Group health insurance throughout Ohio in Steubenville, Youngstown and Canton.
In general, group health insurance is the first priority for employees and is the second largest expense for employers behind payroll. We’ll help you find the best plan for the best value so you can hire and retain top talent.
Some employee benefits feel like a nice bonus, but in most cases, employees find their health insurance just as important as the salary itself. Buying group health insurance is the economical way for your business to recruit and retain staff, and increase the likelihood that they’ll be fit to work.
Depending on the plan, your business can cover only the employees or you can choose to offer coverage to their families as well. You can also choose whether your company will cover the premiums in full or split the cost with employees.
The costs associated with group health insurance vary depending on where your business is based, how many employees you want to cover, and how old the employees are.
Since the Affordable Care Act took effect, the medical history and pre-existing conditions of the employees don’t matter. Because you’re pooling the risk with group health insurance, the price your business pays per employee is usually much less than the average amount they’d pay if they bought insurance individually.
The premiums you pay as an employer for group health benefits for your employees are fully tax deductible. Very small businesses can also get a tax credit worth up to half the cost of the premiums.
Ready to offer your employees group health insurance? We can help you weigh your options.