- The effect of health insurance costs on their company’s profitability
- Premium hikes making coverage unaffordable for their employees
- Health insurance costs restricting their ability to give bonuses and raises
As health insurance remains the #1 employee benefit, small business owners are growing increasingly aware of the need to incorporate health insurance in their benefits strategies.
The reality is that recruiting and hiring the best people vastly depends on whether the employer offers health insurance. Those that don’t provide health benefits are more likely to lose their desired talent to the competition.
However, health insurance costs have been climbing for years. According to Enterprise Bank, small and midsize business owners are particularly concerned about:
These are legitimate concerns, as the cost of small business health insurance plans continues to soar.
Read the full article by Grace Ferguson on the Zenifits Workest website.
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