The Benefits of Offering Benefits: Group Health Plans for Your Employees
By 2016, new federal and state regulations will require employers with more than 100 employees to offer health insurance or make a “shared responsibility” payment to the Internal Revenue Service.
But whether or not your business is required to do it, adding group health insurance now is a smart move for you and your employees.
Happier workers. Health care benefits have been proven to increase job satisfaction for workers. A recent survey of full-time employees showed that 87 percent of workers consider health care packages when choosing an employer. Your plan will help you recruit and retain a better quality of worker.
Better productivity. It’s no surprise that group health plans help you keep your team healthy. Healthy employees are less likely to call in sick or use vacation time for illness. Studies have shown that workplace health programs reduce the extent to which sickness gets in the way of getting work done at the office.
Save money. Plans are available that provide consumer driven health care options, such as a Health Savings Account (HAS) or Health Reimbursement Account (HRA). Many employers choose to offer their workers pre-tax options such as Premium Only Plans or full-Flex Plans, which pay off for both you and your employees.
Contact Graber & Associates today to learn more about the benefits and plan options we provide to help you cover your employees!