Small Group Benefits: A Smart Solution for Small Teams

Imagine being a small business owner, juggling multiple responsibilities while striving to provide your team with valuable health benefits. It can feel overwhelming to navigate the myriad of insurance options by yourself. However, small group benefits simplify this process, offering an affordable and efficient solution for your lean team.

Cost Efficiency

Small group health insurance can be more affordable than individual plans. By pooling risk among employees, costs are collectively reduced. Employers typically contribute to premium costs, further lowering out-of-pocket expenses for staff.

Enhanced Coverage Options

Small group plans often offer more attractive coverage than individuals can find alone. These plans provide comprehensive benefits that might be broader and more appealing.

Tax Advantages

Eligible small businesses can benefit from the Small Business Health Care Tax Credit, allowing them to receive up to 50% off premium costs. Nonprofits can benefit as well, with a reduction of up to 35%.

Employee Satisfaction and Wellness

Reliable health coverage boosts employee morale and retention, while supporting overall wellness. The assurance of dependable health benefits contributes positively to workplace satisfaction.

Eligibility Simplicity

Your business can qualify for group benefits with just two employees, including the owner. This accessibility makes it a viable option for even the smallest teams.

As a small business owner, consider whether small group benefits could be the right fit for your team. Remember, it's not a decision you have to make on your own—expert guidance is available to help you compare plans and choose the best option. Offering group benefits doesn't have to be complex or costly. Reach out for a personalized review of your options.

For 2025, be aware of the increase in premiums, which are rising around 9.4%. Keep in mind other flexible options like QSEHRA, allowing for tax-free reimbursement of health expenses. As industry demands evolve, these benefits remain a reliable way to support and enhance your team’s well-being.