Health Insurance Options for Businesses
Centers for Medicare and Medicaid Services (CMS)
CCIIO Division of Small Business and Agent/Broker Innovation
Offering health insurance coverage is a major decision for businesses and they have many options available to help get their employees covered. When looking for a plan, businesses should carefully consider things like the costs, and the health services covered.
Some options may include:
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Offer a traditional group health insurance plan, like a plan purchased through the Small Business Health Options Program (SHOP) or otherwise from a private insurance company. Business owners can offer their employees one plan or a selection
of plans to choose from. Small employers (generally those with 1-50 employees) may be eligible to purchase coverage through SHOP, which is generally the only way for an eligible employer to claim the Small Business Health Care Tax Credit.
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Reimburse employees for qualified medical expenses through a Health Reimbursement Arrangement (HRA). This alternative type of group health plan allows employers to help their employees pay for medical expenses, including premiums for individual
coverage in some cases. There are different types of HRAs for businesses, including:
For more information, visit HealthCare.gov or contact a Marketplace assister, such as a navigator or licensed agent or broker. Some helpful resources are included below:
Contact one of our
SBA Resource Partners if you would like assistance evaluating your options for offering healthcare benefits to your employees.
Nominations Open for 2022 National Small Business Week Awards
Are you a small business owner or know of a small business with an amazing success story to tell?
If so, submit your nomination today! The deadline for submitting a full nomination package is: 2 p.m. CST / 1 p.m. MST, Tuesday, January 11, 2022.
For more than 50 years,
National Small Business Week has celebrated the achievements of America’s small businesses and the contributions they make to their local communities, and to the nation’s economy. National Small Business Week will be May 1-7, 2022.
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Upcoming Events:
Government Contracting Webinar: Legislative Update – Changes Effecting Government Contracting
Tuesday, January 4, 2022
Online
Government contracting laws and regulations often do not follow commercial contracting rules and are constantly changing. In this class government contract lawyer Tim Connelly will review recent court decisions and regulations impacting how small business government
contractors bid on, win, and perform contracts with government agencies, including important developments related to mandatory COVID contract clauses, small business compliance issues, and cybersecurity regulations.
U.S. Department of Transportation Bonding Education Program
Beginning January 2022
Online & Denver, CO
With the New Year fast approaching, what have you done to position your business for increased success? In this Building Business Capacity Program, you will hear from experts in construction accounting, construction law, estimating, project management, surety,
bonding, marketing and access to capital. This program is designed to help you take your company to the next level and is free to qualified businesses. Registration deadline is January 4, 2022.
Business Builders Webinar: How to Become the Employer of Choice
Tuesday, January 14, 2022
Online
One of the largest issues facing small businesses is how to recruit and keep employees. In the “2021 People Management Report,” the Predictive Index surveyed nearly 2,000 employees across more than 15 industries. According to the study, 48% of employees have
thought about changing careers in the past 12 months. This workshop will discuss options for small businesses to compete in the competitive labor market.
All of the SBA’s programs and services are provided to the public on a nondiscriminatory basis.
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