Why do employers need group health insurance?

We understand that owning and running a business is a lot of work. 

Not only are you dealing with daily operations, but trying to attract and retain staff can be challenging. In addition, workplace safety and employee wellness should be a top priority for any company looking to be competitive and progressive in their industry.

Not long ago, small businesses weren't considering investing in health insurance. However, with our ever-changing marketplace, low unemployment rates, and remote work flexibility, employers aim to attract the best workforce possible. One of the best ways to do this is by focusing on employee benefits. There are several advantages to this, which we will explore below.

Investing in your workforce shows you are more than just a taskmaster focusing on high sales figures. Although those things are essential, you will need more than those to help your brand or image in the long run. As a small to medium-sized business, news travels fast around business networks, and you want to have a positive impact on potential customers, partners, and future job applicants.

In addition to keeping a positive brand image and attracting top talent, there are legal advantages and requirements for some employers to offer a qualified health plan. As your company grows and expands, you may be legally required under the Affordable Care Act to provide a form of an affordable health plan to your eligible staff.

Finally, having a healthy staff is a substantial long-term benefit to any organization. If your employees have access to coverage, they are more likely to seek care in the event of an illness or accident. Seeking treatment earlier has shown less absenteeism and better recovery rates. An employee without coverage, however, can cause an organization to seek a replacement candidate, spending countless hours and expenses trying to fill that employee's position, wasting many resources over time.

Strategic Benefit Partners specializes in helping small to medium-sized businesses find affordable options that fit the employer and employee's needs and budget. We want to help boost your company's credibility, brand, and appeal.