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With over 76 years of experience, The Jordan Insurance Group is an industry leader in Life Insurance strategies and Employee Benefits. We strive for excellence through our due diligence in selecting products to satisfy our clients’ needs with proven benefit designs and tax strategies. Our Team utilizes a diversified multi-level approach in preserving, protecting and growing wealth for our business and individual clients.
Understanding the Benefits of Providing Insurance to Your Employees
If you're thinking about providing your employees with health insurance, you should certainly be aware of today's most recent regulation changes. The Affordable Care Act mandates that almost all employers with 50 or more The Jordan Insurance Group, MD, Employee Benefitsemployees must provide their workers with health insurance. Employees can opt out of the health coverage and buy a policy on their own, but it must at least be offered at an affordable price by the employer. Regardless of the size of your company, there are many advantages to be gained by offering health coverage. First and foremost, health insurance acts as an incentive, which can help you recruit the best of the best employees. By showing these workers that you care about their health, you are essentially stating that you care about their livelihood, as well as their families. There are many rules and regulations in place on both a state and federal level that will affect the health insurance mandates you need to abide by. You may find that it is mandatory for you to offer insurance. Still yet, though, you'll find better employee-retention by offering it anyway. When employees know they can count on you to provide health coverage, they will provide their full potential of productivity, which is a win-win for everyone. They will be receiving insurance, while you'll be enjoying higher productivity levels, which leads to higher profit margins. If you have yet to decide whether or not to offer your employees with insurance, you should contact an insurance specialist today. This type of professional can assess your information as an employer and inform you of your most affordable insurance options. You will find that providing health coverage to your employees isn't as expensive as you might have initially thought. And you'll also be able to evaluate the penalities that you'll have to pay if you don't provide health coverage.
William Jordan
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