California business owners who have 2 or more employees are usually eligible to take out group insurance. California allows business owners who take out group insurance to write off 100% of the cost of the premiums on their taxes. Businesses can also write off covered medical expenses through an HSA account on a pretax basis, thus reducing their medical costs by 30-50%.  Taking out group coverage brings down the costs compared to individual cover which can advantage the business owner as well as the employee.

Often group coverage can offer more comprehensive coverage than an individual policy. Group plans when in place cannot by California law discriminate against people who have been refused health insurance coverage before and they can also offer maternity coverage where some individual plans do not. Group insurance is Guaranteed Issue and this fact can be very attractive to prospective employees. While it may not be cheap, it is definitely worth looking into. Offering appealing employee benefits can help employers attract and retain quality employees which could end up saving them money in the long term.

Your business could do well to investigate the benefits of group insurance in California.  Businesses and their employees can both benefit with group insurance coverage.
 

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