Healthcare for Small Business Owners

This post may contain affiliate links, which means if you enroll through my link, I’ll receive a small commission at no extra cost to you.

As a Business Owner, you need affordable healthcare for you and your employees. Most business owners think that Health Insurance is the only solution. However, there is a healthcare solution that works effectively for your employees and saves everyone money at the same time. I am talking about Medical Cost Sharing, also known as a “Health Share”.

What is a Health Share?

A Health Share is a non-profit organization where healthcare costs are shared among members who have common beliefs. Health Shares are a proven and effective alternative to Health Insurance. They have been around for forty years!

Health Share members have a common goal of sharing in one another’s medical expenses. A Health Share provides an organized way of making this happen.

How does a Health Share work?

Members contribute money each month to the Health Share community to help those in need. When they have an eligible medical need, they pay their member responsibility amount (which is comparable to a deductible) and then the Health Share community pays for the rest of the eligible medical needs.

Is Joining a Health Share right for My Business?

Generally speaking, Health Share plans are designed to help members with larger unexpected medical expenses. That means that smaller medical bills that are less than the chosen member responsibility amount, would be paid by the member. 

For most people, a Health Share is still a great alternative to Health Insurance. In the long run, members save money each month and still have that security knowing that larger eligible medical bills will be “shared” once the member responsibility is paid.

The Best Health Share Plans For Small Business Owners

A Health Share is a fantastic way to provide affordable healthcare benefits to employees. Health Shares save members an average of 30-60% on their healthcare costs (when compared to traditional Health Insurance).

The Health Share that I recommend for Small Business Owners would be Zion HealthShare. Here’s why:

• Zion HealthShare is a secular, or non-religious, Health Share, which makes it available to everyone to join.

• There is no “open enrollment” period, which means you can enroll your employees all throughout the year.

• There are no contracts. Members are month-to-month and can cancel at any time.

• Members can take advantage of customizable add-on solutions to fit their needs.

• Individuals can enroll in Zion HealthShare and enjoy a combined bill managed through their business, organization, or association. Two Zion HealthShare households are required to set up a combined bill. Employers can set up automatic payroll deductions and pay optional contributions towards their employees’ Zion HealthShare memberships.