Providing an attractive employee benefit plan is key to hiring and keeping quality people. Whether your company has only a few staff members or you are a large complex organization, providing health benefits can be a key component in your employee's evaluation of your compensation program - and their future.
There are numerous advantages to providing a Group Benefits Plan for your employees.
Your employees and their families are protected against financial problems resulting from unexpected health care and dental expenses.
Your employees benefit from receiving tax-free* health coverage instead of paying their medical expenses with after tax dollars.
The employer receives a tax deduction for all costs associated with the Group Benefits Plan.
The employer benefits by providing employee benefits at a fixed cost and the plan is automatically administered by the insurance company.
A group benefits program is a great way to provide extra compensation to valuable employees as an alternative to a fully taxable salary increase.