Group Benefits
Group Benefits
Having group health insurance typically comes from an employer. There are many advantages to it when compared to individual insurance, and those advantages are for both the employee who gets the insurance and the employer who offers the insurance. If you are looking to understand group health insurance advantages, either as an employer or an employee, here are some things to carefully consider.
Many business owners will agree that an employee benefit package is one of the best ways to attract and retain top talent. It not only instills an employee's trust in the company, it’s also often a business owner's most necessary investment.
While business owners constantly try to find ways to reduce their expenses and increase profit margins, opting out of group benefits is in fact the opposite of a smart financial move. To that end, a survey conducted by Glassdoor found that 79% of those surveyed preferred employee benefits over a higher salary. It's quite an eye-opening sentiment that clearly indicates what your employees find important.
This information is provided as general information and is not intended to be specific financial guidance. The information and opinions expressed herein are from sources believed to be reliable; however, we make no representation as to its accuracy or completeness. Before you make any decisions regarding your personal financial situation, you should consult a financial, legal or tax professional to discuss your individual circumstances and objectives.