With the start of the new year, many people have made resolutions to save more money, and in that effort, it is not uncommon to look over health insurance coverage to make sure that what has already been purchased or what will be purchased in the near future will include the best possible savings but with the coverage that makes the most sense to each individual. Use the following tips to help achieve this goal: • Do your homework and compare all of the different health plans available to you…
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Maybe a break for small businesses health care costs
With the burden of a staggered economy weighing on employers, many are looking to cut costs while retaining benefits for their employees. However, the rates for employee health coverage have been going up for the past few years, making health care among the first benefits to be cut entirely. Trowbridge Insurance of Pacifica California is looking to change that by teaming up with a third party administrator in an effort to save businesses money on coverage. The third party has developed a strategy to save businesses and unions up to…
Read MoreHealthcare Reform Changes
Small businesses might be eligible for tax credits up to 35% of the cost of the premiums if they have less than 25 employees whose average annual salary is below $50,000. The employer is required to pay more than half of the premium for the employee to qualify. As the number of employees increases and salaries rise, the credits for the employer decreases. Small businesses might be eligible for tax credits up to 35% of the cost of the premiums Small businesses have to provide insurance to their employee’s children…
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