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.
The good thing about insurance providers today is they are finding flexible ways to provide business with more options. Some providers insure businesses with 2 or more employees at affordable rates. Additionally, benefits increase employee retention, which is a savings.
One benefit of having a group health insurance plan is it makes your company a more favorable place to work for. You'll develop a higher retention rate and increase employer satisfaction scores. This fact alone saves you money in the long run and helps pay the cost of benefits.
It's easy to get quotes making it easy for you to compare programs. Online resources have questionnaires easy to complete that will match you with providers who can meet your specific needs. This is a start to getting information on affordable programs.
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.
Additional attractive features that are optional but favorable enhancements to insurance packages include dental programs, vision, hearing, life insurance and health flex spending options. Insurance providers can customize packages at a savings and help fit into your budget.
If you have limited HR resources, most providers now have a self serve system allowing employees to go online and manage their individual account. This allows them to enroll, change plans, and add dependents. Looking at the affordability of a group health insurance plan will be worth your while.
Employees prefer to work for a company that offers a group medical plan. Attract top employees by having group health insurance plans as an employee benefit.
Orignal From: How Your Business Can Afford Group Health Insurance
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