{"id":6875,"date":"2019-12-10T14:53:26","date_gmt":"2019-12-10T14:53:26","guid":{"rendered":"https:\/\/todaysveterinarybusiness.com\/?p=6875"},"modified":"2022-06-15T17:45:10","modified_gmt":"2022-06-15T17:45:10","slug":"3-employee-health-insurance-options-for-small-practices","status":"publish","type":"post","link":"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/3-employee-health-insurance-options-for-small-practices\/","title":{"rendered":"Employee health insurance and the small practice owner"},"content":{"rendered":"

2020 is just around the corner, and with the new year come changes to health insurance standards and employee expectations. As insurance spending continues to increase year over year, small veterinary practices often struggle to compete with larger practices for top talent.<\/p>\n

Below is a summary of the top three health care options that a small veterinary practice can use to attract and retain nurses<\/a>, technicians and other staff.<\/p>\n

1. Health Reimbursement Arrangements (HRAs)<\/h3>\n

Under this option, the employer does not pay insurance premiums directly. Instead, an employee\u2019s premiums and other IRS-approved expenses are reimbursed.\u00a0The primary benefit of using an HRA is tax savings. Neither the employer nor the employee has to pay payroll or income taxes on the reimbursement sums.<\/p>\n

Here are the three most popular HRAs that cater to specific business structures and insurance types:<\/p>\n