Offering group health insurance to your employees can be a significant investment, but it can also provide significant benefits to both your business and your employees. In this blog post, we’ll discuss the advantages of offering group health insurance to your employees.
Attracting and Retaining Employees
One of the primary benefits of offering group health insurance is the ability to attract and retain talented employees. Employees are more likely to stay with a company that offers comprehensive benefits, including health insurance. In addition, offering group health insurance can help attract new talent, particularly in competitive industries.
Improving Employee Health and Productivity
When employees have access to health insurance, they’re more likely to seek preventive care and address health issues before they become more serious and costly. This can lead to healthier and more productive employees, as they’re less likely to miss work due to illness or injury. In addition, employees with access to health insurance are more likely to take advantage of mental health services, which can help improve overall well-being.
Tax Benefits for Employers
Offering group health insurance can also provide tax benefits for employers. The premiums paid for group health insurance are tax-deductible for the employer, and employer contributions to employee health insurance premiums are not subject to payroll taxes.
Cost Savings for Employees
Group health insurance plans typically offer lower premiums and better coverage than individual plans. This can result in cost savings for employees, particularly those with pre-existing conditions or high healthcare costs.
Offering group health insurance to your employees can provide significant benefits to both your business and your employees. By attracting and retaining talent, improving employee health and productivity, and providing tax benefits and cost savings, group health insurance can be a valuable investment for your business.
Request a Quote Today
Ready to learn more about the benefits of offering group health insurance to your employees? Request a quote today by calling our office at 541-447-6372 or reaching out to us on social media. We’re here to help you find the right coverage for your employees in Oregon, Washington, and the Pacific Northwest.