In a survey of U.S. adults with employer-sponsored health benefits, fifty-six percent said a key factor in deciding to stay at their current job was whether or not they liked their health coverage. Forty-six percent said in choosing their current job, health insurance with either the deciding factor or a positive influence.
Choosing a group plan can:
- Save on personal health care costs
- Increase tax deductions
- Boost job satisfaction
- Provide wellness benefits, including onsite screening and online tools for employees
Group health plans can also coordinate with:
- Consumer driven health care options including Health Savings Accounts (HSAs)
- Health Reimbursement Accounts (HRAs)
- Individual Coverage Health Reimbursement Accounts (ICHRAs)
Group life insurance is a fundamental component to the overall benefits program offered by your business.
Term Life is an excellent employee retention tool that offers your employees and their dependents a cost-effective financial safety net in their time of need. This benefit typically has more lenient underwriting than individual life insurance. Coverage options include:
- Basic and supplemental term life
- Dependent term life
- Voluntary life
By providing for these basic insurance needs, an employer can ensure that their employees are healthier and happier – often with fewer absences from work. Offering these basic benefits will also keep your business relevant in today’s competitive recruiting market while also retaining top talent. Policies on a group chassis are typically more cost effective than comparable individual coverage, and have more lenient underwriting when required.
Below is a list of additional benefits Graber & Associates can help you implement:
- Life Insurance
- Dental & Vision
- Short & Long Term Disability
- Accidental injury
- Critical Illness