Tax Advantages Of Providing Insurance Coverage To Employees
Employer payments toward health insurance coverage for employees are typically deductible as a business expense of the employer. They are therefore an excellent fringe benefit for workers, who might otherwise have to purchase their own health insurance with after-tax dollars or who might leave the employer to work for a competitor who offers a health insurance plan. Moreover, group rates obtainable by employers are often superior to rates obtainable by individual employees on their own.
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