With new healthcare reforms and group health insurance rates that have increased quite a bit in the last 15 years or so, did you know that you have the option to reimburse your employees for individual health insurance?
It seems too easy, and really it is. Basically, what it comes down to is this: cost and control. When you have your employees purchase individual health insurance plans from the Marketplace, you're allowing them to utilize premium tax credits, and you can reimburse all or a portion of their premiums.
It's a way to save small business owners and employees money while still providing a means for you and your employees to have health insurance. The best way to reimburse employees is through a formal reimbursement section 105 plan. You can do it tax free. If you're curious and want to learn more, here's a great article that talks about it. Let me know if you have any questions!
Q&A: How Can I Reimburse My Employees for Healthcare?