group health insurance

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 It goes without saying that providing health benefits gives you a competitive edge. But with group plans, that edge is even more pronounced. To start, it helps you establish a culture where people don’t have to stress about their insurance needs. When someone new joins, the last thing they should do is get lost in the health care jungle. With group coverage, employees can enroll when they’re hired, which saves them from having to worry about the rigorous process of researching, buying, and maintaining their own individual plans. 

It also does double duty in terms of retention. Considering that replacing a teammate can cost you over half of their yearly salary, this is extremely important, especially for smaller companies who can’t afford the tumult of turnover. Guardian Life found that 80 percent of workers say a comprehensive benefits package is one of the main things that influences whether they stay at their current company. Employers prize the same exact thing. Four out of five companies surveyed by MetLife said that retaining employees is one of their top goals when offering health insurance.