Attracting and Retaining Top Employees with Health Care BenefitsBack
Many small-business owners mistakenly believe they cannot afford to offer benefits. But while going without benefits may boost your bottom line in the short run, the penny-wise philosophy could strangle your business’s chances for long-term prosperity. “There are certain benefits good employees feel they must have,” says Ray Silverstein, founder of PRO, President’s Resource Organization, a small-business advisory network.
A tighter job market requires that an organization present itself as an employer of choice, a situation that is leading HR to offer benefit options that appeal to a wide range of employee demographics. Heading the list of must-have benefits for most employees is medical insurance. Providing a good employer-sponsored health plan is a key factor in attracting and retaining valuable employees.
In a 2016 Strategic Benefits survey released by the Society for Human Resources Management (SHRM), more than two-thirds of HR professionals said that health care will increase in importance to recruit employees in the next three to five years
Fringe Benefit Analysts offers a comprehensive and competitive variety of group health and healthcare products from leading insurance carriers in Utah and nationwide.
Some of our group health insurance partners include:
- Altius Health Plans
- Regence Blue Cross/Blue Shield of Utah
- Select Health
- United Healthcare
However, offering health plans to your employees requires that you also comply with all healthcare reform laws to avoid costly fines and fees. At Fringe Benefit Analysts, we partner with companies to help employers understand, design and manage PPACA, COBRA, HIPAA and ERISA.
As your healthcare broker, Fringe Benefit Analysts also acts as your employees’ advocate with insurance carriers regarding claims resolutions, ID card errors, enrollment issues, appeals, provider locations and billing problems.
Choosing a plan that is right for your business, budget and employees is crucial to your company’s continued success. Contact a Fringe Benefit Analysts representative today to discuss your needs and options pertaining to health care benefits. Start your journey toward recruiting and retaining the market’s top employees with your benefit package today.
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