Employee Paid Benefits Helps Keep Employees | Employee Health Care ...

Employers know that the more benefits they can offer to their employees, the more likely the employees will not walk out on the job, leaving them in a bind. Employee turn over can be a real expensive problem for employers today because of training expenses, human resource manpower, and other tasks.

Now that many employers see the benefits and financial savings of offering these plans to their employees, they are offering more employee paid benefits than ever before. Not all benefits are completely paid by the employer, but when insurance and vision plans are offered to employees at group rates, it is still a big savings to the employee.

Employee paid benefits are usually health insurance, disability insurance, vision plans, dental, life insurance, and health savings plans. Many employers will pay the entire premium for the employee and partial premiums for the family of the employee. The part the employer pays is considered a non-wage compensation that the employee receives in addition to their wages. This is a big savings for the employee because the amount of premium the employer pays is not considered income and the employee does not pay income tax on that amount.

Today employee paid benefits are not just for large companies. Small companies can now have access to group rates on insurance as long as they have at least two employees and no more than 50. Each state has their own rules and regulations regarding group health and other benefits, so contact an agent in your town to get answers to all your questions.

Health insurance is especially important to families today, so if you are the owner of a business, find out how you can help your employees have these benefits. Employees that work for a company that does not offer benefits should suggest their company find out how employee paid benefits can help their company. Most people who don?t have, or offer, these types of benefits feel they are out of reach for them, but there are policies and plans available today to fit almost any budget. Don?t go without anymore, obtain the benefits you need today.

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Source: http://www.americanwellnessandimaging.com/373/employee-paid-benefits-helps-keep-employees

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