Author: Rick Lindquist, Expert on Health Insurance and Business
Why does your employer offer health insurance? Is it because they care about your health?
NOPE. The primary reason companies offer health insurance today is for recruiting and retention purposes. That is, health insurance is a valuable form of compensation because:
- It is tax deductible to the business
- Employees get the benefit 100% tax-free
As a result of this enormous tax advantage, $1 in health benefits may be worth $1.50 – $2.00 in pay to an employee depending on his or her family’s tax bracket.
Posted in health insurance | Comments Off