subject: Small Business Health Insurance Quotes - 3 Simple Tips To Saving Money On Health Insurance [print this page] As a small business trying to establish a positive cash-flow and make ends meet at the end of the month, health insurance costs are probably one of the major financial burdens you carry and where ends just don't meet. Thus, to help you in your journey to stop the bleeding and increase the savings, here are 3 tips you can use to lower your health insurance costs.
Tip # 1 - Group Plans
If you're a small business trying to provide affordable quality health insurance to its employees, getting a group plan can almost always provide you with lower premiums as well as other benefits, such as, being accepted as a group and not as an individual. This can eliminate the preexisting concision problem and may even allow you to obtain other discounts and benefits that would not be available to individuals.
Tip # 2 - Tax Deductions
Operating a small business that provides health insurance to its employees can also allow you to claim certain tax deductions which can help to alleviate some of that financial burden. For example, if you provide a qualifying insurance plan to your employees, you can generally deduct the complete cost of your monthly premiums. There may be other healthcare tax deductions you may not be aware of and that can probably save you significant amounts of money. All it takes to benefit from these unknown tax deductions is a little research and some due diligence.
Tip # 3 - Shop Around
One of the most effective money saving ideas you can apply, as a small business owner, is to shop around before you buy. By simply getting a few small business health insurance quotes from some of the top insurance providers, you can almost always get a better rate. It's fast, easy, free, and best of all, can add much more to your bottom line.
by: Jimmy R. Smith
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