Health insurance is a critical factor for small businesses to help retain and recruit employees and sustain productivity and satisfaction. UnitedHealthcare offers a range of group health insurance options designed to help your small business save money and support your employees’ health and well-being.

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Building healthier workplaces together

A small business with about 40 employees shares why working with UnitedHealthcare has enabled them to provide a health plan that delivers on what matters to their employees.

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Video transcript

Instrumental music plays throughout. Three white lines curl across a blue background. Blue text centers a white screen.

ONSCREEN TEXT:          Building healthier workplaces together

Upbeat music plays to a montage of shots from employees working in warehouse, a forklift, a man outside, seed being filled into a bag, a white truck driving through plains, and a blonde-haired woman smiling.

The screen dissolves into white with the blue United U logo appearing in the center.

Inspirational music begins playing as we see an aerial view of the Albert Lea Seed Plant. The scene switches to an aerial view of a baseball field, then to the Albert Lea Seed Plant entrance. The view moves inside where Matt Helgeson speaks to a circle of employees in the warehouse.

MATT: Okay, good morning, everybody.

We've got trucks at the dock today, so it's going to be a busy Monday.

We've got trucks on the scale as well, so we'll need a couple samples pulled up.

The screen shows Matt being interviewed before a white background.

MATT: Albert Lea Seed has been in business for almost 100 years,

A blue bar slides into the bottom left of the screen, containing white text.

ONSCREEN TEXT:          Matt Helgeson Owner, Albert Lea Seed

MATT: and today our focus is distributing seed throughout the Upper Midwest and throughout the country.

A white text box with the Albert Lea Seed logo scrolls down from the top left of the screen.

ONSCREEN TEXT:          Organization Albert Lea Seed 

Location Albert Lea, MN

Industry Agriculture

Established 1923

Number of employees 40

Music continues. We see Matt checking seed and then a man pouring seed into a bag in a warehouse.

Matt: One of our key focuses is distributing an organic and non-GMO seed to farmers who are under those production methods.

We see Matt and another man examining seeds in a field.

MATT: Many of our seeds that we offer here are produced by local farmers.

Those seeds include soybeans especially, and also small grains; things like oats, wheat, barley, and rye.

We see palettes of bags of organic grain seed and barley. Scene cuts to a white truck driving on a dirt road in the fields.

MATT: Those relationships with our customers matter to us, and they matter to the farmer, and so we try to offer honest advice and seeds in which the quality we believe is truly there.

Matt gets out of truck and shakes hands with another man in a field. Matt and a man inspecting crop.

Nicole Hansen begins speaking. We see the Albert Lea Seed building sign, then Nicole speaking to employees in the warehouse, handing out open enrollment booklets. A white UnitedHealthcare U logo is at the bottom right corner of the screen

NICOLE: Good morning, everyone. I'm going to briefly talk to you guys this morning about open enrollment for 2022. I'm going to hand out some booklets for everyone.

The screen changes to Nicole Hansen interviewing before a white background. A blue bar slides into the bottom left of the screen, containing white text.

ONSCREEN TEXT:        Nicole Hansen Human Resources, Albert Lea Seed

NICOLE: A lot of people are surprised to hear that the Albert Lea Seed House even offers benefits just because we're such a small employer and we're not actually required to offer any type of health insurance.

Nicole continues speaking while we see a montage of a forklift in the warehouse.

NICOLE: We want the best for our staff and for their families. We take a lot of pride in not having high turnover rates, and that's because of how we treat our employees and how comfortable they feel with us.

The screen switches back to Nicole in front of a white background.

NICOLE: We meet with our broker every year, the controller and I do, and we're always looking at a plan that's going to impact our staff in the most positive way.

Nicole continues speaking while we see a montage of employees working with seed in the warehouse.

NICOLE: Which one is going to cover them is depending on what's going on in their life and make a positive impact on them and their families.

Matt begins speaking and we see a montage of workers in the warehouse.

Matt: The health of our employees is critically important.

The screen changes to Matt being interviewed in front of a white background.

MATT: The UnitedHealthcare plan has been very beneficial for all of our employees here.

While Matt is speaking, we now see a montage of employees at work and the white UnitedHealthcare U logo in the bottom right corner.

MATT: The incentives for employees to improve their health and have more of a preventative concept is really important.

Nicole is speaking before a white background.

NICOLE: The incentive program that's offered through UnitedHealthcare is a huge success with all of my staff here.

While she is speaking, we see Nicole and Matt walking and talking outside.

NICOLE: They love the incentive for them to get up and get moving. It gives them a great feeling, and they love the extra cash flow into their HSA. These plans that we offer through UnitedHealthcare are very important to us because happier employees are more productive employees, which are healthier employees.

The screen is changing back to Nicole speaking in front of a white background

NICOLE: And that's exactly what we strive for here at the Albert Lea Seed House.

Blue text flashes quickly on screen, centering a white background.

ONSCREEN TEXT:        There

ONSCREEN TEXT:        for

ONSCREEN TEXT:        what

ONSCREEN TEXT:        matters

A blue u-shaped logo appears against a white background, followed by text.

ONSCREEN TEXT:        UnitedHealthcare

Small black text runs along the bottom of the screen.

ONSCREEN TEXT:        All trademarks are property of their respective owners.

ONSCREEN TEXT:        Insurance coverage provided by or through UnitedHealthcare Insurance Company or its affiliates. Administrative services provided by United HealthCare Services, Inc. or their affiliates.

ONSCREEN TEXT:        © 2023 United HealthCare Services, Inc. All Rights Reserved. 23-2747306

ONSCREEN TEXT:        EI232767439 11/23

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Best Small-Business Group Health Insurance Plans

Amrita Jayakumar

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

Table of Contents

Best overall: Blue Cross Blue Shield

Best for low-cost plan options: kaiser permanente, best for transparency: unitedhealthcare, best for customer service: humana, best for health expense funds: aetna (cvs health).

