Updated July 2026 · UtahPlanFinder.com — Licensed Health Insurance Producer (NPN #21249133)

Small Business Health Insurance for Accounting & Tax Firms in Murray, Utah

Small accounting and tax firms in Murray can choose between traditional group plans or individual plans via HealthCare.gov, often with an ICHRA or QSEHRA.
In 2026, 5 carriers offer marketplace plans in Murray's Rating Area 3, providing HMO and EPO network options.
Employer contributions to health insurance are typically 100% tax-deductible for the business, whether for group plans or HRA reimbursements.
Murray, with a population of 50,188, has a median household income of $90,746, and 7.1% of its residents are uninsured.

For small accounting and tax firms in Murray, Utah, securing comprehensive and affordable health insurance for your team is crucial for attracting and retaining talent. Whether your firm is a solo operation or a growing team of tax professionals, understanding the local health insurance landscape and available options is the first step. In Murray, located within Salt Lake County, you'll navigate a market with specific carrier offerings and plan types through HealthCare.gov. The best strategy for your firm will depend on your budget, number of employees, and desired level of coverage and flexibility.

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What Are Your Health Insurance Options as a Small Accounting Firm in Murray?

Small businesses in the accounting and tax industry in Murray have several pathways to provide health insurance, each with distinct advantages for employers and employees.

Traditional Group Health Plans: If your firm has two or more employees (not including the owner), you may be eligible for a small group health plan. These plans are purchased directly from an insurer or through a broker and typically require the employer to contribute a percentage of the premium. Group plans simplify benefits administration and offer a consistent benefit package for all employees, often with broader networks than individual plans. In Salt Lake County, major health systems like Intermountain Medical Center in Murray are commonly in-network for group plans.

Individual Marketplace Plans with HRAs: For very small firms, or those seeking more flexibility, individual health insurance plans purchased through HealthCare.gov are a strong option. Utah uses HealthCare.gov as its federal marketplace. Employers can then reimburse employees for their premiums and qualified medical expenses using a Health Reimbursement Arrangement (HRA). The two main types are:

Qualified Small Employer HRA (QSEHRA): For firms with fewer than 50 full-time employees that don't offer a traditional group plan. Employers can reimburse employees tax-free for individual health insurance premiums and medical costs, up to a certain annual limit.
Individual Coverage HRA (ICHRA): For firms of any size. This allows employers to offer tax-free reimbursements for individual health insurance premiums and medical expenses. Unlike QSEHRA, ICHRA has no contribution limits and can be offered alongside a traditional group plan to different classes of employees.

Both QSEHRA and ICHRA allow employees to choose a plan that best fits their personal health needs from the HealthCare.gov marketplace, where they may also qualify for premium tax credits based on household income.

Understanding Plan Types and Carrier Availability in Murray

When exploring health insurance in Murray, it's essential to understand the types of plans available and the local carriers. In Utah, the HealthCare.gov marketplace offers Health Maintenance Organization (HMO) and Exclusive Provider Organization (EPO) plans. PPO plans are not available on-exchange in Utah, a key distinction from some other states.

As of 2026, 5 carriers offer marketplace plans in Rating Area 3, which covers Davis, Salt Lake, Summit, Tooele, and Wasatch counties. This means small business owners in Murray have choices from:

BridgeSpan Health Company
Imperial Health Plan of Utah
Regence BlueCross BlueShield of Utah
Select Health
University of Utah Health Plans

Each of these carriers offers a range of HMO and EPO plans across different metal tiers (Bronze, Silver, Gold), allowing firms and their employees to select coverage that balances premiums, deductibles, and out-of-pocket costs.

Navigating Costs and Tax Advantages for Your Firm

The financial implications of providing health insurance are a major consideration for accounting and tax firms. Understanding potential costs and tax benefits can help you make an informed decision.

Employer Contribution: For group plans, employers typically pay a portion of the premium (e.g., 50% or more for employees, less for dependents). For HRAs, the employer sets the reimbursement amount. These contributions are generally tax-deductible for the business.

Employee Costs: Employees will pay their share of premiums, deductibles, copayments, and coinsurance. On the HealthCare.gov marketplace, employees may qualify for premium tax credits (subsidies) if their household income is between 100% and 400% of the Federal Poverty Level (FPL), significantly reducing their monthly premium burden. Utah expanded Medicaid in 2020, so individuals with income up to 138% FPL may qualify for Utah Medicaid.

