Small Businesses Must Be Both Cautious And Creative In Today's Choatic Health Benefit Market - Forbes

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Todd Hixton, contributor for Forbes, takes a look at how small businesses are faring under the uncertainty of healthcare these days. He poses the question, "What health benefit strategy makes sense for small businesses until the direction of the new administration becomes clear?"

Read the full original article from Forbes.

Hixton recommends the following strategies for small businesses to consider in this uncertain environment:

• Explore offering a health savings account (HSA): In combination with high deductible insurance, an HSA encourages employees to seek the healthcare they need (because there is money available) without overusing the system (because deductibles are high).
• Invest in wellness programs: These could be targeted at reducing chronic disease or getting employees to use digital tools that aid in lifestyle changes.
• Use commercial insurance: If your company is big enough to self-insure you can escape a great deal of regulation, and new offerings are bringing self-insurance to smaller companies.

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