As a small-business owner, the decision to offer health insurance to your employees is a personal one. If you have fewer than 50 employees, you are not required by law to offer a group health insurance plan. But you may still want to consider it as a tool to hire and retain workers and to claim tax benefits for your business.

Choosing the right group health insurance plan for your employees depends on your budget and also factors like the number of employees you have, how old they are and where they live. You can purchase insurance through the federal government’s Small Business Health Options marketplace, directly from an insurance provider or using an insurance broker.

» MORE: How much does small business health insurance cost?

Here are our picks for the top small-business group health insurance providers to consider.

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Largest provider network in the country.

Limited plan details available online; must talk to a sales representative.

Why we like it: Blue Cross Blue Shield is an association of 35 locally operated insurance companies throughout the country. Together, the association provides access to 93% of doctors and 96% of hospitals nationwide. This means finding in-network doctors should not be a problem for your employees anywhere in the country.

Blue Cross Blue Shield provides a variety of plan options for your employees, including preferred provider organizations, health maintenance organizations and high-deductible health plans, as well as group dental and vision plans. The company ranks well in J.D. Power’s 2021 Commercial Member Health Plan Study, which measures member satisfaction. Blue Cross Blue Shield wins the top spot in eight U.S. regions.

For 2019, the average rating for Blue Cross Blue Shield plans on the National Committee for Quality Assurance website was 3.5 on a scale of 1 to 5. The NCQA rates plans on factors such as clinical quality and member satisfaction.

Low-cost HMO plans.

Small-business plan comparisons available online.

Available only in California, Colorado, Georgia, Hawaii, Maryland, Oregon, Virginia, Washington and Washington, D.C.

Why we like it: Kaiser Permanente is only available in a handful of states but it is well-rated in those regions, according to the J.D. Power study. Its average rating on the NCQA website is also high, at 4.3. Kaiser is best known for its HMO plans, which it offers at a low cost because patients are generally required to see providers within a small network. As a small-business owner, you can easily view the details of all of Kaiser's group offerings, including pricing information, on its website.

Comparison tool for small-business plans available online.

Available in all 50 states.

Does not rank in J.D. Power’s Commercial Member Health Plan Study of top insurers.

Why we like it: UnitedHealthcare is the largest insurance company in the country by market share; it works with more than 1.3 million physicians and care professionals, and 6,500 hospitals. Its small-business plan comparison tool makes it stand out from the competition. You can enter some basic information about your business and compare plan costs and features easily on UnitedHealthcare’s website. On average, the company’s NCQA rating is 3.4.

Plan details available online.

Smaller provider network than other insurers.

Why we like it: Humana is ranked well for customer service according to the J.D. Power study. The company’s customer service was also rated the best in the health insurance category of Newsweek’s annual Best Customer Service report two years in a row, for 2019 and 2020. On average, its plans had an NCQA rating of 3.4. Humana offers five types of plans geared toward small businesses and lists the features of each on its website.

Large network of providers.

Limited plan details available online.

Why we like it: Aetna has a comprehensive set of health expense funds that you can offer employees for pre-tax savings, such as health savings accounts and flexible savings accounts, as well as health and retirement reimbursement arrangements. (Note: Aetna’s HSA option is paired only with its high-deductible health plans.) Aetna ranks high on J.D. Power’s Commercial Member Health Plan Study and has an average NCQA rating of 3.3.

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 Health Insurance for Small Business Owners: The Complete Guide

Health Insurance for Small Business Owners: The Complete Guide

Running a small business can be an exhilarating adventure filled with challenges and rewards. As a small business owner, you pour your heart and soul into making your venture successful.

Amidst the hustle and bustle, it’s crucial not to overlook the importance of your health and well-being. Securing health insurance for yourself and your employees is a vital step towards safeguarding your health and the sustainability of your business. In this blog post, we’ll delve into the world of health insurance for small business owners , exploring its benefits, options, and how to navigate through the process with ease.

Why it Matters: Health Insurance for Small Business Owners

Being a small business owner means wearing multiple hats, juggling numerous responsibilities, and often working long hours. With such a demanding lifestyle, it’s easy to overlook the importance of maintaining good health. However, as the captain of your ship, your well-being directly impacts your business’s success. 

Health insurance serves as a safety net, ensuring that you have access to timely medical care, preventive services, and protection from excessive healthcare costs. It allows you to focus on growing your business with peace of mind, knowing that your health needs are covered.

Understanding Health Insurance Options

Navigating the world of health insurance for small business owners can be daunting, but understanding the available options can simplify the process. Small business owners typically have several avenues to explore:

1. Group Health Insurance:

  • Traditional employer-sponsored health insurance plans offer coverage for both the business owner and their employees.
  • Provides a range of benefits and cost-sharing arrangements based on the chosen plan.
  • Offers the advantage of group rates, making it potentially more affordable compared to individual plans.

2. SHOP Marketplace:

  • The Small Business Health Options Program (SHOP) Marketplace provides a platform for small businesses to compare and purchase health insurance plans.
  • Offers a variety of coverage options and allows businesses to contribute towards their employees’ premiums.
  • Provides access to potential tax credits for eligible businesses.

3. Association Health Plans (AHPs):

  • AHPs allow small businesses within the same industry or geographical area to join forces and purchase health insurance together.
  • Offers the potential for lower premiums and increased negotiating power due to the collective purchasing strength.

4. Individual Health Insurance:

  • Self-employed individuals without employees can explore individual health insurance plans.
  • Provides coverage for the business owner only and offers flexibility in plan selection.

Choosing the Right Health Insurance for Small Business Owners

Selecting the right health insurance plan for your small business requires careful consideration. Here are some essential factors to keep in mind:

  • Determine a budget that aligns with your business’s financial capabilities.
  • Consider both the monthly premiums and the potential out-of-pocket costs, such as deductibles and co-pays.

