Health Insurance Solutions for Small Businesses
(1 -49 Employees)
Empower Your Business with Flexible Health Insurance Solutions
At Breland Benefits and Insurance, we believe in empowering small business owners with control and flexibility when providing health insurance benefits for their employees. Our philosophy centers around offering a monthly allowance to employees rather than a percentage-based contribution, ensuring total cost control and customization for employers.
Why Choose a Monthly Allowance?
With a monthly allowance system, employers dictate the budget by setting a fixed allowance per employee. This approach remains consistent annually, eliminating the uncertainty of fluctuating costs due to rate increases. Employees then have the freedom to select the plan that best fits their needs and budget, reducing complaints and administrative burdens for the employer.
Individual Plans: The Ultimate Solution
We recommend individual health insurance plans for portability and guaranteed renewability until age 65 or Medicare eligibility. This removes the hassle of administering COBRA or State Continuation of Coverage for former employees and eliminates the need for annual reapplications.
Benefits of Individual Plans for Employers:
- Premiums remain stable and are not affected by specific claims or the employer's average age.
- Employers can contribute to premiums or not, allowing for budgetary control.
- Flat-rate contributions per employee simplify budgeting processes.
- No minimum participation requirements or adverse selection concerns.
- Lower costs compared to traditional group plans and Obamacare.
- Elimination of COBRA or State Continuation of Coverage administration.
- Guaranteed renewability provides long-term security for employees.
Why Individual Plans Are Cost-Effective:
Individual health insurance plans offer significant cost savings compared to group insurance due to their non-guaranteed issue nature. This means each employee must qualify medically, resulting in lower premiums. Individual plans are typically underwritten based on a much larger risk pool than group plans. Additionally, some individual plans do not comply with the expensive ACA mandates further reducing costs.
Make the Switch Today
Transitioning to our health insurance program is seamless and hassle-free. For personalized guidance on getting started, contact Darryl Breland at 601-624-2424.
Empower your business and provide your employees with the benefits they deserve. Call us today to discover the difference individual health insurance can make for your small business.