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Why Small Employers Are Dropping Group Health

Posted by Bobby Brown on December 18, 2023 - 10:49pm


With the cost of providing health insurance to a single employee and family now nearly $24,200 per year, business owners across the country are scrambling to find more affordable and cost-effective solutions to providing health benefits to their teams. It’s time to look at Impact Health Sharing For Small Business

 

Traditional health insurance plans often come with hefty premiums, co-pays, and deductibles, making it increasingly unaffordable for small business owners to offer the best coverage.

The result is that many employees are left with inadequate protection and financial burden.

And many small employers are finding a viable alternative to conventional health benefits planning by dropping group health altogether.

Instead, these forward-thinking employers are combining a rapidly emerging tools: Impact Health Sharing For Small Business

In today’s environment, these are two game-changing options that are transforming the way businesses approach healthcare benefits.

The end result: Your employees will still have a competitive health plan that suits their needs for major medical events as well or better than a standard, one-size-fits-all traditional group health insurance policy.

And thanks to the Impact Health Sharing part of your benefits package, your employees will also actually have improved access to primary care services.

All at a lower cost than a traditional group health insurance policy, with less administrative overhead for you as a plan sponsor, and lower fiduciary risk.