Group Insurance for Small Businesses
Many employers, including small businesses, decide to select and pay for health insurance for their employees. In fact, businesses with more than 50 full-time equivalents (FTE’s) are required to do so, or face a significant fine. The employer may cover a portion of their employees’ monthly health insurance premiums or the entire amount. The portion paid by employees may be deducted from their paychecks before tax, offering attractive savings. Health insurance is a valuable benefit for employees, offering convenience and peace of mind.
Health Care Spending in the Next Decade
LifeHealthPro recently published a post highlighting how much the US will spend on health care in the next 10 years. The study was conducted by the officials at the Centers for Medicare & Medicaid Services (CMS) — the federal agency that runs Medicare, Medicaid and the public health insurance exchange system.
While it’s the nature of our industry for things to change and evolve, we still recommend you be proactive and aware of the shifting trends.