If you’re like a lot of small business owners, you want to cover your employees with group health-insurance, but you’re worried about the costs.
That’s why you should read my new article. You see, I can show you how to…
- Cover your employees with group health-care coverage
- Limit your annual insurance costs,
- Get a tax deduction
- Give tax breaks to your employees
Sound too good to be true? Well, it is true as you’ll discover when you read my new article titled Tax Tips: The Best Way to Pay for Group Health Insurance!
Three ways our fact-filled article can help you:
- We’ll tell you how much you have to pay. That’s usually about 50% of your employees’ group health-premiums. But don’t panic. That cost can be pretty low and with the right plan your employees can get a break too. All will be explained when you read the full article.
- You’ll learn how to give your employees a nice tax break. When you set up a “cafeteria plan,” your employees get a tax break for making contributions to the premiums. A cafeteria plan (also known as a “Section 125 plan”) lets employees pay for insurance premiums with pre-tax salary. This means they pay no income tax or payroll tax on the amount they contribute! You’ll get the details when you read the full article.
- We’ll explain other benefits of a cafeteria plan. You can offer your employees a number of tax-advantaged benefits through a cafeteria plan. These include health insurance, flexible spending arrangements (FSAs), 401(k) plans, and group-term life insurance. You’ll get all the facts when you read the full article.