San Bernardino, CA – We Have Low-Cost Insurance Benefits for Employees Available

Low-cost insurance benefits are incentives that cost employers little to no money. If you are a smaller business or just getting started, low-cost benefits are a way to increase employee satisfaction and retention without going over your budget.

Standard employer-sponsored benefits include health, vision, and dental insurance, retirement programs, and paid time off. Some benefits are required by law, including unemployment, worker’s compensation, and disability.

Health care costs are exorbitant and steadily increasing, with many smaller employers feeling they cannot afford to provide such benefits. Low-cost insurance plans are a middle ground that keeps prospective and current employees happy while maintaining a healthy bottom line for your business.

Low-Cost and High-Value Employee Benefits Are Possible

Instead of providing health insurance, your business may choose to provide paid time off. By doing this, you avoid paying costly premiums, but your employees can take time off to tend to any medical issues and receive compensation for this. Sometimes it’s the little things that make a difference. If your organization is not yet in the position to offer a substantial benefits package, this is an alternative that shows you value your team despite limited resources.

Offering flexible work schedules is another low-cost and high-value benefit. The last few years of life amidst an ongoing pandemic have solidified and fortified the need for a sense of work-life balance in many people. Individuals who had never had the opportunity to work remotely were suddenly able to do so and experienced an increased sense of flexibility. Without a commute and the daily rigors of a 9 to 5 schedule, they found themselves able to attend to the other basic needs of their daily lives and still get their work done. Increasingly, prospective employees seek adaptability in their work schedules, and offering this will make your workplace very appealing.

Low-Cost Insurance Benefits Add Value To Your Business

The provision of a low-cost insurance plan can be of great benefit to your employees. Low-cost insurance plans have their pitfalls, for instance, higher deductibles and out-of-pocket costs, as well as narrower networks of providers. When selecting which plans to offer your team, it is imperative to consult with experts who understand the marketplace and can assist you in evaluating the pros and cons.

Small-group health insurance allows employers to pay a fixed premium, with employees responsible for their deductibles. In addition, employees can pay a monthly allowance in an Individual Coverage HRA (ICHRA) plan.

Low-Cost Insurance Benefits Make Care Accessible to All

Employee Retention Benefits Inc (ERB) has made it our business to understand the benefits marketplace inside and out. Whether it be low-cost insurance or another type of program, we’re experts at assessing the needs of your workplace and providing optimal outcomes. If your company is located in San Bernadino, CA, or surrounding areas, contact us and find out why we’re the premium employee benefits firm on the West Coast.