WHY OFFER
CALIFORNIA GROUP HEALTH
INSURANCE PLANS
Why you should offer California Small Business Health Insurance to your Employees.
The State of California maintains a system where health insurance is largely tied to an individual’s place of employment. That is to say, you get your health insurance about 60% of the time at your job. Group health insurance in turn is much more valuable these days to your employees as the out of pocket costs for a California resident has skyrocketed in recent years. If an employee or their dependent has a major health condition, the health insurance is that more valuable.
Benefits of offering your
employee group health benefits
Increases retention levels. An employee will now think an additional length as health insurance costs rise, it becomes a much greater consideration to leave a job where health benefits exist.
Increases employee job satisfaction. Let’s face it...offering your employees health insurance benefits in California makes them happier, healthier, and thus better able to do their jobs. It tells your employees you care about them and their well being, and you want to keep them working with you.
Specialized programs and tax benefits. Health insurance premiums are now 100% tax deductible as a business expense, and specialized employee programs such as flexible medical spending programs and federal section 125 Premium Only Plans allow employees to utilize pre-tax dollars for qualified medical expenses and premiums. Common expenses such as child’s daycare can even be spent through pre-tax flexible medical spending accounts.
