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Enjoy the Tax Benefits of Offering Health Insurance Through Your Small Business

Enjoy the Tax Benefits of Offering Health Insurance Through Your Small Business

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January 2022

Though you may be tracking every penny your business spends, did you know that the money you put into health insurance for your employees can come back to you as tax incentives? There are several short- and long-term benefits to this process because healthier employees are more productive, while health-related productivity losses total $530 billion annually. Because employees feel valued, they stay longer, lowering turnover expenses. But for many small businesses, the fact that the monetary cost of providing health benefits to employees can be offset by the federal government makes a big difference.

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