Health insurance is costly for business owners, but there are ways to provide coverage without overspending. Start by exploring available plans, focusing on HMOs and EPOs for lower costs. Educate employees on using their insurance wisely, and consider HSAs and FSAs for tax benefits. Utilize virtual care options to save time and money. Level-funded plans can reduce premiums significantly, while voluntary coverage adds value at no cost. Finally, promoting wellness can lead to healthier employees and lower overall costs.
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