2. Coverage Needs:

  • Assess the specific healthcare needs of yourself and your employees.
  • Consider factors like age, existing medical conditions, and the desired level of coverage.

3. Provider Network:

  • Evaluate the network of doctors, specialists, and hospitals included in the plan.
  • Ensure that your preferred healthcare providers are within the network to maximize convenience and minimize costs.

4. Prescription Drug Coverage:

  • If you or your employees require regular medications, check the plan’s coverage for prescription drugs.
  • Assess the formulary to ensure that the necessary medications are included.

5. Flexibility and Customization:

  • Look for plans that offer flexibility to add or remove coverage options based on your evolving needs.
  • Customization allows you to tailor the plan to suit the unique requirements of your business.

Securing health insurance for small business owners is crucial for protecting both your health and your business. It provides peace of mind, ensuring that you have access to quality healthcare when you need it most. 

But what if you need a plan that’s more flexible, less restrictive, and far more affordable? That’s where subscription-based healthcare, like 180 Healthcare, and other options come into play. Let’s explore, shall we?

Exploring Non-Insurance Options for Small Business Owners’ Healthcare Needs

In addition to traditional health insurance, small business owners have increasingly been exploring alternative healthcare options that provide flexibility, cost-effectiveness, and personalized care. One such option gaining popularity is subscription-based healthcare. Let’s dive into this alternative and other non-insurance options available to small business owners.

1. Subscription-Based Healthcare (Direct Primary Care):

Subscription-based healthcare , also known as direct primary care (DPC) , is a membership-based model that offers primary care services for a fixed monthly or annual fee. With DPC, small business owners and their employees have access to a comprehensive range of primary care services, including preventive care, consultations, lab tests, and some medications, without involving insurance companies.

This approach fosters a direct relationship between the patient and the primary care provider, allowing for longer appointments, personalized care, and improved access to healthcare. When searching for “ health insurance for small business owners ,” subscription-based healthcare options like 180 Healthcare are quickly climbing to the top of the list.

Click here to see 180’s healthcare plans and what’s covered.

2. Healthcare Sharing Ministries:

Healthcare sharing ministries are organizations that facilitate cost-sharing among members who have shared religious or ethical beliefs. Members contribute a monthly share, which is then used to cover eligible medical expenses of other members. 

While not insurance in the traditional sense, healthcare sharing ministries can provide an affordable alternative for small business owners who align with their specific values and requirements. It’s important to note that these programs are not regulated like health insurance plans and may have specific eligibility criteria and coverage limitations.

At 180 Healthcare, we offer ZION Health , which is similar to healthcare sharing ministries, but accepts members regardless of their religion or beliefs.

3. On-Site or Near-Site Clinics:

Some small businesses opt to set up on-site or near-site clinics to provide primary care and preventive services to their employees. These clinics can be staffed by physicians, nurse practitioners, or other healthcare professionals. 

On-site or near-site clinics offer convenience, reduced healthcare costs, and the opportunity for proactive wellness initiatives. While this option requires an upfront investment, it can result in long-term cost savings and improved employee satisfaction.

4. Telemedicine:

Telemedicine , or virtual healthcare, has gained significant traction, especially in recent years. Telemedicine allows small business owners and their employees to access healthcare services remotely through video calls or online platforms. It provides convenience, flexibility, and reduced wait times. 

Many telemedicine providers offer a wide range of services, including virtual consultations, prescriptions, and follow-up appointments. Incorporating telemedicine into your small business’s healthcare options can help improve access to care, particularly for employees in remote areas or with busy schedules.

5. Wellness Programs and Employee Assistance Programs (EAPs):

Implementing wellness programs and Employee Assistance Programs (EAPs) can play a vital role in promoting employee well-being. Wellness programs focus on preventive care, lifestyle management, and health education, while EAPs offer support for mental health, stress management, and work-life balance. These programs can be customized to suit your small business’s needs and budget, ultimately fostering a healthy and productive workforce.

So, Which Option is Right for You?

At the end of the day, the option you choose, whether traditional or non-traditional, needs to align with your business’s needs, goals, budget, level of customization, and network. With so many options on the table, it can be daunting to figure it all out on your own. 

That’s where 180 Healthcare comes to the rescue. Our team can sit down with you, learn about your business, make recommendations that fit your needs, and save you time and money. That’s a win, win. That’s 180 Healthcare. Get in touch or give our team a call today. 1 (573) 803-4661.

Whatever you choose, we’re here to help. We can’t wait to hear from you!

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How Small Business Owners Get Health Insurance

Larry Levitt , Anthony Damico, and Gary Claxton Published: Sep 28, 2012

As with any economic policy issue, there has been much discussion of how the Affordable Care Act (ACA) will affect small businesses. But, there’s been very little focus on how the health reform law will affect the owners of those businesses as people.

As our recently released Employer Health Benefits Survey shows, small businesses are much less likely than larger businesses to offer health benefits to their workers. Half of businesses with 3-9 workers and 73% of firms with 10-24 workers provide health insurance. That contrasts with 98% of firms with 200 or more workers that offer health coverage.

The workers in these firms that do not offer coverage must rely on employer-based insurance through a family member, buying insurance in the individual market (assuming they can afford the coverage and do not have a pre-existing health condition), or in many cases going uninsured.

But what about the owners of these small businesses? They’re pretty much in the same boat. The following chart shows how small business owners with 1-24 employees now get insurance:

Policy-insights-small_biz_chart_092812

A few striking things emerge from this analysis:

  • About one in four small business owners is uninsured, roughly the same as for non-elderly adults generally.
  • Just 40% of small business owners get job-based insurance, either from their own job or through a family member. In contrast, almost six in ten non-elderly adults get their insurance through an employer.
  • Small business owners rely heavily on the individual insurance market, with 30% of them buying “other private insurance” (the vast majority of which is coverage purchased in the individual market).

