Employee benefits plans have become an influencing factor in a competitive job market. While potential employees are looking for the best salary, information shared by the team at iSure Insurance Brokers reveals that the employee benefits packages are often the most sought after component when comparing job offers or potential employers.
Start With the Basics
Because of the ACA mandate, most employers are required to offer their employees a form of health insurance coverage. According to the law, large employers become obligated to provide a number of their full-time employees and their families with a minimum essential healthcare insurance plan that would pay for at least 60% of covered services. As coverage is expensive, employers are allowed to require that employees cover some portion of the premium cost.
Make It Affordable
Many employees still find the cost of health insurance unreasonable, and employers can work to lower the price of the options by relying on the services of a group health insurance broker. With a specialist working on your behalf, plans across several providers can be compared to find out which cost and what services will be best for your company. Choosing a group insurance plan will also be a lot less expensive than single-payer plans, making it a win-win for both your company and its employees.