Tax Benefits:

For Group Plans: Employer-paid premiums are typically 100% tax-deductible as a business expense. Employee contributions are often pre-tax, reducing their taxable income.
For HRAs (QSEHRA/ICHRA): Reimbursements provided by the employer are tax-deductible for the business and tax-free for the employees, provided the plans meet IRS guidelines. This allows employees to pay for individual plans with pre-tax dollars.
Small Business Health Care Tax Credit: Small businesses with fewer than 25 full-time equivalent employees, paying average wages of less than approximately $60,000, and contributing at least 50% of employee premium costs, may be eligible for a tax credit up to 50% of the employer-paid premiums.

Typical Monthly Premiums for an Individual in Murray (Age 40, Non-Smoker, 2026 Estimates)

Metal Tier	Avg. Monthly Premium (Before Subsidies)	Key Features
Bronze	$350 - $450	Lowest premiums, highest deductibles. Good for catastrophic coverage.
Silver	$480 - $600	Moderate premiums and deductibles. Eligible for Cost-Sharing Reductions (CSRs) if income is below 250% FPL.
Gold	$580 - $700	Highest premiums, lowest deductibles. More predictable out-of-pocket costs.

Note: Premiums are estimates and vary based on age, plan, and specific carrier. Subsidies can significantly reduce these costs for eligible individuals.

Choosing the Right Path for Your Murray Accounting Firm

The decision for your Murray-based accounting or tax firm hinges on several factors:

Firm Size: If you have 2-50 employees, a traditional group plan might be feasible. If you're a solo practitioner or a very small team, individual plans with an HRA may offer more flexibility.
Budget: Evaluate your firm's financial capacity for premium contributions or HRA reimbursements.
Employee Needs: Consider whether your employees prefer a standardized group plan or the flexibility to choose their own individual plan.
Tax Strategy: Both group plans and HRAs offer significant tax advantages. Consult with a tax professional to determine the best approach for your specific business structure.

Salt Lake County, home to Murray, is a vibrant economic hub with a population of 1,196,523. The county's median income is $97,494, and its uninsured rate stands at 9.2%, per U.S. Census Bureau ACS 2024 5-year estimates. Intermountain Medical Center, a major acute care hospital in Murray, is part of a broader network of 10 hospitals in Salt Lake County, including University of Utah Hospital and Clinics and LDS Hospital in Salt Lake City. These local facts highlight the diverse healthcare needs and robust provider options available to residents and small businesses in Rating Area 3.

Frequently Asked Questions

What are the main health insurance options for small accounting firms in Murray?

Small accounting and tax firms in Murray, Utah, primarily have two options: traditional group health plans (if they meet minimum participation requirements) or individual marketplace plans through HealthCare.gov, often supplemented with a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) or Individual Coverage Health Reimbursement Arrangement (ICHRA) to help employees pay for individual premiums.

Can I get a tax deduction for offering health insurance to my employees?

Yes, premiums paid by an employer for a group health plan are generally 100% tax-deductible as a business expense. If you use a QSEHRA or ICHRA to reimburse employees for individual plans, the reimbursements are also typically tax-deductible for the business and tax-free for the employees, provided certain IRS rules are met.

How many employees do I need to offer a group health plan in Utah?

In Utah, small employers with 2 to 50 employees are generally eligible for small group health insurance. However, carriers often require a minimum participation rate (e.g., 70% of eligible employees enrolling) and that at least one employee (other than the owner) enrolls in the plan.

Are PPO plans available on the marketplace in Murray, Utah?

No, PPO plans are not available on the HealthCare.gov marketplace in Utah. Small business owners and their employees shopping on-exchange in Murray will find HMO and EPO network plans from carriers like Select Health and Regence BlueCross BlueShield of Utah. PPO options may be available off-marketplace, but typically without premium subsidies.

Get Your Free Quote

Navigating the complexities of small business health insurance can be challenging, but you don't have to do it alone. A licensed health insurance producer specializing in Utah's market can help your Murray accounting or tax firm compare options, understand eligibility, and select the most cost-effective plan for your employees. Get personalized guidance and a free, no-obligation quote today.