Why should you offer small business health insurance

Why should you offer small business he
insurance?

• It's no secret that starting and running a small
business is expensive, and it can be easy to
dismiss health insurance as an unnecessary
cost to help stay within your budget. However,
health insurance is a vital part of running a
successful business that people want to work
for.
• Here are a few reasons why you should offer
health insurance to your employees:
thebenefitadvisors.com

Group coverage may cost less and
cover more
• Whereas a private plan offers coverage for less
than you or your family, group insurance is
insurance that companies purchase and offer
to eligible employees and their dependents.
• Health insurance offers certain advantages
over individual insurance , including generally
being cheaper and offering more extensive
coverage.
thebenefitadvisors.com

You may qualify for a tax credit
• The purchase of health insurance for yourself
and your employees can help you qualify for
tax credits if you purchase a plan through the
Small Business Health Options Program
(SHOP) Exchange, an insurance portal created
by the ACA.
thebenefitadvisors.com

• You must meet the following requirements:
o Have fewer than 25 full-time employees.
o Offer health insurance to all full-time
employees.
o Pay salaries of less than $50,000 per full-time
employee, on average, each year.
o Front at least 50% of the premium cost.
thebenefitadvisors.com

It can increase job satisfaction and
recruiting success
• Offering a health insurance option can greatly
increase your chances of attracting and
retaining top talent, as it shows that you care
for and value your employees.
• Healthy employees are productive employees,
and the best way to ensure your employees
remain so is to provide comprehensive health
insurance.
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• Employees without insurance are less likely to get
annual check-ups or visit the doctor when they're
sick, which can cause them to get sicker and take
time off work.
• If you're self-employed with no employees, health
insurance is a necessity that can help you protect
yourself, your dependents and your business against
a potentially disastrous illness.
thebenefitadvisors.com

Independent Benefit Advisors
• Small employers are generally defined as having
fewer than 50 employees. Health insurance
regulations for small businesses, ranging 15-50
employees, are different than those for large
employers.
• IBA provide expertise and service on small
business health insurance to enable your
company to meet your employee benefit goals.
• We are your year round resource for employee
benefit questions and strategies.
thebenefitadvisors.com

Contact Us
Address: 1121 Pemberton Hill Rd,
Apex, NC 27502
Phone: (919) 303-9690
Toll Free: (888) 303-9690
Fax: (919) 303-9691
ID: john@thebenefitadvisors.com
Website : Thebenefitadvisors.com
thebenefitadvisors.com

(919) 303-9690
(888) 303-9690