When someone is seeking employment, the number one thing they want after a paycheck is group health insurance. Paid vacation, sick time, and a company credit card are all nice, but health insurance is a necessity that most people want their employer to provide.
If you are a small business, you may think group health insurance is too expensive, complicated or simply not worth dealing with. The truth is that providing group health insurance can be a very smart business decision. Here's why.
As the employer, your contributions toward group health insurance are tax-deductible, and your payroll taxes will be further reduced by employee contributions. Your worker's compensation taxes may also be reduced. Your employees will also benefit from a tax savings, as their contributions are pre-tax, rather than post-tax as they would be if they had to purchase an individual health plan. Read more from this article: http://bit.ly/2AoFZdT