| Many business owners want to partner with employees to provide afordable health and dental coverage. This can be done with proper market review, comparison, and set up by your licensed health insurance professional. With small employer health plan rates becoming more stable, and a good variety of carriers, options, and provider networks, we are seeing more interest in small employer benefit programs. Also, with the small busines health care tax credit and other tax advantages, employer sponsored benefit programs can make more sense. Below are some ideas for business owners that may help you decide if you want to sponsor a group medical and dental plan;
- The individual open enrollment is closed. Group medical plans allow employees to purchase qualified health plans during the year and avoid the individual penalty.
- The small business health care tax credit can result in a 24 month tax credit for employers from 35%-50% of the employer contribution amount, if a qualified plan is purchased. Read more here.
- With a group health plan, employees may contribute for their premium on a pre-tax basis. This saves employees money and also can reduce the employer payroll tax liability. Read more about tax advantage plans here.
We can help with plan setup, employer/plan administrator orientation and training and more. Please let us know if you would like us to review your current benefit programs, of if you would like more information about group benefit programs. |
