Small Business Health Insurance, is it worth it?

Small businesses are a big deal

Small business health insurance, is it really worth it? According to the State of Oregon government website: “Small businesses account for 98% of Oregon firms, employ over half the state’s workforce and play a vital role in our economy. That’s especially true for rural Oregon. It depends on small business for economic growth.”  Here in the Willamette Valley they are plentiful and flourishing. In order for them to continue to thrive we need solid employees. Providing them with health insurance is a big step in the right direction.

What can help set my small business apart from others? What attracts quality workers? One of the main components that people are interested in while looking for a job is the health benefits that are offered. Do you want to attract good workers? Then you need to invest in good health insurance coverage for your employees.

Offering a good health care package can be the defining choice that leads a potential employee to choose your business over another. When employees come and go it makes it hard to become an established presence in the community. High turn over can negatively impact your business. The time and energy it takes to hire, train, and supervise a new employee takes away from the focus of growth and stability. Employees need to feel happy and well taken care of. When they do,  they become invested and want to stay in it for the long run.

When you provide a good health insurance plan for your employees it boosts morale and makes everyone feel as though they are respected and cared for. Happy employees mean more production and ultimately business growth. It may seem like a big investment up front, but by keeping your employees happy it increases loyalty and productivity

Happy employees mean healthy employees

Another natural benefit that comes from offering a good health insurance plan to your employees is the fact that they will have regular access to health care. This will result in healthier employees! When they have the ability to receive regular check-ups, preventative treatments, and emergency care your employees health will improve, and that benefits everyone.

Finally, when you go above and beyond in providing health insurance for your employees, they will go above and beyond in their quality of work. When they feel valued, it leads to longevity. Less turn over and happier employees is a win-win situation. If you have questions about which type of plan would work best for your business, or you just opened and are looking into your options, we would be more than happy to help. Please do not hesitate to give us a call!