How Small Businesses Can Afford Group Health Plans
Many Oklahoma small business owners want to offer group health insurance but worry about costs. The good news is that with the right strategies, even smaller companies can provide quality benefits without breaking the bank.
Ways to Reduce Costs
- Level-funded plans: Hybrid options that refund employers if claims are low.
- Professional Employer Organizations (PEOs): Pool resources with other businesses to lower costs.
- Tax credits: Businesses with fewer than 25 employees may qualify for ACA credits.
- Cost sharing: Employers and employees split premiums to balance affordability.
Benefits of Group Plans
Group plans provide employees with better coverage at lower costs than individual plans. They also increase loyalty and reduce turnover, saving employers money in the long run.
Anchor’s Advantage
Anchor Financial Group specializes in helping Oklahoma small businesses customize affordable group health plans, often saving employers thousands annually.
Group health insurance is possible for small businesses. Anchor shows Oklahoma employers how to make it work.
Request a small business benefits review
See Similar post : https://myanchorgroup.com/what-is-group-health-insurance-and-how-does-it-work/