Are you a small business owner? Or, perhaps your company is opening a new office in North Carolina and you are interested in providing your employees with group health insurance. If so, consider a Blue Cross Blue Shield of North Carolina group health insurance plan.
Group health insurance is often less expensive than individual insurance and is a great way to give your employees a perk. In addition, group insurance can help employers by providing certain tax benefits. What an employer contributes towards the health insurance coverage of their employees is a deductible business expense and in some small group cases may even qualify for a tax credit. In addition, employees can often pay for their share of group health premiums using pre-tax dollars. Pre-tax treatment of employee contributions saves employee’s money and it reduces net taxable payroll. These same tax benefits do not apply to individual health insurance.
If you are interested in providing group coverage to your employees, talk with one of our licensed and professional agents to discuss your options. For more information on North Carolina insurance coverage, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400.