5 Reasons to offer your Small Business employees Health Insurance

You may be surprised to learn that there are many ways that small business health insurance can help your company operate more strategically, efficiently and effectively. Not only does a small business health insurance plan benefit employees, but employers might find that there are plenty of ways that a group plan helps them out as well.

1. Improve your hiring and recruiting of new employees-offering a robust benefits package to potential and current employees sets your business apart from competitors.
2. Tax Incentives- Businesses can deduct the cost of premiums from their federal business taxes and some small businesses may qualify for a tax credit.
3. Lower premiums- Group plans tend to be cheaper on average than an individual plan.
4. Happier Healthier employees-When employees have group health insurance, they gain greater access to medical resources. Consequently, workers can rest assured that they can rely on their health care plan in case of a catastrophic illness or emergency.
5. Pre-tax benefit for employees-With items like a high deductible plan (HDHP), combined with a health savings account (HSA), allowing you to pay for certain medical expenses with money free from federal taxes.