Did you know that Canadian health care covers surgery, psychotherapy, laboratory tests, and dental surgery? In fact, Canadian health insurance is guided by the Canada Health Act of 1984. However, the Canada Health Act restricts insured services to care that is delivered in hospitals or by physicians. As a result, small business employers have the ability to provide their employees with more extensive health coverage, and the cost of this coverage is determined by small business health insurance quotes. There are several benefits of small business health plans, as they are designed to help both employees and employers.

Small business employee benefit services guarantee employees better health coverage. They accomplish this by implementing four simple steps. First, the employee health premium is unbundled from the disability and life premiums. Then, the new administration cost is subtracted from the health benefit premium dollars of the current year. Once the level of funded high-deductible insurance is determined, the remaining funds are distributed to the tax-free health benefit account of each employee. After these steps are completed, employees are provided with more extensive health coverage.

In addition to helping employees, these plans are designed to help employers, as well. Although 72% of small business owners have concerns about how much money health care plans will cost per employee, these plans are actually cost-effective. Not only are small businesses guaranteed stable premiums, but all expenses are reimbursed tax-free, as well. Once employers receive small business health insurance quotes, they are able to get policies that they can afford.

Although health care costs in Canada are mainly paid through income tax funding, small business employers have the option of offering their employees more extensive health coverage. These types of small business health plans not only help employees, but they are beneficial to employers, as well. As a result, it is possible to provide your employees with better health coverage through policies that your business can afford. Research more here.