What Small Businesses Need to Know About Offering Competitive Benefits Without Breaking the Bank

If you’re a small business owner, you may have been told that providing employee benefits is too expensive or too complex. But the truth is, there are smart, budget-friendly ways to offer competitive benefits that attract and retain great talent.

At S+H Benefit Solutions, we specialize in working with businesses under 300 employees—and many of our clients have fewer than 50. We've helped local businesses structure plans that work for their budget without sacrificing coverage.

Here are a few ways to make benefits affordable:

• Use a High Deductible Health Plan (HDHP): When paired with an HSA or HRA, these plans offer cost savings and flexibility.

• Explore community-rated options: Especially in industries like education or non-profits, these plans can reduce costs significantly.

• Bundle services: Pairing health with dental, vision, and life can lower premiums.

• Take advantage of tax credits: Small businesses may qualify for the Small Business Health Care Tax Credit if certain criteria are met.

  
  

You don’t need to be a big company to offer great benefits. You just need the right partner who can tailor solutions to your needs.

Think your business is too small for a robust plan? Let us show you how to make it possible.