If you are in the implementation or planning stage of starting a business or if you are a smaller company that is in business and don't have a group health insurance plan for your employees, there are benefits to getting one. If you have been thinking it won't fit in the budget, it just might, and here's why.
Don't shy away from making your decision because you are thinking your company is way too small. There are providers that will offer a group health insurance plan for two plus employees. Offering benefits will help retain your work force.
A way to help you pay for benefits is from the money you'll save by reducing your turnover ratio and the added investment of recruiting, hiring, and training. Employees are more satisfied and loyal with companies offering benefits. This reason in itself will help the insurance pay for itself.
There are insurance broker sites where you can complete a simple questionnaire about your company and the number of employees. That will be matched with some of the top providers that fit the profile. You will get quotes from each for comparison.
Most providers offering a group health insurance plan offer packages with a variety of options. Lower deductibles with higher premiums, higher premiums with lower deductibles, in-network and out-of-network plans.
Most plans have flexible health spending accounts, dental, vision, hearing, and life insurance as added benefits. As an employer, the insurance provider can tailor a package that fits your needs and that is designed to save you money.
If you're worried about the maintenance, don't. Most insurance providers have a self serve site that allows employees to log on using the Internet, manage their account, add dependents, change coverage, and re-enroll, making it easier for you. Group health insurance plans offer simplicity and savings for your business.
Don't shy away from making your decision because you are thinking your company is way too small. There are providers that will offer a group health insurance plan for two plus employees. Offering benefits will help retain your work force.
A way to help you pay for benefits is from the money you'll save by reducing your turnover ratio and the added investment of recruiting, hiring, and training. Employees are more satisfied and loyal with companies offering benefits. This reason in itself will help the insurance pay for itself.
There are insurance broker sites where you can complete a simple questionnaire about your company and the number of employees. That will be matched with some of the top providers that fit the profile. You will get quotes from each for comparison.
Most providers offering a group health insurance plan offer packages with a variety of options. Lower deductibles with higher premiums, higher premiums with lower deductibles, in-network and out-of-network plans.
Most plans have flexible health spending accounts, dental, vision, hearing, and life insurance as added benefits. As an employer, the insurance provider can tailor a package that fits your needs and that is designed to save you money.
If you're worried about the maintenance, don't. Most insurance providers have a self serve site that allows employees to log on using the Internet, manage their account, add dependents, change coverage, and re-enroll, making it easier for you. Group health insurance plans offer simplicity and savings for your business.
About the Author:
A small group medical insurance plan is a great employee benefit to consider. With a group health plan, your company is a more desirable place to work.
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