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Group health insurance often means lower monthly insurance premiums for employees, and their participation toward premiums can typically be adjusted from their pre-tax salary. That adds up to meaningful savings for your staff overtime. With a group health insurance plan, you take their share of the premium out of their paycheck before you take out taxes. In other words, you efficiently lower the value of taxes each employee has to pay by decreasing their taxable income.
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Top 5 Reasons to Consider Small Group Health Insurance 1. Bringing in the top talent 2. Keep them on the job 3. Savings for you, the small business owner 4. About that pre-tax benefit 5. Fostering that team spirit You want your staff to feel like family, so putting them all under the same health care plan just makes sense. They can work together as a team, not only to grow your business but towards long-term health. You can implement community programs that focus on wellness too. A small group health insurance plan is good business for small companies, especially if you want to save money on health coverage and medical care and keep your staff happy at the same time. Source: ehealthinsurance.com
