Medical insurance – are there two more dreaded words that can be spoken to a small business owner? Small business medical insurance, however, offers numerous benefits and tax advantages that make it well worth the cost of premiums.Health insurance for employees of small businesses is a hot button issue. Approximately 45 million U.S. residents do not have health insurance. Of those, about 20 million are employees, or a family member of an employee, of a business that has 50 or fewer employees. For companies that have more than 50 employees, more than 96% of workers have health insurance. That number is only about 43% for small businesses.What accounts for this phenomenon? You hear over and over again that employee health insurance is one of the biggest expenses that a business owner faces. What exactly, though, are those expenses? The business owner is required to pay a percentage of the employee’s individual premium. Typically this percentage ranges between 25% and 50%. If coverage is extended to the employee’s family members, the employer cannot elect, but is not required, to also pay a percentage of those premiums.In addition, small businesses typically must pay larger premiums than businesses with more than 50 employees. State requirements that certain conditions, treatments and providers be covered by the group health insurance policy is another reason that small business medical insurance can be costly. Small business medical insurance applies to businesses that employ between 2 to 50 people. Any permanent, compensated employee that works at least 25 hours per week is typically eligible to enroll in a small business health plan. Despite the costs, small business healthcare insurance has very real benefits. When you’re able to offer health insurance to job applicants, you are guaranteed to have a more talented pool of candidates to choose from. As we’re reminded of daily in the news, quality medical insurance is a major concern for Americans. Retention is another benefit of small business medical insurance. It costs you less to retain an employee than to seek out and train a new employee. If your employees are getting medical insurance from you, they won’t jump ship to take a job with another employer simply to obtain medical insurance.Last but absolutely not least, a healthy employee is a more productive employee. Having healthy employees, like the retention issue mentioned above, saves you money. When an employee is out on a paid sick day, you’re shelling out the cash without getting any of the work. So although you’re paying part of your employees’ premiums, you’re saving money in other areas by offering medical insurance.Need more convincing? Group health insurance has tax advantages for business owners. Typically employer contributions to small business healthcare insurance plans are 100% tax deductible.Small business health insurance benefits you and all of your employees in yet another way. Health insurance, as you undoubtedly know, can be very expensive. With a group health insurance plan, you are spreading the risk amongst all of the employees. That means lower premiums and better coverage.The arguments in favor of small business health benefits are persuasive. Finding affordable medical insurance for employees is possible. It all starts with carefully researching the group plans available to your business. Be sure that you are working with a legitimate, reputable medical insurance company, and you’ll reap a number of benefits that will ensure a strong return on your investment. And health insurance for your employees really is an investment in your business.
There are many small business credit card (CC) services available for you as a small business owner. The internet is a prime source for finding low interest CC companies that have the services appropriate to your business. Nevertheless, it is very important for you to decide exactly what type of smaller business credit card services you are looking for.Needless to say, more and more people now prefer shopping online without stepping out of their homes. They do not go from one place to another searching for their favorite products, because they can get whatever they need on the internet. When purchasing goods online, the payment, by default, is through the internet’s secure payment service. Smaller business CC services help you get everything settled the way you want. It is easy, quick and very beneficial for any sort and size of business. It is an old fashioned notion that smaller businesses do not require a CC system, as its customers prefer to pay in cash. Of course, sometimes they do if they come to your shop, but what about those who want to shop online?There are many unofficial surveys which reveal that the number of people shopping online is getting higher every day. Remember, if you do not acquire smaller business CC services, you are losing a lot of revenue! Hundreds of thousands of people when visiting your website for sales and services may want to purchase on the spot, but then, due to the unavailability of CC transaction services, they give up and take their business elsewhere.If you own a smaller business, you should opt for smaller business CC services as this will take a great burden from your shoulders. The smaller business CC services will then begin work dealing with a bank that offers a market player the ability to accept card payments for their sales and services. The bank will provide a card reading machine that is used by the operator for various CC transactions done as part of the small business accounting process.In case of smaller businesses online, the business CC services help in setting up an online CC system that allows the customer to log in to their account and pay through their credit card online by entering the credit card number. Small business CC services usually set the payment mode using a secure gateway.You can choose a small business credit card service online. It is quite easy and safe. By opting for a small business credit card system you can grow your business and increase the number of clients without any difficulty.