Now that health insurance is mandated by law, is it still a benefit? Back 'in the old days' health insurance was a benefit used as an extra to attract applicants for jobs and to retain employees. The consensus was if you offered a good plan, you would get better people. As medical costs skyrocketed, the consensus became the truth.
However, if you are one of the companies mandated to offer health benefits to your employees, and people are required to have a form of health insurance, can you honestly list your health plan as a benefit? After all, many people expect to be offered health insurance.
The answer is yes, a health plan is still a benefit, however it isn't the perk like it used to be. So, consider adding benefits to your health plan if you want it to be meaningful to your team.
Why You Should Bolster Your Health Insurance
You need to bolster your health insurance plan because you want to attract people to your company and you want to keep employees. You could do this in two ways:
Buying a Cadillac health plan is out of the realm for most companies. However, it is possible to offer your employees benefits to encourage a healthier lifestyle.
When your employees begin something like this, don't stifle it. These are the kinds of fun activities they'll remember the most about working at your company.
Innovative ideas will not only help your recruiting and retention, but it will improve your employee engagement.
Culture Insurance is based in San Diego and specializes in commercial insurance and risk management. However, we aren't only about insurance. We want to help your company grow and thrive in today's marketplace. If you have any questions or would like us to review your insurance plan, feel free to contact us.