HCapStrategy
Health Insurance for Small Businesses
Base Health Insurance Plans and a HealthShare Eliminate High Premiums & High Deductibles while Increasing Health Savings Account Contributions or We Can Help w/ Traditional Group Plans and Open Market Plans. At HCapStrategy, we understand the challenges small businesses face in providing healthcare benefits while managing costs effectively. Whether you’re navigating through different plan types or exploring cost-saving strategies, we’re here to help you make informed decisions that prioritize both your business’s success and your employees’ well-being.
We can help you obtain affordable, effective health insurance
Get Innovative with HCap!
Save thousands and get a better benefit than traditional insurance by combining Base Health Insurance + a HealthShare + a Health Savings Account. Our rates typically INCLUDE $'s going into your Health Savings Account.
Health insurance for small businesses is crucial for several reasons. Firstly, it helps attract and retain talented employees by offering valuable benefits that contribute to their overall well-being. This, in turn, enhances employee satisfaction and loyalty, crucial for maintaining a motivated workforce. Secondly, health insurance coverage provides financial protection to both employees and employers against unexpected medical expenses, ensuring that healthcare needs are met without compromising the business’s financial stability. Additionally, offering health insurance demonstrates a commitment to corporate responsibility and enhances the company’s reputation within the community and industry. Ultimately, investing in health insurance for small businesses is not just about compliance—it’s about fostering a healthier, more resilient workforce and positioning the business for long-term success. Unlike most traditional insurance, we can design a plan that costs you very little to offer health insurance for your employees.
Why Health Insurance for Small Businesses Matters
Here’s a breakdown of our coverage costs:
Key Features of Our Health Insurance for Businesses:
Flexible Coverage Options:
Health insurance plans for small businesses offer customizable options tailored to fit the specific needs and budget of the company. From basic medical coverage to additional benefits like dental and vision care, these plans allow businesses to select the best combination of coverage for their employees.
Cost Effective Solutions:
Small businesses often have limited resources, making cost-effectiveness a priority. Health insurance plans for small businesses are designed to offer competitive rates and cost-saving opportunities, helping businesses provide valuable benefits without straining their finances.
Employee Wellness:
All HCap Strategies include wellness programs aimed at promoting employee health and reducing long-term healthcare costs. These programs may offer incentives for preventive care, health screenings, and initiatives to support healthy lifestyles among employees.
Accessibility:
Small businesses benefit from the flexibility of health insurance plans that cater to varying employee needs. Whether it's adjusting deductibles, choosing between different plan types like HMOs or PPOs, innovative offerings or adding supplemental coverage options, these plans provide flexibility to accommodate the diverse needs of a small business workforce.
Who We Work With:
Better HSA and medical benefits administration, at a fraction of a cost
- Base health
- ACA Compliance
- Health Savings Acct or Copay
- Telemedicine
- Dental
- Vision
- Mental Wellness
- 401k
Sharing risk and avoiding financial tragedy from unexpected health events
- hospitalization
- Surgery
- Accident/Injury
- Critical Illness
- Maternity
- Low out of pocket
- Affordable
- No deductibles
Lower premiums, better benefits, and smarter insurance.
- Cost Savings
- Better Benefits
- Get Motivized!
- HSA’s
HSAs Gives You the Control!
To Help You Benefit and Grow
As a business owner, we can help you and your employees benefit from and grow a Health Savings Account (HSA) all while providing great health care options that reduce health risk.
Interested in Open Market Plans?
Depending on employee income, the open market may provide insurance for little to no cost. Because of this, our strategy for you may include an option for your employees to fully utilize the open market. Let us show you how.
Take the Next Step
Your next step is to call us at 435-239-3154 or message us below so we can help you with the details. <br>It really can be that easy!
Get Affordable Health Insurance Now
Choosing Health Insurance for Small Businesses: A Three-Step Guide
1. Assess Your Business's Healthcare Needs and Budget
Begin by evaluating your business’s specific healthcare requirements and financial capabilities. Consider factors such as the size and demographics of your workforce, their healthcare preferences, and the level of coverage needed. Determine a budget that balances affordability with comprehensive coverage, ensuring the chosen plan meets regulatory requirements and the healthcare needs of your employees.
