Let’s suppose you are a small business owner with 50 full-time employees that are paid at market value and bring in an average salary of $50,000 a year. You also understand how integral happy and healthy employees are to your business’ success. That’s why, this year, you’re going to offer your hardworking and loyal employees health benefits.
The question you’re asking now is, where do I begin?
On the other hand, maybe your small business has 20 full-time employees, and you’re beginning to hear some rumblings that your employees are thinking of leaving if they don’t get some affordable healthcare options.
Similar to the first scenario, you just aren’t sure where to begin.
These are dilemmas many small business owners face, so don’t worry if you’re confused. Between dense language and ever-changing rules, it’s easy to lose sight of what is required of small business employers in relation to employee health benefits. In this article, we’ll give you an overview of what you can expect when it comes to group health insurance plans, how you can find the right plan for you and your employees, and how to implement an employee benefits package.