Many small business owners no longer afford to provide health insurance benefits to their employees because of the too high costs of the packages. And this is easy to understand if we consider that a small business pays 18% more than a large corporation in the form of monthly insurance premiums. And every year prices get higher. In the present context of the financial crisis and with an increasing number of uninsured, things are far from improving in the American health system.

Small business health insurance takes a big chunk of the company’s profit every month. Yet, for the sake of keeping or attracting good employees, many business owners continue to pay the absurd sums. There are a few things that you can do to cut back expenses.

1.Keep your employees healthy by encouraging them to join wellness programs.

[Read more →]