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GROUP HEALTH INSURANCE
If you own a business of between 2 and 50 people,
chances are you qualify for (and would benefit
from) a group health insurance plan. Health insurance
plan for small businesses has lots of benefits.
Besides providing medical care for yourself and
your employees, this health insurance plan helps
spread the financial risk between all the members,
which usually means lower premiums and more extensive
coverage for everyone. But group health insurance
has tax advantages too. Employer contributions
to a small business health insurance plan are
generally 100% tax deductible, and employees save
on payroll taxes. Small businesses are generally
eligible for group health insurance so long as
they can show two or more full-time taxable employees.
Although rate calculations vary both from state
to state and from company to company, the cost
of a group health insurance plan is based on the
characteristics of each member, including:
• age
• health status
• occupational hazard
• business and/or residential location
Employees of a business that offers group health
insurance are not compelled to join the plan,
but -->The group must maintain a minimum number of
insured (as few as 2 people, depending on the
policy) .
Click
here for FREE Group Health Insurance Quote.
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