Group Health Insurance.

In general, group health insurance is the first priority for employees and is the second largest expense for employers after payroll. Some employee benefits feel like a nice bonus, but in most cases, employees see healthcare as a core part of their compensation package- arguably as important as the salary itself.

As an employer, you can choose to cover employees or you can choose to extend that coverage to their spouses and dependents. You can pay for the premium or you can split the costs with the employees. The premium costs can be deducted from employee pay each pay cycle. Group health insurance also comes with tax benefits. The premiums you pay as an employer are fully tax deductible and the employee premium is deducted on a pre-tax basis.