The smartest thing an employer can do to increase retention and gain skilled employees is to offer California health insurance plans. Although health insurance seems to be a non revenue generating expense it is in fact just the opposite. Think about what generates company revenue. The employees are what generate revenue. It is statistically proven that health insurance benefits increase employee retention more than any other benefit including 401k and in some cases raises or bonuses.

An employee’s greatest concern is their health. An employer’s greatest concern should also be their employee’s health. A healthy employee is a happy employee. As an employer it is smart to create what is known as a hidden paycheck for their employees that details the amount of money the company is paying on their behalf for health benefits. This shows the employee the hidden monetary bonus they receive every month. Below are some of the benefits an employer see’s when offering health insurance to their staff:

1. Financial security. In some cases, when an employee gets sick, an employer is liable to shoulder at least part of the medical expenses that the employee’s illness will incur. Getting sick in the United States can be very expensive. Having a health care insurance plan to rely on can relieve some of this burden.

2. High morale. Implementing a health insurance plan in the workplace does boost employee morale. Employees that know their employer cares for their well-being increases employee production and attitude in the workplace. Studies have proven that employees are willing to work for less if they know that a portion of their income is being contributed toward their health insurance.

3. Recruitment advantage. All companies know that good quality employees are hard to come by and are essential to a company’s growth. However, in order to attract talented individuals, a company must be able to offer good benefits to prospective employees. Health benefits are the #1 benefit to offer when recruiting new employees.

4. Tax benefits. A company benefits in multiple ways from offering health insurance to its employees. Health insurance is tax-deductible to the company secondly the IRS has a tax code know as section 125. This tax code allows for employers to deduct employees health insurance contributions on a pre-tax basis. This in return reduces the net amount of the employees contributions thus increasing take home pay and reducing the employer’s payroll and FICA taxes.

Health insurance is an investment; it is worth spending a few dollars on. It benefits employees and employer’s equally. To know more about how California health insurance plans can benefit you or your company, call us at 888-202-9441 or email us at admin@ezhealthinsuranceca.com for a free consultation.

Click below to get a quote now for California Health Insurance