2. Compare and Evaluate Health Insurance Plans
Let us help you research and compare health insurance plans from multiple providers to find one that aligns with your business’s needs. We will help you evaluate each plan based on key criteria such as coverage options, network of healthcare providers, deductibles, copayments, and out-of-pocket costs. We can suggest plans that offer flexibility and additional benefits like dental and vision care, catering to the diverse needs of your small business workforce.
3. Seek Expert Guidance and Employee Input
Navigating the complexities of health insurance can be challenging for small business owners. Consider consulting with insurance experts like us, specializing in small business health insurance, to gain insights and explore available options. Additionally, we can help you solicit feedback from your employees to understand their healthcare priorities and preferences. Their input can help you tailor the chosen plan to better meet the needs and expectations of your workforce.
Compare Us To Traditional Health Insurance Plans
| Comparison | Traditional Insurance | HCap Strategy |
|---|---|---|
| Has a Monthly Premium | ||
| Has a Monthly Membership Rate that is likely substantially less than a premium | ||
| Provides protection against expensive health events | ||
| Usually have to continue to pay for expenses after your deductible is met through coinsurance | ||
| Once you pay your Initial Unshareable Amount (IUA) all other expenses are covered for this event | ||
| Very likely that your max out of pocket will be substantially less with an event | ||
| Covers preventative doctor visits | ||
| Has terms like Deductible, Coinsurance, Premiums Etc | ||
| Has terms like IUA, Monthly Membership Rate | ||
| Can address pre-existing conditions | ||
| Has prescription drug benefit | ||
| Provides a Heath Savings Account (HSA) benefit | ||
| Has an option to add a Dental plan | ||
| Has an option to add Vision plan | ||
| Has Consolidated Billing | ||
| Generally requires you to use a specified "network" for best procedure price | ||
| Gives you more control over deciding where to have a procedure performed | ||
| Will work with the doctor, hosptial, surgical center to pay your bill for you | ||
| When at the hosptial, you present yourself as a "Self Pay" customer | ||
| Does the best job at finding the best value for surgeries, procedures and care | ||
| Eliminates a lot of expense entailed with Traditional Insurance | ||
| Includes a death benefit automatically for no additional cost | ||
| Includes a Wellness Program called Doable Wellness that incentivizes healthy behaviors and includes an invitation for quarterly Body Scans. | ||
| Included incentive for proactive healthy behaviors like exercise, healthy eating, mindfulness activities and more using Doable Wellness | ||
| Provides The Dinnerhub to simplify getting Healthy Dinner on the Table | ||
| Provides The Exercisehub for at home Doable Workouts |
Small businesses shouldn’t put off getting health insurance—it’s a game-changer for several reasons. First off, offering health coverage helps you attract and keep top talent. It shows you care about your team’s well-being, which boosts morale and loyalty. Plus, having insurance protects both you and your employees from unexpected medical bills that could otherwise hit hard. It’s not just about being prepared—it’s about being a business that cares and stands out in your community.
At HCapStrategy, your health is our priority. Let us help you navigate the complex world of health insurance and provide you with the peace of mind you deserve.
Health Insurance for Small Business FAQs
Health insurance is crucial for small businesses because it helps attract and retain talented employees by offering valuable benefits. It also protects both employees and employers from high medical costs, ensuring financial stability and peace of mind.
Small businesses have access to a variety of health insurance plans, including Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), and High-Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs). Each plan type offers different levels of coverage and cost-sharing options.
Choosing the right health insurance plan involves assessing your business’s healthcare needs, budget constraints, and employee preferences. It’s advisable to compare plans from different providers, considering factors like coverage options, network of healthcare providers, and affordability.
Yes, small businesses can often deduct the cost of health insurance premiums as a business expense. Employees typically contribute to premiums on a pre-tax basis, reducing taxable income for both parties. Consulting with a tax advisor can provide further insights into potential tax advantages related to health insurance.