Many people prefer working for small businesses because of the unique working atmosphere. You know everyone you work with, you have fewer bosses, and you can see the impact you have on the company as a whole. But one major disadvantage of working for a small business is the frequent lack of insurance coverage and benefits. In some states, companies with fewer than 50 full-time employees are not required to offer insurance benefits. Even if you are not legally required to offer coverage does not mean there are not compelling reasons to offer these benefits. To attract quality employees who will stay with your company for the long term, offering group health insurance benefits can be key. Group health insurance also helps you keep your employees happier and healthier.
If you are considering group health insurance for your small business, our team here at Elite Benefits Group is standing by to help. We can discuss various scenarios with you, like what benefits you want to offer. Some companies just offer health insurance, while others include other benefits, like vision and dental coverages. You may also want to consider life insurance and disability insurance options. Generally, for health insurance, the employer pays a part of the premium, which reduces the premium for employees, who still cover their own deductibles and copays.
Not all group health insurance is the same, but we can help you determine the benefits you want to offer, compare the various provider and hospital networks of different options, the ease of the enrollment process, and the reputation of the companies.