This suggests that the biggest effects the ACA will have on small business owners may not be changes in the rules for the small business insurance market, but rather the changes in the individual insurance market: guaranteed access to coverage and no premium surcharges for people with pre-existing health conditions, limits on how much premiums can vary by age, a requirement that all insurers cover a set of “essential” benefits, the creation of health insurance exchanges, the requirement to be insured, and tax credits to make premiums more affordable. In fact, an estimated 60% of small business owners now buying insurance in the individual market have incomes up to 400% of the poverty level and would be eligible for tax credits in exchanges or Medicaid, and 83% of owners who are now uninsured would be eligible for subsidized coverage (split about equally between tax credits and Medicaid).

It may be that we can gain more insight into the implications of policy issues like health reform for small business by focusing less on the businesses themselves and more on the people who own them.

  • Affordable Care Act
  • Affordability
  • Individual Market

Also of Interest

  • Family Health Insurance Is No Longer Affordable Through Small Employers
  • Explaining Health Care Reform: Questions About Health Insurance Subsidies
  • Women’s Health Insurance Coverage

TrueCoverage

Employer Health Insurance

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#1 in Small Business Health Insurance options

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Affordable health insurance for your small to mid-size business in minutes, choose  health coverage plans that are right for your company.

CLICK HERE to LEARN MORE!

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What do group plans offer?

Group Health Insurance offers the same benefits as individual and family plans, usually at lower cost and generally without the need for medical examinations. You may choose to share the premiums with your employees but you will not pay tax on your contribution. There may be tax advantages for both employer and employees.

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Truecoverage will find policies that suit you., understanding employer health insurance, frequently asked questions, is there a maximum number of eligible employees, how much does group health insurance cost a small business, when can i apply, can i simply pay for my employees’ insurances directly.

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As a small business owner, am I required to offer health insurance to my employees?

If your business qualifies as small (fewer than 50 full-time employees and full-time equivalents FTEs), you are not required to offer coverage.

If you’re  self-employed , you can sign up for coverage for yourself (and family members) through the Health Insurance Marketplace®.

Small business owners who want to offer health insurance coverage have options such as:

  • Small Business Health Options Program (SHOP)
  • Health reimbursement arrangements (HRAs)
  • Health Savings Accounts and health plans with tax-saving benefits

Learn more about SHOP and other ways to offer health insurance to your employees

Have questions about SHOP coverage for businesses with 50 or fewer employees?  Contact the SHOP Call Center at 1-800-706-7893 (TTY users can call 1-888-201-6445).

Hours: Monday through Friday, 9 a.m. to 5 p.m. EST.

Note: Businesses with over 50 employees may have to make what’s called a Shared Responsibility Payment . This payment may be required if they do not offer coverage that meets certain standards.

Search HHS FAQs by questions or keywords:

The Motley Fool

How to Choose a Health Insurance Plan for Your Small Business

A s a small business owner, you're no doubt aware that it's important to not only attract solid talent, but do what you can to retain talented employees. And a good way to do that is to make sure you're offering a nice benefits package. That package might include a retirement savings plan you help contribute to, paid vacation time, and health insurance.

Now, you should know that if you run a business with fewer than 50 full-time employees, you're technically not required to provide health insurance. But that doesn't mean you shouldn't.

Healthcare can be an astronomical expense in the absence of insurance. And even if you're willing to raise salaries in lieu of providing insurance, you may find that prospective employees are turned off by the prospect of having to go out and purchase health coverage themselves.

Of course, choosing a health plan for your business isn't exactly an easy thing to do. Here are some tips for navigating the process.

1. Decide how much you're willing and able to spend

Within the realm of small business health insurance, there's a range of plans. As you might imagine, costlier plans tend to offer superior coverage, while those that are less expensive don't offer as much to participants.

It's important to be realistic about how much you can afford to spend on health insurance. As a smaller operation, you can't benefit from the bulk rates a company with 12,000 employees might snag. So you'll need to take a look at your banking records and see what's realistic, keeping in mind that you'll likely be picking up a large share of those premium costs.

2. Figure out if you want a high-deductible insurance plan

High-deductible health insurance plans can be burdensome for participants -- especially those with family members who tend to get sick often. But the costs for these plans can be more reasonable, as plans with higher deductibles tend to come with lower premiums. That's something to keep in mind if you'll be covering those premiums at 100%.

Also, if you offer a high-deductible plan, it may allow you to offer a health savings account in conjunction with that plan. That could make it easier for your employees to cover their medical costs while reaping tax savings.

3. Consider partnering up with an insurance broker

As a small business owner, you may not be all that well-versed on health insurance options. But it's the job of an insurance broker to walk you through your options and do research on your behalf, so you can focus on running your business. Not only might an insurance broker help you find the right plan, but they can generally help you get set up so you don't find yourself lost in a sea of paperwork.

Whether a health insurance plan is something you're looking to offer because it's a requirement or because it's a benefit you want to provide, it's important to find the best plan for your company. Take your time in making that decision so you and your employees wind up happy with it.

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How to Choose a Health Insurance Plan for Your Small Business

The 10 best insurance companies for small businesses

Running your own business can be satisfying with the perks of being your own boss, higher potential of success, and independence. But it also has its own challenges and stresses. One of the most significant challenges is protecting your business from liabilities or losses, which is why small business insurance is so important. Whether you’re the victim of a data breach or a customer is injured on your premises, the right insurance policy provides peace of mind and keeps your business operational.

To help you find the best insurance for your company, we evaluated 22 insurance companies based on their available coverages, customer service and financial stability ( view our full methodology ) and identified the top 10 small business insurers.

The 10 best small business insurers of February2024

  • Best overall: State Farm
  • Best for customer service: Nationwide
  • Best for financial stability: Chubb
  • Best for commercial auto coverage: Allstate
  • Best for coverage add-ons: The Hartford
  • Best for landlord coverage: American Family
  • Best for data breach or cyber insurance: Travelers
  • Best for policy discounts: Farmers
  • Best for home-based businesses: The Hanover
  • Best insurance marketplace: CoverHound

Whether you’re a solopreneur or you manage a growing team, running your own small businesses is a booming trend. The Economic Innovation Group reported that Americans submitted 5.5 million new business applications in 2023, an increase of 8% from the prior year. 

