Health Insurance Options for Small Business Owners

As a small business owner, providing health insurance for your employees is both a competitive advantage and a significant responsibility. Here's what you need to know about your options.

Small Business Health Options Program (SHOP)

SHOP marketplaces are designed specifically for small businesses with 1-50 employees. These plans often offer tax credits and competitive rates.

Group Health Insurance

Traditional group plans can be cost-effective for businesses with healthy employee populations. You'll typically need at least 2-3 employees to qualify.

Health Reimbursement Arrangements (HRAs)

HRAs allow you to reimburse employees for individual health insurance premiums and medical expenses, giving them more choice while controlling your costs.

Professional Employer Organizations (PEOs)

PEOs allow small businesses to join larger groups for better rates and more comprehensive benefits packages.