Business Insurance Store

Many small businesses are starting out without group health insurance these days, partly because premiums are sky rocketing. Indeed, if the owner and employees have access to invididual insurance or a spouse’s group plan, business owners are choosing to leave out this important benefit. This may be a sensible short term move.

However, if you business grows, the lack of a health plan can limit you. Group health insurance is a benefit that will attract and retain many quality employees. A group plan also shows that you, as an employer, care about your employees. A group health insurance plan can also provide your business with important tax deductions, which in effect, make it cheaper in real dollars to provide.

You will, of course, have choices in copay and deductible amounts. If you cannot afford a Cadillac health plan, then you still may be able to afford a Dodge! The addition of an indexpensive accident plan or supplemental sickness policy may allow you to choose a very affordable high deductible plan! And of course, many small business owners expect their employees to contribute a precentage of the premiums. The amount of the percentage that employees may contribute to a plan may vary by insurance company and state.

In summary, group health insurance can be expensive and hard to shop for, but is also one of those basic benefits that good employees will be looking for. With tax advantages and flexibile plans, it may be more affordable than you think. We make it easy to shop for group health insurance online!