The health plan can also be set up on a pre-tax basis reducing the overall cost of insurance and lowering FICA responsibilities to the employer.
Having a health plan in place could result in a desirable employee choosing to hire on or not hiring on… They need insurance but will never tell you why due to the nature of the treatment.
What is not to like? Lowering insurance costs and retaining employees is a big reason to have group health.
There are a couple of coverages that many employers ignore when putting in place a health plan….Dental and Vision benefits.
These two benefits are very inexpensive and yet employees find these very appealing in a benefit plan options. They use them every year, where health plans are normally as an IN-Case they have an event type of coverage.
So do not forget about the inexpensive options that is considered very appealing.