Stop complaining we're going to show you how to save a bundle. The 2000 study, which consisted of more than 950 companies with between two and 50 employees, also found that 65 percent of employers didn't know these amounts are deductible as general business expenses. So rethink whether offering health benefits is really too expensive.
Many small businesses seem to think so, but they're overestimating the actual cost.
Even though these benefits are deductible, health insurance is still expensive. Every time you look at an insurance statement, you can't help but notice that costs have been rising and are going to continue to rise. In fact, a recent study by the Kaiser Family Foundation found that the average monthly cost of health insurance premiums rose 10.3 percent between Spring 1999 and Spring 2000 for employers with between three and 1,999 employees. Despite the rise though health insurance costs, many small businesses are offering, or considering offering health benefits for their employees, particularly those who've never offered health insurance before. The feedback we get shows that offering health benefits would be a big help in keeping our key employees.