We pay 100% Healthcare, I want to buy an individual plan rather than a group plan for one employee (2x$$).

What are the implications, concerns, and considerations? Thank you for helpful comments!

  • cryptosigg@alien.topBEnglish
    1·
    10 months ago

    I see what you are saying. There ate offerings out there for tiny companies. Check your payroll software provider they may even offer it. Talk to a health insurance company to see if they can accommodate you. If you go through with judt paying for someone’s indiv. plan, it won’t be pre-tax, which is a disadvantage. Also talk to your tax accountant.

    • FirstGenPersian@alien.topOPBEnglish
      1·
      10 months ago

      Thanks, pretax dollars are preferred. I’m now looking into something called ICHRAs which seems to be tax-deferred, and unused dollars go back to the employer, but not sure how to employees / military who don’t need coverage.