Why Offering Health Insurance Makes Business Sense

Sure, offering your employees health insurance would be nice. But then again, you donıt really need another bill to pay, do you? Fortunately, Blue Cross BeneFits is affordable for small businesses like yours.

And the thing is, offering health insurance isnıt just an expense ı itıs an investment. Itıs an investment in your employeeıs health. And ultimately itıs an investment in the health of your business. Hereıs whyı

• Better health means better employees. An employee missing time because of an illness can leave the rest of your staff scrambling to cover their workload. That means everyoneıs productivity goes down. Having access to quality care keeps people healthy. And the wellness programs offered by Blue Cross keeps people even healthier, by encouraging and helping them make healthy lifestyle choices.
• You want to attract the right people. Face it: all the big guys give their employees insurance. And when the best, brightest, and hardest-working people look for a job, health coverage is one of the things they want to see. By offering health insurance, you get a fighting chance to attract the right people. And you get a leg up on the other small businesses youıre competing with.
• Once you found the right people, you want to keep them. We donıt have to tell you how expensive it is to train new people. Turnover is a problem for every business. Thereıs nothing worse than investing your time and money in training an employee, only to have them say ıSee ya!ı as soon as something better comes along. By offering insurance, you give people an incentive to stick around.

But What About The Cost?

Sure, these are good reasons to offer health insurance. But thereıs still the issue of cost.

BeneFits makes that easy to deal with, too.

• You share the cost with employees. You can fund as little as 25% of your employeeıs premiums. If you want to add dental coverage, you fund 50% (sure, thatıs a bigger percentage ı but dental coverage starts as low as $11 a month). The low contribution option still means your employees get access to affordable care. And itıs easy on your bottom line.
• Your contributions are tax-deductible. The money you put in for your employeeıs premiums is considered a qualified business expense in most instances. So you can deduct 100% of the cost from your taxes.
• You can save on payroll tax. If you pay less than 100% of your employeeıs premium, you can sign up for the optional Ceridian payroll tax program. With this option, your employees can use pre-tax dollars to pay for their premiums. That lowers the withholdings on their paychecks. They get more take-home pay, and you get lower payroll taxes. Signing up for Ceridianıs service costs $125 a year. But if you have 5 or more employees enrolling in BeneFits, youıll get the first year free.

Sound good? Enrolling is easy. You can get started right now by applying online.

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