Small business owners who offer health benefits experience a number of business advantages. No matter how many employees are within your company, the benefits of providing health coverage are clear for them and for you.
A Glassdoor survey found that employees viewed health insurance as the most important benefit they receive from their employer. Offering coverage to employees can help businesses compete for the best employees and keep them working.1
A MetLife study found that 60% of employers linked offering health insurance to higher productivity levels. Health insurance can help protect employees and their families with coverage for wellness visits, prescription drugs, emergencies, mental health benefits and chronic conditions. This in turn can help keep employees happy, healthy and productive!2
Employers sponsoring coverage as a group can access coverage from a broad network of providers, benefit plans and network options. This means employers, employees and their families can access care when and where they need, reducing time away from the business.
Offering health insurance could present tax advantages to the business in the form of deductions and payroll tax benefits as well as the possibility for employees to use pre-tax dollars for their portions of the premium.
If you have between two and 50 full-time employees, you likely qualify to purchase a health care plan for your small business. To purchase insurance as a small business, your company typically also needs:
