As a business owner, providing adequate healthcare to your employees isn’t just a nice thing to do — it may be a requirement if you have over 50 full-time employees. But what happens when healthcare costs threaten to cripple your business? When traditional group health insurance premiums put an outsized strain on your budget, it […]
“ICHRAs are designed to give employers flexibility when offering a group health plan.” ~ Rebecca Yates, CEO of Ark Insurance Solutions Individual Coverage Health Reimbursement Arrangements, most commonly known as ICHRA plans, have become increasingly popular in some areas as a flexible alternative to group plans. And since they represent a significant shift in how […]
If you’re a small business owner and you’ve been waiting to offer a group health plan, now might be the perfect time. Until December 15th, the U.S. government has waived the Minimum Participation Rate (MPR) requirement as well as the minimum contribution requirement. This temporary waiver aims to make it easier and more affordable for […]
Health share plans and healthcare sharing ministries (HCSMs) are often marketed as “cost-effective alternatives to traditional health insurance.” However, as some Utahns are finding out, these plans have substantial limitations on coverage and lack the protections that ACA-approved health insurance plans provide. If you’ve ever researched healthcare plans for yourself or your family, you know […]
