Why should you offer group health insurance to employees?
A robust benefits package can appeal to both potential candidates and current employees alike while setting businesses apart from competitors.
A healthy employee is present and more productive. The more physically sound workers are, the less prone they are to injuries and less likely they are to miss workdays.
Boost Employee Satisfaction
Workers tend to place higher value and feel more favorable about jobs and employer that provide rich health benefits.
Employees are more likely to stay with a company that offers valuable insurance benefits, as they can be far more costly to replace on an individual basis.
Business can deduct the cost of premiums from their federal business taxes and may qualify for tax credits.
Getting coverage through a group health plan can be more affordable than buying coverage through individual market.
How to choose the right group health insurance plan?
Determine what your business needs in a health insurance plan. Consider the following:
Consider the needs of your employees and their dependents to find a plan that will suit the diverse medical and financial needs of the group.
What kinds of health benefits are important for you and your employees?
It is important to ask your employees which types of benefits are important to them.
How much cost sharing can you afford?
Premiums for group health insurance can be fully paid by employer or be shared by both employees and employer. Consider how much cost sharing makes sense for your business.