Saturday, December 11, 2010
Small Business Tax Credits
Does your Small Business have less than 25 employees with average annual wages under $50,000? If so, you may be eligible for a tax credit of up to $35,000. Click link for details.
Monday, December 6, 2010
Advantages of Individual Insurance for Employees
Employees should consider Individual coverage vs. Employer Group plans, due to the following reasons:
1. Individual Health & Life coverage is normally 50%-70% less expensive than Group plans. Employee costs may be higher or lower, depending upon the portion paid by the Employer.
2. Individual coverage for dependents is always far less expensive than group premiums.
3. Individual plans are portable from Job-to-Job or State-to-State.
4. Pre-existing conditions can cause you to be declined by Individual Carriers.
5. Plans can be designed to match your desired coverage benefits vs. a choice of 1-2 carriers
6. Eliminates need to pay high COBRA premium, if you are eligible.
7. If you are also self-employed, you can write-off 100% of premiums and out-of-pocket expenses for Medical, Dental, Vision, Rx, etc.
8. Employers can now establish a Section 105 HRA to pay up to 100% of premiums for Employees.
1. Individual Health & Life coverage is normally 50%-70% less expensive than Group plans. Employee costs may be higher or lower, depending upon the portion paid by the Employer.
2. Individual coverage for dependents is always far less expensive than group premiums.
3. Individual plans are portable from Job-to-Job or State-to-State.
4. Pre-existing conditions can cause you to be declined by Individual Carriers.
5. Plans can be designed to match your desired coverage benefits vs. a choice of 1-2 carriers
6. Eliminates need to pay high COBRA premium, if you are eligible.
7. If you are also self-employed, you can write-off 100% of premiums and out-of-pocket expenses for Medical, Dental, Vision, Rx, etc.
8. Employers can now establish a Section 105 HRA to pay up to 100% of premiums for Employees.
Subscribe to:
Posts (Atom)