What are the benefits of providing group health insurance to my employees?
It's no secret that employees value health insurance benefits. You may find it easier to hire and retain the best staff by offering health insurance benefits.
As a business owner, you may not have health insurance coverage. You may have considered shopping for an individual health insurance plan…did you know that by obtaining insurance through a group plan, you may get better rates than through an individual plan?
There are many tax incentives available when you participate in a group health insurance plan. For example, businesses can generally deduct 100% of the premiums they pay on qualifying group health plans and, by offering group health insurance as part of a total compensation package, you may be able to reduce payroll taxes. Plus, your employees can pay their portion of the monthly insurance premium with pre-tax dollars.