Health Insurance for Small Business 2021: The Only Guide You'll Ever Need

OPTION ONE:  Employees Obtain their Own Coverage

It’s easier than choosing and administering a health benefit

CONS

Offering no health benefits can make it hard to attract new talent

PROS

OPTION TWO:  Small Group Health Insurance

PROS

CONS

Employer and employee contributions are both tax-deductible

Group coverage is not always more affordable than individual plans

OPTION THREE:  HRAs for Small Business

PROS

CONS

Employers can set the rules of their own HRA

HRAs require the employee to have their own individual  coverage

OPTION FOUR: Health Sharing Plans for Employees

PROS

CONS

Health sharing is one of the most affordable benefit options

Health sharing contributions are not tax-deductible