When you are running a business, it is necessary that you provide your employees with some facilities and provisions. One of such provisions is group health insurance. It is surely beneficial for your employees as they will get the advantage of availing better treatment. But if you are wondering what is the catch in this for you as an employer, then you must know that it can help you with tax benefits and employee retention. So, don’t you think that having this insurance for your employees will be a good choice for you as an entrepreneur? If yes, then you can connect with us at SBC Insurance Services. Our service area covers Los Altos, Menlo Park, Mountain View and Palo Alto.
Are you still in dilemma about whether you should opt for group health insurance or not? If yes, then take a look at the following points. I am sure these particulars will encourage you to opt for this.
Benefits of Group Health Insurance
- Tax Benefits: The facilities that you are going to provide your employees with, will result in a significant amount of tax deduction. So, if you are spending for group health insurance for your employees, then it will be 100% tax deductible according to both state and federal income taxes. You can deduct the cost of premium from the paycheck of your employees before state and federal taxes get calculated. It lowers the amount of your employees’ taxable income too.
- Employee Retention: This insurance plays a huge role in employee retention. It lowers your cost during recruitment and helps in providing better medical facilities. As a result, it improves employees’ health and decreases absenteeism.
- Better Access to Care: Group health insurance will provide your employees with better access to health care. It will not only improve their health but also their morale. Moreover, it can also help you to prevent many workplace health hazards as well.
So, now as you know about group health insurance and its benefits, what are you waiting for? Give us a call at 877-329-1150 to connect with us in Stanford CA or Sunnyvale. You can also visit www.sbc-insurance.com for more information.
Mountain View, Sunnyvale, Stanford Group Health Insurance from SBC Insurance is affordable peace of mind. Contact us today for group health insurance details.