For new business owners and those who have been managing a company for years, it’s a good idea to shop around periodically and review your business insurance needs to ensure you have adequate coverage. To help you get started, here are our picks for the best small business insurers of 2024.

1. Best overall: State Farm

About: Founded in 1922, State Farm has been providing insurance coverage for over 100 years, and it has an outstanding reputation in the insurance industry. It has the highest-possible AM Best Financial Strength Rating of A++, signaling its financial stability and reliability, but it also stands out due to its innovative products, award-winning mobile app, online platform, and other tools. And it also has high scores for customer support. 

  • Am Best Rating: A++ (Superior) 
  • J.D. Power Customer Satisfaction Index Ranking: 2nd out of 13 issuers
  • Number of Small Business Products: 14 small business insurance products and add-ons
  • Customer support:  State Farm’s customer support is available via chat or phone, or you can contact a local agent; State Farm has over 19,000 agents in the U.S. 

Our verdict

State Farm is best for companies in a broad range of industries, from bakeries to plumbing. It is particularly useful for newer companies or business owners who are unsure of what kind of coverage they need; State Farm has several tools— including a simple online quiz— that can help you identify what insurance products and add-ons are right for your business. State Farm has comprehensive solutions, including coverage for liabilities, property, employees and even life insurance for the business owner. 

2. Best for Customer Service: Nationwide

About: Nationwide has been in operation since 1925, and it provides customers with a variety of insurance products, including both personal and business coverage options. For small business owners, Nationwide offers a broader-than-usual range of insurance solutions, including business liability coverage, workers’ compensation insurance and commercial umbrella policies. 

  • Am Best Rating:   A (Excellent) 
  • J.D. Power Customer Satisfaction Index Ranking: 1st out of 13 issuers
  • Number of Small Business Insurance Products: 14 
  • Customer support:  Nationwide allows business owners to get quotes online, or you can connect with an agent over the phone or in person. 

Our verdict 

Nationwide is best for small business owners with fewer than 100 employees and under $5 million in revenue because that’s the company’s requirements for its business owners policies (BOPs).  BOPs are packages of coverage that combine business liability, commercial property, business income and equipment breakdown insurance into one policy. 

Nationwide has an outstanding reputation for customer service, and you can reach customer support in several different ways. Additionally, the company has many optional add-ons you can use to customize your policy for added protection. 

3. Best for Financial Stability: Chubb

About: Chubb is a major insurer for both small and large businesses. It has a separate website and division for small businesses, with products specifically designed for small business owners, such as BOP and general liability coverage. 

  • AM Best rating: A++ (Superior) 
  • J.D. Power Customer Satisfaction Index Ranking: 9th out of 13 issuers
  • Number of small business insurance products: 7
  • Customer support:  You can contact Chubb customer support through a local agent or by phone.

As a business owner, you hope your business will be in operation for years to come, so you want to know your insurer will be able to protect you for the long-term. Chubb has the highest-possible AM Best rating of A++ (Superior), indicating that it should be able to honor any claims today and in the future.

4. Best for Commercial Auto: Allstate

About: Allstate is known for both its personal and business insurance, but it may be an especially appropriate choice for those who need commercial auto coverage. Allstate insures a wide variety of vehicles, including box trucks and service utility trucks. 

  • AM Best rating:   A+ (Superior)
  • J.D. Power Customer Satisfaction Index Ranking: 5th out of 13 issuers
  • Number of small business insurance products: 6
  • Customer support: Customer service is available through a local agent, phone or online chat. 

If you have a fleet of commercial vehicles for deliveries, moving inventory or shipping supplies, Allstate can provide necessary protection. Through Allstate, your vehicles will be protected with liability, collision, comprehensive and uninsured/underinsured motorist protection. Plus, you can also get rental car coverage to keep your business in operation if one of your vehicles is damaged in an accident 

5. Best Coverage Add-Ons: The Hartford  

About: The Hartford is a leading commercial insurance provider, offering both commercial business insurance and employee benefits. The Hartford has robust coverage options, including specialized insurance policies for a broad range of industries and optional add-ons you can use to customize your coverage. 

  • AM Best rating: A+ (Superior)
  • J.D. Power Customer Satisfaction Index Ranking: 10th out of 13 issuers
  • Number of small business insurance products: 17
  • Customer support:  The Hartford’s customer support is available through phone or local agent.

The Hartford is an insurance company best-suited for business owners in specialty industries, such as shipping companies that send goods overseas or those that operate in areas prone to flooding; the Hartford has commercial flood insurance and inland marine insurance options, which aren’t commonly found from all insurers. 

6. Best Landlord Coverage: American Family

About: American Family has been in operation since 1927, and it sells personal, business and farm and ranch policies. For landlords that rent out houses, condos or apartment buildings, American Family has unique options to protect your building structures, and offer liability coverage. 

  • J.D. Power Customer Satisfaction Index Ranking: 7th out of 13 issuers
  • Customer support:  You can reach American Family’s customer support through an agent or by phone. 

Getting adequate coverage as a landlord can be challenging, so American Family may be a valuable resource. Its complete coverage option for landlords provides comprehensive insurance, and includes an extensive loss control program to reduce potential losses in the future. 

7. Best for Data Breach or Cyber Insurance: Travelers

About: Travelers has a longstanding history and presence globally; it operates offices and has agents in the U.S., Canada, the United Kingdom and Ireland. Besides essential business insurance products like business owner’s policies and general liability, it also has specialized options for a range of industries, including companies who do most of their business online and need cyber insurance. 

