It’s true that the Affordable Care Act lets you pay for your employees’ health insurance. But to do so, you have to increase their taxable compensation.
That’s no bargain because doing so means higher taxes for both you and your employees. Ouch!
Want to learn tax-advantaged ways to pay for employee health insurance without violating the Affordable Care Act or exposing yourself to unwanted penalties?
Easy. Read my new article titled Tax Tips: How to Help Your Employees Pay for Medical Insurance and Reduce Everybody’s Taxes!
Three ways our fact-filled article can help you:
- We’ll explain three tax-preferred alternatives you should consider. Whether you have just one employee or several, there are ways to help your employees and We’ll tell you how when you read the full article.
- You’ll learn why group insurance can make a lot of sense. You don’t have to buy a one-size-fits-all policy for all your employees. Private exchanges now let employees choose from a number of different policies, depending on which works best for them. You’ll get the details when you read the full article.
- You’ll find “creative” options on the Web. You’ll find companies on the Web that offer tax-advantaged ways for you to reimburse your employees for “individually-purchased” health insurance. We think this may run afoul of the law. However, some of these companies offer an audit protection guarantee. You can check this out but you should be forewarned as you’ll learn when you read the full article.