Who out there offers health insurance for your employees? And do you think that it really helps to keep turn over low?
We have had our group plan for about the last 10 years and just like everything else it just keeps climbing. It is at the point now where my portion (50% of the employees premium) is now costing me over 20K per year. I personally and many of my employees can get their own personal policies much cheaper than what we are paying now.
In addition we have to carry special Employer Benefits insurance to cover us in case I screw up on someones forms, applications, and so forth. The administration of the group is becoming a pain in the rear and I would just rather pay my employees (managers) more and let them get their own policies if they want.
Having a little trouble making up my mind on which way to go.
We have had our group plan for about the last 10 years and just like everything else it just keeps climbing. It is at the point now where my portion (50% of the employees premium) is now costing me over 20K per year. I personally and many of my employees can get their own personal policies much cheaper than what we are paying now.
In addition we have to carry special Employer Benefits insurance to cover us in case I screw up on someones forms, applications, and so forth. The administration of the group is becoming a pain in the rear and I would just rather pay my employees (managers) more and let them get their own policies if they want.
Having a little trouble making up my mind on which way to go.
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