5 Reasons to Offer Health Insurance to Your Employees

Are you a business owner, and you have been on the fence about providing health insurance to your employees? If so, continue reading this article to find out the top five reasons why you should consider offering it to them. According to Policy Advice, about only 34% of the population in the U.S. has public health insurance, which is significantly lower than in countries like the United Kingdom and Canada. So it may be time for you to provide something a little more to your employees.

1 - Happier and Healthier Employees

Many employees believe that health insurance is one of the best benefits they can get from their employer. This is one of the top reasons to offer health insurance for employees. When considering the benefits to provide employees with, health benefits should rise to the top, even above personal time off (PTO).

2 - Tax Breaks

When you offer health insurance to your employees, there are tax breaks for both you, the employer, and your employees. When you offer health insurance to your employees, they can use pre-tax dollars. This means they pay for their health insurance before being taxed. This reduces the amount of money that is counted as income for tax purposes. Employers also have tax breaks because their contribution for employee health insurance is tax-deductible.

3 - Greater Access to Doctors and Hospitals

When you offer health insurance to your employees, you are giving them access to a more extensive network of hospitals and doctors. Employees do not have the same access when they are part of an individual network. The availability of networks changes based on state as they offer different plans.

4 - Improves Productivity

When employees do not have access to proper reach care, they worry and are not focused. Conversely, when employees feel cared about and have access to the best care, they bring their best selves to the job every day.

5 - Easy Process

It is easier than you realize to provide health insurance to your employees. You can find a health insurance advisor to help you through the process, so you do not have to do it alone.

If you are not sure about providing health insurance for your employees, here are five excellent reasons to consider providing these benefits. Consider all of these benefits' perks for you and your employees.