Attraction of Talent: Providing health insurance can make a small business more attractive to potent
. Attraction of Talent: Providing health insurance can make a small business more attractive to potential employees. Many job seekers choose a company based on the consideration of health benefits. Having a group health plan gives small businesses a competitive advantage in attraction of skilled workers.
3. Employee Retention-Insurance can boost employee job satisfaction and loyalty. If they really believe that their employers truly care about their wellbeing, they are more likely to stay with the business. This leads to low cost of turnover, that in itself is a tremendous cost for small businesses
4. Tax Benefits Employers mostly enjoy tax deductions when offering their employees’ health insurance. Tax-deductible premium, which employers pay for employees' health plans, can save employers on costs incurred during coverage provision.