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

Ronaldshahan30702 Dec, 2024Business

One of the biggest perks of offering a group health plan is the tax savings. If you are 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. To get more information, Please read this PDF.