Does My Business Qualify For A Health Insurance Tax Credit? If you’re a small business owner, you may be wondering if you qualify for a health insurance tax credit. The good news is that many small businesses are eligible for this credit, which can help offset the cost of providing health insurance to your employees.…
Risk Assessment – Small Business Group Health Insurance Assessing risk can be long-drawn-out when owing a small business. If you want to expand and grow your small business, you’ll need to offer health insurance. It can help you attract and retain better personnel, increase productivity by keeping everyone healthy and save money through tax credits…
3 Health Benefit Options For Small Businesses With One Employee 1.) Health reimbursement arrangement (HRA): An HRA is a tax-advantaged account that allows employers to reimburse employees for their health care expenses. The employer sets up the HRA and contributes money to it, and the employee can then use the money to pay for…
Advantages of Group Medical Insurance for Small Business There is a myriad of reasons Group Medical Insurance has precedence over most plans. The only issue business owner’s face is attracting and retaining the best employees. Numerous surveys have shown offering a comprehensive benefits package that includes healthcare coverage is important. In fact, one survey even showed…
Difference Between Medicare Advantage & Medicare Supplement Plans Medicare Advantage plans (also known as “Part C”) and Medicare Supplement plans (also known as “Medigap”) are both options for individuals who are enrolled in Original Medicare (Part A and Part B). Medicare Advantage plans are offered by private insurance companies and provide an alternative way to…
Sole Proprietor Health Insurance As a sole proprietor, you are your own boss and you are responsible for your own health insurance. There are a few different options available to you, including: Individual health insurance: This is the most common option for sole proprietors. You can purchase a plan directly from an insurance company or through…
The Different Types of Group Health Insurance When you’re searching for a group health insurance plan for your business, you need to know which ones benefit you the most. While one may look good at first glance, there may be conditions that make it less than ideal. Before you decide on a plan, know which…
What’s the Difference Between Group Health Insurance and Other Types of Insurance Plans? When you need insurance, the options can be overwhelming. How do you know what type of insurance plan you need? Which one suits you and your family’s needs? And what’s the difference between group health insurance and other types of insurance plans?…
Group Health Insurance Basics for Small Business Owners As a small business owner, you want to take care of your employees. Not all small businesses are required to provide insurance. But providing insurance even if you aren’t mandated to can benefit you and your employees. Before you make your decision, you should understand the group…