Small businesses have reached the ultimate level of frustration when attempting to deal with soaring employee health costs. According to the Kaiser Family Foundation, costs for employers with 3 to 199 workers jumped approximately 10% last year. This was even higher than the 9% jump in costs for companies with 200 + employees.
If you are looking for possible avenues that can assist you with your business health care need consider:
(1) Insurance brokers – can customize plans for small firms. Typically deal with multiple carriers to secure the best rate.
(2) Insurers – will provide discounts for owners starting on-the-job worker “wellness” programs.
(3) Professional employer organizations – can combine dozens of small firms into big employee groups for discounted rates.