By Joey Giangola
A growing trend among small business owners is to ditch their bloated and expensive group health insurance plan in favor of individual health policy’s for their employees.
Individual health plans in the workplace can deliver two major benefits upfront. One, it will give each employee a much wider range of plans to select from, instead of the one or two options a traditional group plan might offer. And two, it will allow you, the small business owner, an opportunity to save 30-50 percent on your health insurance costs.
This option also presents an opportunity for businesses that currently do not offer health insurance the ability to do so at little or no cost to the employer. Since there are no contribution requirements with individual health insurance an employer can pay as much or as little as they desire for their employees health insurance.
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