  • AM Best rating: A++ (Superior)
  • J.D. Power Customer Satisfaction Index Ranking: 12th out of 13 issuers
  • Number of small business insurance products: 14 
  • Customer support:  Travelers insurance policies are sold through independent agents, and the agent is who you can go to with any questions about coverage.

If you’re part of the 29% of businesses that conduct business online, Travelers provides cyber insurance coverage and added features for digital businesses.  In addition to cyber insurance, it also provides customers with cyber security training modules, risk assessment tools and other resources to help you protect your business. 

8. Best for Policy Discounts: Farmers

About: Farmers Insurance can trace its history to 1928, and it offers a variety of business insurance products for small businesses. And it has a larger-than-usual number of discount options which can make your small business insurance policy more affordable, including: 

Corporation discount: If your business is a corporation, you can save 15% on your premiums. 

Vehicle safety discount: If you have commercial vehicles with safety features like lane departure notifications, you may qualify for added savings. 

Multi-policy discounts:  If you purchase multiple insurance products, such as BOPs, worker’s compensation or personal auto or homeowners insurance, you may qualify for a reduction in your premiums. 

  • AM Best rating: A (Excellent)
  • J.D. Power Customer Satisfaction Index Ranking: 4th out of 13 issuers
  • Customer support: Farmers’ customer support is available via chat, phone or agent. You can reach customer service Monday through Friday, from 7:00 a.m. through 11:00 p.m. CST, and Saturday and Sunday from 8:00 a.m. through 8:00 p.m. CST. 

Small business owners looking to save money may benefit from Farmers’ small business insurance. Particularly if you have a corporation, need to purchase a BOP or have commercial auto vehicles, Farmers’ discounts can be especially valuable. 

9. Best for Home-Based Businesses: The Hanover

About: Founded in 1852, The Hanover is one of the oldest insurance companies on our list. It has coverage options for both personal and business insurance. The company has several specialized small business insurance products, including four separate packages for those who run home-based businesses. 

  • AM Best Rating: A (Excellent)
  • J.D. Power Customer Satisfaction Index Ranking: Not rated 
  • Number of small business products: 12
  • Customer support:  Customer support is available via phone or agent. 

If you have a home-based business, such as listing your property on homeshare sites, tutoring or graphic design, The Hanover could be a good match. It has several packages designed for the unique needs of home-based businesses of different sizes, ensuring you have protection for your business, inventory, equipment and any clients. 

10. Best Insurance Marketplace: CoverHound

About: CoverHound is an insurance marketplace that connects users to personal and business insurance policies. It sells policies to residents of all 50 states, and it partners with major insurers like Chubb, Liberty Mutual and Nationwide. 

  • Number of small business products: 13
  • Number of partner carriers: 7
  • Customer support: You can reach CoverHound’s customer service team via email, phone or secure message. Customer support is available Monday through Friday, from 10:00 a.m. through 8:00 p.m. EST. 

CoverHound is a good match for people looking to purchase coverage quickly and streamline their research efforts; you can get quotes from several major insurer carriers at once. Once you find a match you like, you can buy a policy online, and it will go into effect in as little as 24 hours.

What to know about Small Business Insurance  

As a business owner, you likely need some kind of small business insurance. But what kind of coverage depends on the type of business you run, its size and its revenue. 

The most common small business insurance products include: 

  • Business owner’s policy (BOP): A BOP is a basic package of business insurance products combined into one policy. It combines essentials like property insurance, liability coverage and business interruption insurance. 
  • Commercial auto: If you make deliveries, transport clients or use vehicles for other business operations, you’ll likely need a commercial car insurance policy. 
  • Liability insurance: Liability insurance protects you against lawsuits resulting from bodily or personal injuries or property damage incurred by clients or vendors in dealing with your business.  
  • Property insurance: Property insurance is a must if you have valuable equipment, supplies or a physical business space; it protects you from losses that may occur due to storm damage, fires or theft. 
  • Workers compensation : If you have employees, you’ll likely need to get workers’ compensation coverage to protect your employees in cases of work-related injuries or illnesses. 
  • Errors and omissions (professional liability) insurance: Businesses that give advice, such as financial planners, or provide physical care need professional liability insurance. It covers your legal expenses and other fees if you’re sued due to negligence or a failure to provide services. 

Besides those basic coverage options, you can often customize your policy by adding additional coverages to your policy. Common add-ons include: 

  • Cyber liability: If you do most of your business online, handle sensitive information or store customer data like email dresses or payment information, you’ll need a cyber liability policy. These policies provide protection in cases of hacks or data breaches that compromise sensitive information. 
  • Business interruption insurance: If your business operations are interrupted and you lose revenue for a covered reason, such as building damage after a fire, business interruption coverage provides you with some compensation. 

How to choose a small business insurance company

To choose a small business insurer, consider the following factors: 

  • Company size: Some insurers specialize in policies for freelancers or solopreneurs, while others may offer policies to businesses with 20 to 100 employees. Your company size — and how much you expect it to grow — will affect which insurer is a good fit. 
  • Equipment and buildings: If your business operations involve a brick-and-mortar store or warehouse, equipment, vehicles and several employees, you’ll need a much more robust policy than someone operating a small, online business from their home office. Depending on your company’s operations, you may even need specialized coverage add-ons, such as cyber insurance or commercial auto coverage. 
  • Risks: Businesses vary in risk based on their industry and business model. For example, an academic tutoring business will likely have less of a liability risk than a roofing company. Think about what risks your company faces, such as what kind of equipment you work with, how often clients or customers will come onto your property and if you handle sensitive information. 
  • Cost: Small business insurance can vary significantly in cost between companies, so it’s a good idea to get quotes from several leading small business insurers to find the best deal. 

If you’re still unsure about which types of insurance products are right for you, take a look at our comprehensive guide to small business insurance .

Frequently asked questions

What does business insurance cover.

