Small business owners are now seeing that health insurance for their group (size 2-49) could be more beneficial than purchasing individual health insurance.
For the past two years, individual health premiums have been on the rise and far exceeding the rates offered on small group health plans. What does this mean for business owners? Being covered under your small business could save you money on your own policy as well as help you with employee retention and allow you to deduct the costs of the policy at the end of the year for your business.
Major Medical insurance carriers in Georgia have allowed owners to have two or more employees to implement a small group health insurance plan with no penalties on participation. This rule does not look to change for 2020, so now is the time to get a small group health quote and enroll.