Healthcare is really costly. The US has one of the highest healthcare costs globally, with reports indicating that in 2018, the country spent about $3.6 trillion on healthcare. That’s an average of $11,000 per person. As such, people are increasingly seeking employment that provides insurance. Employees highly value an employer who offers insurance. Here are more reasons why health insurance for businesses is critical in Asheville, NC.
Importance of Health Care Benefits to Employees
Health care insurance plays a critical role in your business. Besides providing your employees with peace of mind while they are at work, it will increase the productivity of your workforce. Here are other reasons why it will work to your advantage when you provide healthcare benefits to your employees:
• Tax incentives
As a business, you can deduct the cost of premiums from the federal business taxes.
• Employee recruitment and retention
Offering a health care package for your employees is very attractive to new hires. It sets your business apart from others, thus bringing you more qualified talent. Employees are also most likely to stay in a company that offers health insurance than one which doesn’t.
• Ensure the wellness of your workforce
Insurance covers offer your employees a chance to get yearly physicals which play a role in preventative care. This translates to the well-being of your workforce and more productivity overall. You don’t have employees out for long periods over an illness.
• Healthcare tax credit
If your small business has less than 25 employees, you are eligible for a tax credit for providing healthcare insurance for your employees.
• Lower premiums
Signing up for a group plan insurance cover will cost you lower premiums than getting a personal insurance plan.
We offer health insurance for businesses in the Asheville, NC, community. Contact Integrative Family Medicine of Asheville through our online form, and we will customize your plan to your needs.
