The rising costs of Health care aren't just a problem for individuals—they've also impacted businesses that make health benefits a priority for their employees.
Small businesses have been particularly vulnerable. Between 19999 and 2016, the cost to cover one employee under group Health Insurance rose nearly 200 percent—from $2,196 to $6,435.
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These unsustainable costs, coupled with the hassle and one-size-fits-all nature of traditional group benefits, have caused many small businesses to look for alternatives. And while health care costs continue to grow, the good news is that small group options have as well.
In this post, we'll review five of the most popular health benefits solutions for small groups in 2018:
- Qualified small employer health reimbursement arrangements (QSEHRAs)
- Traditional group health insurance
- Integrated HRAs
- Health insurance purchasing co-ops
- Taxable stipends
We'll go over how they work, what advantages they offer, and what disadvantages a business might have to contend with should it choose thes options.
This post first appeared on Small Business Employee Benefits And HR, please read the originial post: here
