Until December 15, 2019, small business owners have a great opportunity to offer their W-2 employees to participate in purchasing health group insurance for the next tax year.
The group plans are designed to intend to make health insurance more affordable for small businesses. Flexibility and variety of plans let business owners choose the most convenient plan and get tax benefits on their tax returns.
Should note, that the small group defines as a group with 1 to 50 employees in Illinois. Also, you may include your relatives on the policy.
Don’t forget that small business group insurance expenses are deductible, in contrast to an individual’s health insurance expenses which are not deductible.
So, if you are interested in purchasing a group insurance plan for your small business, give us a call (847) 221-9158 and we’ll give you a quote.