The Affordable Care Act created comprehensive health insurance reforms that have improved access, affordability, and quality in health care for Americans. But offering small business health plans has long been a challenge for small business owners. Even though businesses with 50 or fewer employees are not required by the act to provide health coverage, many business owners understand that helping to pay for employees' health insurance is a good idea. First, it will help keep employees healthy, which increases productivity by reducing sick days and absenteeism. In addition, studies show that health coverage is one of the benefits that employees want most, so offering even partial coverage will help businesses recruit quality employees. Offering health insurance also reduces turnover and improves employee morale, according to research conducted by the Wyoming Department of Employment, Research and Planning.
The cost of group health insurance is usually much lower than individual plans.
Group health plans tend to be richer in benefits.
Many business owners choose to work with a group health insurance broker such Prosperity. Our agents are licensed professionals who know the health insurance market and can help you navigate the maze of federal and state regulations dealing with group health insurance. Prosperity can also help you understand which group health plans would be best for your business. Insurance can be complicated, and many small business owners don't have the time to research insurance options. We do the research for you, a nd recommend plans that will meet your company's needs and budget. We can also sell you a policy and help you roll it out to your employees.
Yes, the amount of money you put toward your employees' health insurance plans is tax- deductible. You may also be eligible for tax credits in certain situations.
Yes! We can help you buy insurance through the Small business Health Option Program, part of the Health Insurance Marketplace. Our Brokerage is registered to work with the SHOP Marketplace and can help you apply and enroll for coverage.
Employers buying health insurance through the SHOP Marketplace may also qualify for a Small Business Health Care Tax Credit to help defray their premium costs. Hundreds of thousands of small businesses with fewer than 25 full-time-equivalent employees have already received a tax credit of up to 35 percent of their contribution to employees' health insurance premiums. Today, this tax credit will be worth as much as 50 percent of the employer's contribution to premiums and will be available only to those purchasing coverage through the SHOP..
Welcome to Prosperity Brokerage, your premier destination for customized Business Health Insurance solutions.
Welcome to Prosperity Brokerage, your premier destination for customized Business Health Insurance solutions.
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