Group Health Insurance in West Virginia
Unless your business in West Virginia has over 50 employees, you aren’t required to offer health insurance for your employees. However, group health insurance with Mark E. Snapp & Associates can be a tantalizing offer for both a small business as well as the employees of that small business.
In almost all cases the rates for group health insurance will be better than the rates for an individual health insurance policy, and the small business can get the benefit of tax advantages for offering a group health insurance plan as part of their employee benefits package. Help make your team healthier and more appreciated by contacting us today to review your group health insurance options.
Group Health Insurance for Employees in West Virginia
Maybe you haven’t thought about group health insurance as a bargaining tool, but it is, at least in the minds of the potential employees who are looking at what you offer beyond the pay rate. Regardless of the amount that the business would cover of the employee premiums, just the fact that you offer it is appealing to many people and elevates your small business over other small businesses that either can’t or don’t make the offer of group health insurance.
Along with attracting talent to your small business, having a group health insurance plan also helps you to retain your employees longer. They understand that they would be giving up several benefits to working at your small business, including the group health insurance, and this can make your small business more attractive to remain at rather than trying to start over.
Benefits of Group Health Insurance in West Virginia
Yes, we all know that businesses have tax advantages when they offer group health insurance plans in West Virginia. However, there is another benefit to a small business that offers insurance options and that is the reduction in having to train replacement people. Because turnover often falls when a group health insurance option is implemented with Mark E. Snapp & Associates, the training costs also go down and save the small business valuable money.
If all you are doing is looking at the financial cost of group health insurance, then you are missing out on the other advantages that significantly add up for a small business. After Reconstruction, the new 35th state benefited from the development of its mineral resources more than any other single economic activity.
In 1889, in the southern part of the state, along the Norfolk and Western rail lines, the important coal center of Bluefield, West Virginia, was founded. Coal is not the only valuable mineral found in West Virginia, as the state was the site of the 1928 discovery of the 34.48-carat Jones Diamond. Contact us today to discuss adding group health insurance for your small business.