A
healthcare benefit plan (offered by an insurance company)
with a reasonable degree of coverage will cost approximately
$85 for each single employee or as much as $150 for
a married employee per month. If during the year the
claims made by the employee are in excess of the premiums,
the insurer will undoubtedly increase premiums the
next year to establish a proper premium rate level,
to make up some of the deficit and assure a profit
for the year. Many small employers, while having a
significant need for health and dental insurance,
do not purchase healthcare benefits simply because
of the price.
Without
a Private Health Services Plan (PHSP) provided by
MedicalTAX inc., a business owner
may have to withdraw taxable income from her company
in order to pay the cost of health expenses for herself,
her employees, and their families. MedicalTAX inc.
saves business owners thousands of dollars in tax
savings every year as a qualifying third party PHSP
administrator.
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