10 Affordable Small Business Health Insurance Plans

3) The pros and cons of self-insurance

The pros and cons of self-insurance

With a self-insurance plan, small businesses pay out of pocket for their employees’ health care and either absorb or pass on to their workers any premium increases. The upside is that self-insured companies don’t have to worry about employee wellness. The downside is that if your employees rack up high medical bills, you could be on the hook for them—not exactly something most business owners want hanging over their heads.

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