Benefits for the Smaller Business

Since the introduction of the Affordable Care Act in 2010, much has changed in the world of benefits and benefit administration for employees. Now, many small businesses that used to provide Health Insurance, no longer do; and, many mid-sized businesses that weren’t required to provide Health Insurance are now required to do so.

For the smaller businesses, that no longer provide Health Insurance, employee retention is now a concern with a lack of benefits. This is where Asher Custom Benefits can help. We are here to help design a package for you that is custom fit to your business that utilizes your maximum tax advantage.

For instance you may have a key employee to your business, such as a junior partner or associate. In the event of a tragic loss, it would be wise to have life insurance on this employee, for if this employee had to be replaced, it would take much time and cost; and, much like a 401(k), you could offer the same life insurance to him/her as a benefit. This is all tax deductible and comes out pre-taxed.

Another instance you may run into would be in the medical field such as surgeons. If you have associate surgeons, you could provide short term and long term disability insurance benefits for these employees, as well as accident plans. The only difference in these would be is that it is suggested that any disability policy be paid with post-tax dollars, but the accident policies could be paid pre-tax, as well.

These are just a couple of benefits and are just an example of what we do. We also offer dental, vision, and many other options through a variety of carriers. If you have any questions, feel free to reach out to us!

Asher Custom Benefits has many benefit options that we can customize to fit your business appropriately.

At Asher, we are all about building relationships. Come grow with us! Contact us today!

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