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Small business health insurance is a essential part of running a successful business that people want to work for. Here are a few reasons why you should offer health insurance to your employees.
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Why should you offer small business health insurance?
• It's no secret that starting and running a small business is expensive, and it can be easy to dismiss health insurance as an unnecessary cost to help stay within your budget. However, health insurance is a vital part of running a successful business that people want to work for. • Here are a few reasons why you should offer health insurance to your employees: thebenefitadvisors.com
Group coverage may cost less and cover more • Whereas a private plan offers coverage for less than you or your family, group insurance is insurance that companies purchase and offer to eligible employees and their dependents. • Health insurance offers certain advantages over individual insurance , including generally being cheaper and offering more extensive coverage. thebenefitadvisors.com
You may qualify for a tax credit • The purchase of health insurance for yourself and your employees can help you qualify for tax credits if you purchase a plan through the Small Business Health Options Program (SHOP) Exchange, an insurance portal created by the ACA. thebenefitadvisors.com
• You must meet the following requirements: o Have fewer than 25 full-time employees. o Offer health insurance to all full-time employees. o Pay salaries of less than $50,000 per full-time employee, on average, each year. o Front at least 50% of the premium cost. thebenefitadvisors.com
It can increase job satisfaction and recruiting success • Offering a health insurance option can greatly increase your chances of attracting and retaining top talent, as it shows that you care for and value your employees. • Healthy employees are productive employees, and the best way to ensure your employees remain so is to provide comprehensive health insurance. thebenefitadvisors.com
• Employees without insurance are less likely to get annual check-ups or visit the doctor when they're sick, which can cause them to get sicker and take time off work. • If you're self-employed with no employees, health insurance is a necessity that can help you protect yourself, your dependents and your business against a potentially disastrous illness. thebenefitadvisors.com
Independent Benefit Advisors • Small employers are generally defined as having fewer than 50 employees. Health insurance regulations for small businesses, ranging 15-50 employees, are different than those for large employers. • IBA provide expertise and service on small business health insurance to enable your company to meet your employee benefit goals. • We are your year round resource for employee benefit questions and strategies. thebenefitadvisors.com
Contact Us Address: 1121 Pemberton Hill Rd, Apex, NC 27502 Phone: (919) 303-9690 Toll Free: (888) 303-9690 Fax: (919) 303-9691 ID: john@thebenefitadvisors.com Website : Thebenefitadvisors.com thebenefitadvisors.com
(919) 303-9690 (888) 303-9690