Importance of Health Insurance to Businesses
Health care is a hot topic these days. It’s something that is incredibly important to everyone regardless of who they are or their background. It’s something that provides security in case of a catastrophic medical emergency which could devastate anyone, regardless of income. Many employers are taking this into account and are working to offer better health care plans for their employees. It can be an overwhelming process but the payoff is worth it.
Reasons You Should Offer Healthcare to Employees
There are a lot of great reasons to offer healthcare to your employees. Not only does it provide peace of mind for them in case of any emergencies, but it’s also good for business.Employees who are able to take advantage of preventative health services are less likely to miss out on work due to illnesses. This helps cut down on employees calling out of work because they’re sick. Good health insurance can also help you retain employees and have lower turn over rates, while also enticing top candidates to apply.
Providing health insurance to your employees can also help cut down on their stress. The American Institute for Stress found that one of the leading health challenges in the United States is workplace stress, which can negatively impact their health.
Different Types of Health Services
There are a few different health service options employers have to choose from, including PPOs and HMOs.A PPO, or a Preferred Provider Organization, is a group health insurance policy. WebMD explains that “you have a moderate amount of freedom to choose your health care providers. You don't have to get a referral from a primary care doctor to see a specialist. You can see out-of-network (non-PPO) doctors, but you'll pay more and you have more paperwork.” It’s a flexible option for employees.A Health Maintenance Organization, or HMO, offers a more select network of physicians or hospitals to your employees. One of the highlights of this option is that it tends to be more affordable for your employees, but the network they’ll be able to choose from is a lot smaller.
Greenlink offers services that can help make dealing with benefits easier for you and your employees. Let us help you administrate your employee benefits so that you can retain top talent and enable your employees to access the benefits that you provide effectively. Contact us or call 480.385.2525 to speak to our knowledgable staff.