Every day I hear small business owners, entrepreneurs, and free-lancers ask, "are health insurance premiums tax deductible?" The rules about when health insurance premiums are tax deductible can be confusing. Whether you are an individual, self-employed worker, or small business owner, here is a simple breakdown about when health insurance premiums are tax deductible.
Think of someone you look up to. Maybe it’s a parent or grandparent, a teacher you had in school, or maybe it’s a manager you worked for at some point. Wait, a manager? You might be thinking, “why a manager,” right? Let’s approach it from this angle - on average, you’ll spend about 90,000 hours at work in your lifetime, and most of that time is spent with your coworkers. They become some of your best friends and those that you look up to - and yes, even our managers are a part of this. As such, what makes a manager so great and memorable? Here are six prominent things that separate so-so managers from the ones that inspire you to be the best you can be.
Cost-effective health benefits for your employees--is this possible? Of course! Your small business needs to spend its resources frugally, and individual health insurance is a great place to start. Here is how you can create cost-effective health benefits by using individual health insurance reimbursement.
Savvy small business owners have their ears to the ground about employee benefit trends and opportunities, and now is the time of year when predictions about 2015 are circulating. While no one has a crystal ball, many signs say the next big thing in health benefits is individual health insurance reimbursement. Here's why.
2014 has been a year full of health benefits headlines. As such, here are the top 25 employee health benefit articles that thousands of brokers, managers, small business owners, and human resources professionals were reading last year on our blog, Clarifying Health.
As an optometrist and owner of your own vision clinic, you work hard -- you’re dedicated and passionate about what you do and the people you serve. You have little to no time to waste and are always looking for ways to make your employees and patients happy. Having said that, group health insurance is taking up your time and money,and because of this, many vision clinics are switching to individual health insurance to cut down on costs and save time.
In the past, Health Reimbursement Arrangements (HRAs) were a popular vehicle used by small businesses to reimburse employees tax-free for individual health insurance premiums and out-of-pocket medical expenses. However, health reform brought sweeping changes to the health insurance industry, including how employers can use HRAs.
As a veterinarian, you invest 100% of your physical, mental, and emotional energy into long days of assisting and treating animals - and that doesn’t include the side work of hiring, managing an office, and dealing with group health insurance for your veterinary clinic.Veterinary clinic health insurance is not only time consuming, but costly. As such, something is beginning to happen -- many veterinary clinics are switching to individual health insurance as a way to free up valuable time and money.
You might be looking at alternatives to group health insurance for your small business and individual health insurance reimbursement is at the top of your list. If you’ve decided that it is best for you and your small business, here is how you can educate employees about individual health insurance reimbursement.
In a time when health benefit costs can be almost unimaginable, your small business faces a difficult decision: keep your current group health insurance plan, or offer nothing at all. The truth is, not offering health benefits to your employees hurts your small business in the long run. So what’s the solution? Offer flexible benefits - here’s how.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.