Business Health Insurance
At Junkin & Co., our dedicated financial specialists bring decades of in-depth industry expertise, delivering tailored financial solutions for you and your business.
Empower Your Team, Grow Your Business
Group health insurance allows Ohio business owners to provide affordable health coverage to their employees and dependents. In 2026, with rising healthcare costs and regulatory changes, selecting the right plan is essential to attract talent, manage expenses, and comply with state and federal regulations. That’s where we come in.
Plan Types
Fully Insured Plans: Premiums paid to carriers like Anthem, UnitedHealthcare, or Medical Mutual; predictable costs but less customization.
Self-Funded or Level-Funded Plans: Ideal for stable groups; pay claims as they occur with stop-loss protection; potential for refunds if claims are low. Available through programs like the Ohio Chamber Health Benefit Program (for members, savings up to 25%).
High-Deductible Health Plans (HDHPs): Pair with Health Savings Accounts (HSAs) for tax advantages; lower premiums but higher out-of-pocket costs.
HRAs (ICHRA/QSEHRA): Reimburse employees for individual marketplace plans; flexible for remote or variable workforces; QSEHRA for under 50 employees without a group plan.
Ancillary Benefits: Add dental (PPO/DHMO), vision, life/AD&D, short-term/long-term disability, and FSAs for comprehensive packages.
2026 Updates and Trends
Rate Increases: Expect 9-20% premium hikes due to medical cost inflation and expiring federal subsidies; individual market averages +19.8%.
Marketplace Changes: Stricter eligibility, end of auto re-enrollment, and expanded catastrophic plans for unsubsidized individuals.
Due to inflation and subsidy changes, businesses can offset costs through Health Reimbursement Arrangements (HRAs) such as ICHRA or QSEHRA, allowing employees to buy individual plans tax-free.
Providing health coverage is a significant decision for your business. To find a plan that works well for both your company and your employees, carefully evaluate key factors such as the cost to you and your employees, as well as the range of health services included in the plan.
Benefits of Offering Group Health Insurance
Providing group health insurance offers several advantages for employers and employees:
Tax Incentives: Small businesses with fewer than 25 full-time equivalent employees and average wages under $56,000 may qualify for a federal tax credit up to 50% of premiums paid (phasing down for larger groups).
Employee Retention and Recruitment: Competitive benefits packages, including medical, dental, vision, and life insurance, help retain top talent in a tight labor market.
Cost Savings: Group plans often have lower premiums than individual policies, with options like self-funded or level-funded models for predictable budgeting.
Compliance and Flexibility: Meets Affordable Care Act (ACA) requirements; includes telehealth coverage at no extra denial based on modality, and state continuation (mini-COBRA) for up to 12 months for groups under 20 employees.
Healthier Workforce: Access to preventive care reduces absenteeism and boosts productivity.
INSURANCE PLANNING
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Whether you are refining your estate strategy, optimizing insurance coverage, or planning for financial independence, our team is equipped to provide the guidance you require. Reach out to initiate your personalized plan.