Cause you value your employees
The value of employee health benefits is largely intrinsic. As employers, we all feel like we "should “offer health benefits. We all "know" employees value them. The good thing is there are measurable advantages to your business.
Health benefits help your business recruit and retain the best workers.
Health benefits are an enticing component of a total compensation package and a valuable tool to acquire the best talent in your industry.
Health benefits also help you retain valued employees.
Employees who are very satisfied with their benefits are almost four times more likely to be very satisfied with their jobs.
Yes, health benefits are valuable. And yes, they can have a positive ROI on your operating budget.
The Affordable Care Act health plans can assist your business with maintaining the health of your employees. You will find we offer multiple plan options Bronze, Silver and Gold metal levels with low to high deductible and some plans that include free office visits or health incentive account to help pay for medical expenses. The Affordable Care Act (ACA) expands the definition of small employers to include those with up to 100 employees. As groups with 51-100 employees renew or newly purchase coverage, they must abide by the rules and regulations governing the small group market, including those related to benefit coverage, actuarial value, and premium rating restrictions. The small group rules apply to fully insured plans, whether they are purchased through or outside of the Small Business Health Options Program (SHOP) marketplace. Plans covering groups with 100 or fewer insure are not subject to these requirements.
In addition to the expansion of the small employer definition, the ACA’s shared-responsibility provisions-which already apply to groups of 1-50 will begin applying to groups of 51-100 employees in 2016. Under these provisions, employers will may face financial penalties if they have employees who obtain subsidized coverage in an exchange and either don’t offer coverage or offer coverage that doesn’t meet minimum value and affordability requirements.
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