Healthcare Sharing Plans for small businesses are a simpler, more affordable way to create a benefits package. They can be more affordable than group insurance, and they’re easier to set up for as few as 2 employees.

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Key Points: Healthcare Sharing for Small Business

1. Providing an employee health benefit can boost your company’s bottom line by increasing productivity, reducing turnover, and helping to attract top talent.
2. Healthcare Sharing Plans are a low-cost and flexible alternative to health insurance. Healthshare programs are now available for small groups.
3. There are multiple healthshare companies to choose from. This gives small employers the ability to provide an affordable, customizable health benefit.
4. The three Health Care Sharing Ministries with the best small business programs include MPB Health, OneShare, and Sedera.

Why Healthcare for Your Small Business is a Good Idea

In today’s employment market, there is no single perk or benefit that holds as much weight as healthcare. As health insurance premiums continue to rise across the country, employees are desperately seeking jobs that can help them afford the cost.

But employees aren’t the only ones who benefit from having a healthcare option. Employers can take advantage of the following benefits as well:

Benefit: Reduce Employee Absenteeism

Healthy employees are more present, and then to be more productive while they’re at work. In addition, healthy employees are less prone to accidents that can cost your company time and money.

Benefit: A Stronger Benefits Package Means Less Turnover, Better Candidates

The better your benefits package is, the less likely your employees are to start looking for a job. Similarly, your group healthshare plan can serve as a valuable, effective recruiting tool. Other businesses of your size and industry might not have a comparable option, and this will make it easier to hire the person that you need for the job.

Benefit: Healthshare Plans Have No Minimum Employer Contribution

Unlike many group health insurance plans, healthshare programs do not have a minimum contribution amount for employers. This makes it easy to set your monthly per-employee contribution at a level that is right for your company.

Benefit: Group Health Sharing is More Affordable for the Employee    

For employees who don’t qualify for a health insurance subsidy in the individual market, group healthshare programs can be 30-50% the cost – not counting any employer contribution. This can save your people thousands of dollars a year over an individual insurance plan.

Benefit: There’s No Minimum Enrollment Requirement

Most group healthcare plans require you to enroll a certain number of employees to be eligible. That’s not the case with small business healthshare plans. Whether you have 2 employees or 50, you can bring on as many people as you’d like.