Offering Employer-Sponsored Health Insurance in norman

Don't just assume you can't afford benefits for your employees. Small businesses are the backbone of the economy, but many struggle to offer competitive benefits packages in Norman. However, employer-sponsored health insurance can be affordable for small businesses and can help attract and retain better employees.

The first step in offering affordable health insurance is to understand the options available. Small businesses can purchase group health insurance with as little as 2 employees! Some small businesses trying to offer benefit packages in Norman may even be eligible for subsidies to help both the employer and employee afford coverage.

One of the primary advantages of offering employer-sponsored health insurance at your Norman business is that it helps you attract and retain better employees. In a competitive job market, employees are looking for more than just a paycheck. They want to work for companies that offer competitive benefits packages, including health insurance. By offering health insurance, small businesses can demonstrate their commitment to their employees' well-being, which can help attract and retain top talent.

Getting employer-sponsored health insurance for your Norman employees doesn’t have to be expensive. In most cases, employers are responsible for 50% of the employee-only cost of coverage. This usually means the employer is paying between $150 and $300 per month per employee enrolled. Of course, employers can choose to pay for coverage for employees in full, but most employers elect to share the cost with their employees.

In addition, offering health insurance can lead to a healthier and more productive workforce. When employees have access to preventative care and treatment for illnesses, they are less likely to miss work due to health issues. This, in turn, can reduce absenteeism and increase productivity, leading to a more profitable and successful business.

Offering health insurance does come with costs, but those costs can be mitigated through careful planning and research and by working closely with your insurance broker who can guide you through the process. A good broker will listen to your concerns, answer your questions, and help manage your benefits packages for you in Norman.

By offering health insurance, small businesses can demonstrate their commitment to their employees' well-being, lead to a healthier and more productive workforce, save money in the long run, and compete with larger companies for talent. While there are costs associated with offering health insurance, the benefits far outweigh the costs and can help small businesses thrive in a competitive job market.