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Health Insurance
A Group Health Plan is a valuable component of a compensation package, a group health insurance plan can help you hire and retain the best workers. Plus, there are special tax incentives for businesses that provide health insurance.
We're committed to helping you find the right health insurance plan at the right price. And when you buy through us, you'll get more than just a health insurance plan, you'll get a health insurance partner. Even after you buy, we'll help with all your health insurance needs and serve as your advocate with the insurance company. We'll even shop for competitive quotes for you when it's time to renew.
Great Reasons to Buy Your Small Business Health Plan with us:
- Personalized service from licensed health insurance agents
- The best prices available
- A broad selection of plans from leading health insurance companies
It's no secret that employees value health insurance benefits. Surveys have shown that workers value health insurance coverage second only to monetary compensation. By offering group health insurance benefits to your employees, you may find it easier to hire and retain the best workers for your company.
As a business owner, you may not have health insurance coverage yourself. Perhaps you've considered shopping for an individual health insurance plan for yourself and your family, but did you know that by obtaining insurance through a company, you may get better rates than through the individual market?
Additionally, there are various tax incentives available to you and your employees when you participate in a group health insurance plan. For example, businesses can generally deduct 100% of the premiums they pay on qualifying group health plans and, by offering group health insurance as part of a total compensation package; you may be able to reduce payroll taxes. Plus, your employees can pay their portion of the monthly insurance premium with pre-tax dollars. Make sure that you take these incentives into consideration when determining the affordability of a health insurance plan for you and your employees.
Your company will probably be eligible for a small business plan if it meets the following criteria:
- Your company consists of at least two full-time owners, officers, partners and/or employees, as verified by officially-filed state quarterly wage and tax statements (e.g., NYS-45 in New York and DE-6 in California) or annual federal tax return documents;
- Your company is a legitimate business entity (i.e., your company was formed for a purpose other than to obtain insurance), as verified by one of the following documents:
- A business license or fictitious name filing (proprietorships and partnerships);
- Articles of incorporation (corporations); or
- Articles of organization (limited liability company).
- Your company meets the minimum employer contribution percentage set by the insurance company.
Please note that eligibility criteria may vary among insurance companies and by state. If you have any questions about your company's eligibility for a particular small business plan, please call one of our licensed representatives Mon - Fri, 8AM-5PM PT at 972-991-6677.
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