Protect Your Most Valuable Asset: Your Employees
No one has to tell you, the owner of a small business, how much your success depends on the loyalty and morale of your employees. For more reasons than you may know about, providing group health insurance is not just a good thing to do - it's also a wise business decision.
This website has been designed to provide you with information and resources that will make it easier for you to decide on the group health insurance plan that is best for you, your business, and their families.
Benefits to Employees
Today's worker rates health insurance as the single most important benefit their employer can provide.
- The rising cost of health care is a major worry to working people in America today. Providing health care relieves employee worries about their own health and that of their families.
- Having employees with adequate health insurance encourages necessary doctors' visits and reduces absenteeism.
- Providing health insurance has the potential of limiting disability and workers' compensation claims.
- And, most of all, providing health care coverage to your employees is a way of telling them you care about them as individuals, providers for their families, and members of your team.
Here are a few important considerations:
- The U.S. Department of Labor estimates that staff recruitment and employee turnover in small businesses account for 30 percent of overall salary costs. To compete with larger companies for top-notch employees and retain your key people, providing health insurance is important.
- Providing health insurance offers substantial tax benefits. The portion of the premium paid by the business is 100% tax deductible, and it is not counted in base payroll when you calculate Medicare and Social Security payments.
- Your employees make their contributions toward premiums with pre-tax dollars.
- As the business owner, you can be covered, too. Your business's group insurance will likely save a lot over the individual policy you may have in place.
Request an instant online quote from a carrier offering Small Business Health coverage in your area >>
Small-Business-Health is not an insurer or a licensed insurance agency, and we cannot issue health insurance policies. This site provides free information on insurance services and coverage options. Coverage and policies described on this site may not be available in all states, and no guarantees regarding same are made herein.
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