Large employers offering employees health benefits need to choose between opting all employees in automatically, encouraging them to opt-in, or making them opt out of health benefits. When it comes to health insurance, opting in and out plays a key part in enrollment. Using the right strategy can help you as a large employer provides coverage for your employees.
All businesses with over 50 full-time employees are required to offer health insurance or be penalized $3,860 per uninsured employee. Our Affordable Care Act (ACA) compliant MEC benefits calculator breaks down the cost of remaining incompliant vs. annual costs with MEC here. Offering Minimum Essential Coverage benefits saves over $180,000,000 annually.
Encouraging preventative care benefits your company short and long term. When employees have access to resources to support their wellbeing, they are able to utilize it to continue on a healthier trajectory to be more present and engaging during day to day tasks.
Access to physical and mental resources promotes healthy and happy employees. When employees are healthy, both physically and mentally, it ultimately increases overall productivity in the workplace. For more information on how to promote healthy habits in your workforce, read on.
Providing health benefits that prioritize the health and well-being of employees is an efficient way to improve workplace productivity.
Voluntary benefits are often offered as an option by employers to their employees. This health coverage option exists at no cost to employers and is therefore often a no-brainer option to offer employees. We’re sharing everything you need to know about voluntary benefits in our guide.
Offering healthcare benefits to employees doesn’t have to complicated and expensive when utilizing remote healthcare options.
Sixty percent of employees rated benefits as a very important contributor to job satisfaction. With that many employees placing value on employee benefits, it’s important that you, as an employer, ensure your benefits are set up and attract and retain the best employees. According to Career Builder, only 49% of employees are satisfied with their current benefits, which means you have the opportunity to make your benefits even better to appeal to 51% of your employees!
Attracting and retaining the best employees is likely of the utmost importance to you and your business. There are many ways to show your employees you care. One of the most effective ways is through offering voluntary benefits as part of your health insurance plans.
Voluntary benefits, also known as worksite benefits, are an effective way to attract and retain the top employees with little to no effect on your bottom-line. These benefits are a great way to fill the void of coverage that traditional benefits don’t cover. What most employees and employers don’t realize is the effect that voluntary benefits offer to both parties.
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© SBMA 2021 – all rights reserved
site designed by digitalstoryteller.io
