What is the major concern for an employer? Taking very good care of their employees is a must. Many have perceived that as an expensive task to overcome, as it means providing the employee with vacations, bonuses, incentive pay, insurance, etc… While all of them are valid reasons there are many ways in which employees can be given benefits that do not drill too deep a hole into the employer’s pocket.
Medical Spending Accounts: MSAs offer benefits and cost-control advantages like no other policy. Self-employed people can use this as also a small group of 50 people. There are two parts to the MSA, one is the high-deductible health-insurance plan (HDHP) and the other is the insurance policy. HDHP offers deductibles in the range $1,500 – $2,250 for single people and $3,000 – $4,500 for families. Medical insurance is claimed using an MSA in a manner similar to any other … Read More