Cost Savings and Tax Benefits of Group Health Insurance for Small Businesses


Mpbhealth

Uploaded on Dec 10, 2024

One of the biggest perks of offering a group health plan is the tax savings. If you're paying premiums for your employees' health plans, you can actually deduct those payments from your taxable income. That means the money you're spending on health insurance doesn't count against your business's bottom line when tax time rolls around. It's like getting a little financial boost for doing the right thing by your employees.To know more, read this PDF.

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