Actually, monthly health-insurance premiums can sometimes be less expensive than a monthly parking space and cost just a few dollars a day, Kelsey says. Whether I offer employees health insurance or not makes little difference to the success of my business. Studies show that employers that offer benefits like health insurance do better in recruiting and hiring and also see increases in productivity. No one will service me because my company is too small.
Many brokers specialize in offering services to very small businesses.
Employees would rather have the value of the premiums in their paycheck. Actually, while additional compensation is taxable to the employee, employee health-insurance premiums can be treated as a business expense and are not taxed for the employee. I shouldn't offer employee health insurance until I have a full-time HR person for management and administration. Many brokers, including those that are online, will often also administer and manage your health benefits. Monthly health-insurance premiums are unaffordable because, as an employer, I have to pay 100 percent of their cost.