If you’re running a small business, we know you care deeply about your employees. One of the most important roles a company can play in its workers’ lives is providing the appropriate health insurance plans for them and their families. But between ACA regulations, a sea of acronyms, and geographical limitations, it can be extremely difficult to decide which plans to offer your employees. That’s why we’re here to offer our SMB benchmark report– this is fresh Zenefits data, pulled from over 4,000 customers (small businesses with under 100 employees) on what health insurance packages they’re currently offering. Download our full report at the bottom, and browse through some of the highlights below:
From our data, SMBs overwhelmingly favor managed care strategies when offering health insurance benefits to their employers and very few choose to offer aggressive cost-sharing arrangements or savings vehicles.
According to our benchmark report, the West exhibited the largest drop in health savings accounts at 11%. This is likely because HMOs have become even more popular in this are, and health savings accounts pair with high deductible health plans, usually PPOs rather than HMOs.
The south is about twice as likely to offer “other” types of health insurance plans (40%) compared to the national average (22%). Those coverages, which reflect efforts to find alternative solutions in the Central U.S., include:
It’s a significant category, as well as a clear indicator of market innovation.
Want more information regarding premiums, contributions, coinsurance, deductibles and more? Download our full benchmark report below!