Business insurance coverages and exclusions vary by policy; a basic BOP covers the following: 

  • Property insurance for the business’ buildings and equipment
  • Business interruption insurance for the loss of earnings that may occur from fires, storm damage or other major disasters
  • General liability protection that covers your legal responsibility if another party is injured or experiences damages from your business

What is general liability insurance? 

General liability protects you from losses related to injuries, property damage or misleading advertising. If you have clients who visit your business premises — and therefore are at risk of becoming hurt in an accident on your property — general liability coverage is a necessity. 

How much does business insurance cost? 

The cost of coverage depends on a wide range of factors, including your company size, industry and location. In general, you should expect to pay anywhere from $500 to $5,000 per year for a basic business owners policy (BOP). 

Our methodology  

We reviewed 22 insurance providers and insurance comparison marketplaces to help you find the best small business insurer for your unique needs. To evaluate the companies and come down with our final list, we ranked the companies based on the following factors: 

  • Financial stability: We looked for companies with AM Best Financial Strength Ratings of A (Excellent) or better. 
  • Availability and eligibility: Preference was given to companies that issue policies in the majority of the U.S. states., and that insured companies with one to 100 employees. 
  • Product options: We looked for companies that offered at least 10 small business insurance products, including essentials like BOPs, commercial liability and business property coverage. 
  • J.D. Power ranking: Companies with scores above the study average were given extra weight. 
  • Online quote availability: Companies that allow customers to get small business insurance quotes were given additional consideration. 
  • Complaint index: We reviewed the complaint index, number of commercial liability complaints and types of complaints submitted about each company to the National Association of Insurance Commissioners (NAIC). 
  • Potential discounts: We looked for companies that offered at least one discount option for small business insurance customers. 

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EDITORIAL DISCLOSURE : The advice, opinions, or rankings contained in this article are solely those of the Fortune Recommends ™ editorial team. This content has not been reviewed or endorsed by any of our affiliate partners or other third parties.

Small business owners pessimistic about economy, report shows

Small business owners pessimistic about economy.

It's a three-pronged problem for businesses with a labor shortage, the need to raise wages and inflation all playing a factor.

DALLAS - It is a new year, but it comes with old worries for small businesses in Texas .

An economic report by the National Federation of Independent Business says owners are pessimistic about economic prospects this year.

It's a three-pronged problem for businesses with a labor shortage, the need to raise wages and inflation all playing a factor.

H.J. Russell is in the middle of several construction projects in Dallas, but their problem is the same as many other small businesses, finding workers.

"There's a little bit of a delay sometimes whenever we're trying to fill some positions for the skilled workers and what not with our trade partners as well," said Melissa Smith-Williams, the project manager for H.J. Russell.

health insurance for small business owner

Jeff Burdett, the state director of the National Federation of Independent Business, says it is a tight labor market out there.

"39 percent of owners in this recent report that reported that they could not fill openings that they have and this has remained fairly consistent in 2023, and we're concerned that it's going to continue into 2024 as well," Burdett said.

He says small business is not excited about the economy.

"Small business owners aren't too optimistic that the economy is going to be improving any time soon. Only 14 percent of our small business owners plan to create jobs in the next three months, which is down two points from December, but also is the lowest since May 2020, in the height of the pandemic," Burdett explained.

The NFIB report shows 29 percent of business owners plan to raise wages to keep workers and recruit new ones.

"We have to come up with different or creative compensation packages just to make sure that we are meeting the demands within the marketplace. We are able to successfully do that, but it is something that we are faced with," said Smith-Williams.

We've heard a lot from the Biden Administration and Federal Reserve about inflation coming down from historic highs.

READ MORE: Federal Reserve on track to cut rates this year: What it means for you

That, according to Burdett, is still the biggest battle facing businesses.

"It's cost of labor, cost of rent, costs of goods and services, but also health insurance costs and other insurance costs. You've got property, you've got vehicles, you've got workers comp and all of those things go together. It really is a difficult time on small business owners," said Burdett.

If business costs climb it means a smaller profit margin for companies, but it also means some of that higher cost will be passed on to customers.  

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health insurance for small business owner

IMAGES

  1. A Guide to Small Business Health Insurance

    health insurance for small business owner

  2. Small Business Health Insurance Facts You Must Know In 2022

    health insurance for small business owner

  3. How to Find the Best Health Insurance as a Small Business Owner

    health insurance for small business owner

  4. A Guide to Small Business Health Insurance

    health insurance for small business owner

  5. Health Insurance for Small Business Owners: What Are The Best Options

    health insurance for small business owner

  6. Small Business Health Insurance

    health insurance for small business owner

VIDEO

  1. Tired Of Your Health Insurance Changing?

  2. small business health insurance / business healthcare insurance / business medical insurance

  3. What Health Insurance Alternatives Can Businesses Offer Employees?

  4. Miscommunication & Misunderstanding

  5. Healthcare insurance for employees

  6. Small Business Health Insurance Montana

COMMENTS

  1. Best Small Business Health Insurance Providers Of 2024

    Forbes Advisor evaluates large insurance providers that offer ACA marketplace plans and ranks the best health insurance companies across the country. Kaiser Permanente, Blue Cross Blue Shield and UnitedHealthcare are the top three in 2024. Learn how to buy health insurance for your small business through the SHOP Marketplace or directly from a provider.

  2. Small Business Health Options Program

    Log in Menu Enroll in SHOP Small Business Health Insurance See Topics SHOP Coverage Why use the SHOP Marketplace? Verify your eligibility for SHOP Small Business Health Insurance Tax Credit How to work with an agent or broker Insurance for multiple locations & businesses Minimum participation rates Appeal a SHOP marketplace decision

  3. Best Health Insurance Companies for Small Businesses for 2024

    A comprehensive guide to help you choose the best health insurance company for your small business in 2024. Compare the top picks based on financial strength, customer satisfaction, coverage options, telehealth and wellness benefits, digital tools, and more. Learn about the pros and cons of each company and how to find the best plan for your needs.

