Many small business owners wrestle with the idea of obtaining business medical insurance for themselves and their employees.
In addition to worrying about the costs, many business owners are overwhelmed by the details of choosing the right plans.
Finding affordable medical insurance for you and your employees is possible and as you will see, ultimately, it is an investment in your business.
1.
Become an employer of choice Health care is a major concern of just about every American these days.
We are a nation obsessed with health care, our right to it and how it will be paid for.
If you are an employer who offers health insurance to your employees, you are seen as a better employee.
Offering employee benefits will give you the advantage of being able to choose from a more talented pool of candidates to hire.
Employee retention is increased in businesses that offer medical coverage.
There are two sides to the employee retention coin: Many employees value their employee benefits so much that they will stay with a job even if it comes with a slightly lower salary and a bit less job satisfaction, instead of accepting a higher paying job without health benefits.
For the employer, it is more cost effective to keep a current employee than to have to go through the hiring and training process yet again.
2.
Keep your employees healthy Every employer dreads the "call in sick" telephone call from an employee.
When an employee calls in sick, the employer still pays the wages, but the work doesn't get done.
You want your employees healthy so they don't miss work.
When an employee has medical coverage, they engage in preventative care and if they do get sick, obtain the care they need to get back to work quickly.
In the long run, an employer saves money by paying a part of your employees' premiums.
Contributing to the cost of the premiums can cost less than paying for sick leave, potential overtime wages for the employee that has to pick up the slack and loss due to work not getting done.
3.
Business tax breaks On the practical side of it, there are tax advantages for the business owner.
In most cases, employer contributions towards group health insurance premiums are 100% tax deductible.
So you see the points in support of opting for business medical insurance are persuasive.
The bottom line is that medical insurance for your employees really is an investment in your business.
Contact a legitimate, reputable insurance agency who specializes in medical insurance for small business owners to discuss your needs and the group plans available.
They will help you choose the right plans at the best cost.
In addition to worrying about the costs, many business owners are overwhelmed by the details of choosing the right plans.
Finding affordable medical insurance for you and your employees is possible and as you will see, ultimately, it is an investment in your business.
1.
Become an employer of choice Health care is a major concern of just about every American these days.
We are a nation obsessed with health care, our right to it and how it will be paid for.
If you are an employer who offers health insurance to your employees, you are seen as a better employee.
Offering employee benefits will give you the advantage of being able to choose from a more talented pool of candidates to hire.
Employee retention is increased in businesses that offer medical coverage.
There are two sides to the employee retention coin: Many employees value their employee benefits so much that they will stay with a job even if it comes with a slightly lower salary and a bit less job satisfaction, instead of accepting a higher paying job without health benefits.
For the employer, it is more cost effective to keep a current employee than to have to go through the hiring and training process yet again.
2.
Keep your employees healthy Every employer dreads the "call in sick" telephone call from an employee.
When an employee calls in sick, the employer still pays the wages, but the work doesn't get done.
You want your employees healthy so they don't miss work.
When an employee has medical coverage, they engage in preventative care and if they do get sick, obtain the care they need to get back to work quickly.
In the long run, an employer saves money by paying a part of your employees' premiums.
Contributing to the cost of the premiums can cost less than paying for sick leave, potential overtime wages for the employee that has to pick up the slack and loss due to work not getting done.
3.
Business tax breaks On the practical side of it, there are tax advantages for the business owner.
In most cases, employer contributions towards group health insurance premiums are 100% tax deductible.
So you see the points in support of opting for business medical insurance are persuasive.
The bottom line is that medical insurance for your employees really is an investment in your business.
Contact a legitimate, reputable insurance agency who specializes in medical insurance for small business owners to discuss your needs and the group plans available.
They will help you choose the right plans at the best cost.