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Why Small Businesses May Want To Offer Group Health Insurance
While small businesses with fewer than 50 full-time employees are not required to offer health insurance coverage, you may want to for several reasons looking at the trends and market in your state and adjacent states.
- Small businesses may want to look at the percentage of individuals who use a group health insurance plan.
- Small businesses may want to offer group health insurance if a high number of similar companies are doing so.
- Prospective employees look at companies who offer group health insurance, which can help you stand out if you do offer it.
- If very few businesses offer group health insurance in your area, you can stand out by offering it to prospective employees and ensure they stay with your company.
- People are always looking for jobs that offer them benefits such as 401(k) and health insurance. And, if there is no cause for leaving, the employees are more likely to stay because of those benefits.
