Long Beach, CA – Types of Low-Cost Insurance Offered by Our Providers at ERB

Let’s face it–

You want to offer the best of the best to your workers. You need to know that they will be taken care of if they fall ill or get hurt, whether on the job or not, and the best way to safeguard their health is by offering a great insurance plan.

Problem is, the best insurance plans come with a commensurate price tag. To some organizations, the cost of providing health plans that cover all bases is too much to handle. What’s more, it’s a moot point if the employer can provide it if the cost to the employee negates a significant portion of their salary.

Luckily, Employee Retention Benefits has solutions.

Low-Cost Options Available

The most comprehensive plans with excellent coverage really dent that bottom line in a big way. To mitigate this while still providing some coverage for your employees, low-cost options like small group health insurance are available with ERB.

Small group health plans require the employer to pay a fixed premium per employee on the plan, while the employee is responsible for the deductible. This leaves employees responsible for health-related costs, but the employer assists to make it more affordable. The shared expense helps make it more affordable for both parties.

In addition, ERB offers ICHRA, or Individual Coverage HRA, plans. With this in place, an employee may pay a monthly allowance to be stored in this account and used for health-related bills and expenses.

This is just another way an employee may mitigate the cost of a health plan while simultaneously enjoying coverage.

Why Insurance Matters

In our modern-day society, the costs associated with health and medical might be astronomical. An accident or unexpected illness could have a catastrophic impact on an individual that has no coverage in place whatsoever.

The right kind of disaster might effectively bankrupt your employee and annihilate their quality of life.

As the employer, you want to know your people are taken care of and will not be decimated by simply going to a doctor when they’re sick. After all, people are the heart of your business. Without your people, your business is nothing.

Building on that, insurance is one of the things that will attract an individual to your company for employment. A competitive array of benefits and insurance options are what sweetens the deal during hiring.

A happy employee enjoying a full range of benefits is significantly less likely to take their skillset to the open market. To truly thrive, you want your people committed to your company, not just the paycheck.

Custom Plans With ERB

ERB understands that insurance and benefits administration is not a “one size fits all” type of arrangement. That’s why packages and plans are customizable, so your organization may enjoy features that make sense to you and your employees while leaving out extras that are purely extraneous.

Contact ERB now and find out how they will help you today!