  4. Health coverage for self-employed

    Small Business Health Insurance See Topics SHOP Coverage Why use the SHOP Marketplace? Verify your eligibility for SHOP Small Business Health Insurance Tax Credit How to work with an agent or broker Insurance for multiple locations & businesses Minimum participation rates Appeal a SHOP marketplace decision Additional resources for employers

  5. Health insurance for businesses

    How to register with SHOP How to sell SHOP coverage Additional resources for agents & brokers Other Information for Businesses Exploring coverage options for businesses Learn more about individual coverage HRAs Learn more about QSEHRAs How to get covered if you're a sole proprietor How the ACA affects small businesses Get Answers

  6. How Much Does Small-Business Health Insurance Cost?

    Learn how much small-group health insurance costs employers and how to choose the best plan for your business. Find out the factors that affect premiums, such as employee profile, plan type, industry and location. Compare different ways to buy health insurance for your employees, such as direct, broker, SHOP, PEO and QSEHRA.

  7. Health insurance for small business

    Health insurance for small business | Employer | UnitedHealthcare Learn more about small business insurance from UnitedHealthcare® We can help you navigate insurance for business needs.

  8. 7 Best Health Insurance for Small Business Owners

    Many small business owners provide their employees with group health insurance as a way to attract and retain talent. 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.

  9. Best Small-Business Group Health Insurance Plans

    As a small-business owner, the decision to offer health insurance to your employees is a personal one. If you have fewer than 50 employees, you are not required by law to offer a group...

  10. Get Small Business Health Insurance

    Get Small Business Health Insurance | UnitedHealthcare® Menu Get a customized quote for your small business in just minutes. UnitedHealthcare® can help you understand your small business health insurance options.

  11. SHOP Marketplace Healthcare for Small Businesses

    The Small Business Health Options Program (SHOP) Marketplace, created through the Affordable Care Act (ACA), offers affordable and flexible health insurance and dental plan options to small businesses. Coverage and pricing varies based on the plan, so as an employer you can find the best fit for your employees and your business.

  12. What's the Cost of Small Business Health Insurance?

    The average small business owner pays $6,584 a year to cover a single worker's health insurance. For family coverage, that jumps to $16,357. Most employer health plans split the cost of insurance between the company and the worker.

  13. Health Insurance for Small Business Owners: The Complete Guide

    Small business owners typically have several avenues to explore: 1. Group Health Insurance: Traditional employer-sponsored health insurance plans offer coverage for both the business owner and their employees. Provides a range of benefits and cost-sharing arrangements based on the chosen plan.

  14. How Small Business Owners Get Health Insurance

    About one in four small business owners is uninsured, roughly the same as for non-elderly adults generally. Just 40% of small business owners get job-based insurance, either from their own job or ...

  15. Best Small Business Health Insurance Plans

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  16. Small Business and the Affordable Care Act (ACA)

    The Affordable Care Act (sometimes called the health care law, or ACA) established the Small Business Health Options Program (SHOP) for small employers (generally those with 1-50 full-time and full-time equivalent employees (FTEs)) who want to provide health and dental coverage to their employees. Certain employers can enroll in SHOP through ...

  17. As a small business owner, am I required to offer health insurance to

    Small business owners who want to offer health insurance coverage have options such as: Learn more about SHOP and other ways to offer health insurance to your employees Have questions about SHOP coverage for businesses with 50 or fewer employees? Contact the SHOP Call Center at 1-800-706-7893 (TTY users can call 1-888-201-6445).

  18. How to Choose a Health Insurance Plan for Your Small Business

    As a small business owner, you may not be all that well-versed on health insurance options. But it's the job of an insurance broker to walk you through your options and do research on your behalf ...

  19. Sole Proprietor Business Insurance: Costs And Types You Need

    A business owners policy is a great start on meeting your insurance needs, and can serve as a sound foundation for sole proprietor business insurance. It clusters together three crucial types of ...

  20. The 10 best insurance companies for small businesses

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  21. Small business owners pessimistic about economy, report shows

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    19 Sep, 2019, 08:00 ET. MOSCOW, Sept. 19, 2019 /PRNewswire/ -- The Hotel Metropol is offering a unique chance to experience the spirit of aristocratic Russia with a book tour based on the ...

  23. SHOP health insurance overview

    See all SHOP tools, calculators, fact sheets, how-to guides, videos, and other resources for employers. Contact the SHOP Call Center at 1-800-706-7893 (TTY: 1-888-201-6445). How to enroll in SHOP insurance SHOP is for small employers who want to offer health and/or dental insurance convenitently, flexibly and affordably.

  24. Blue Cross Blue Shield Insurance in Moscow, ID

    1602 21st Ave. Lewiston, ID 83501. CLOSED NOW. From Business: Blue Cross of Idaho has been a leader in Idaho's health care industry since it began serving customers in 1945. With a reputation as one of the state's premier…. 20. Creaser, John, AGT. Health Insurance Insurance. Website.

  25. Farmers Insurance

    Whether you're looking for homeowners insurance, auto insurance, renters insurance, or another kind, I'm here to help you understand the insurance coverage you may want. Serving the Moscow, ID area since 1991, I can help you understand your coverage options so you can protect what matters most to you.

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  27. Small Business

    Top questions Employers Employees Agents & brokers Do I have to offer health insurance to my employees? Do I need Healthcare.gov to enroll in SHOP coverage? What's a plan year? Will my business be automatically re-enrolled in SHOP coverage each year? What if I'm self-employed? How do I make my SHOP insurance payments?

  28. There IS insurance specifically for small business owners ‼ ...

    35 Likes, TikTok video from Alexa | Insurance Broker (@insurancebyalexa): "There IS insurance specifically for small business owners ‼️watch the training at the top of my page to see your options #healthinsurance #insurance #healthcare #smallbusiness #smallbusinessowner #smallbusinesscheck". insurance. health insurance for small business owners health insurance for small business ...