So there is a general buzz these days about California small business health insurance and what the federal changes mean with regards to them. It is a bit of a slippery slope as far as understanding what it all means, but after looking into it further you will find that it is not as difficult to understand as you may think.
For the first time, employers will be able to compare health insurance plans side-by-side to directly compare what they are getting. This is advantageous for many reasons, including that it has never really been done this way before! Businesses will be able to compare plans using an online website or by making a phone call to discuss and purchase a plan appropriate for their company. What it comes down to is that there are more options now available and there is more flexibility.
From the perspective of the employer, it is also beneficial to get involved in these new health plan initiatives for they offer small businesses tax credits. If you are a small employer and you begin offering health coverage to your employees you will receive up to a fifty percent matching contribution that you contributed to health plans of your eligible employees. This is an overall win-win situation for you are able to offer your employees health benefits that they may have otherwise not received and you are able to earn back some of that given contribution from the federal government.
Offering health care benefits to employees may sound burdensome from a manager’s perspective, but from the perspective of the employee it may be the reason they chose the job, or are working hard to be able to provide that coverage fro themselves–it may be the make or break deal between jobs when applying. Health insurance is a big deal to employees, and for employers who offer it, they will have better wealth-wise taken care of employees who are then more productive on the job. Again, and overall win-win scenario.