Find Affordable Cars in West Virginia
Find Affordable Cars in West Virginia At the time of writing this article, interest rates on car loans are above the 6% on average. That’s
Benefits packages can be a headache for small business owners in West Virginia. The general rule of thumb is that the more employees you have, the cheaper coverage becomes. But you don’t have 500 employees. You have five. So is there any hope of finding an affordable plan that meets your employees’ needs?
At United Security Agency, we find affordable group health insurance plans for small businesses of any size. Statistics show that over 99% of all businesses are small businesses, and each one should at least consider offering group health insurance.
Despite sizable premiums and monthly costs, group health insurance can benefit a business in the long run. Here are three reasons why group health insurance for small businesses in West Virginia is a good strategy to consider.
Employees want to work for businesses that show they care. Robust group health insurance plans demonstrate that the employer cares about the well-being of employees. Over the past two years, the workforce has experienced an incredibly high rate of burnout, and experts have pointed to a lack of benefits and support as one reason behind this trend.
Statistics show that if employees feel as though employers care about their health and well-being, they’re 69% less likely to look for another job. By improving employee satisfaction through group health insurance, your teams will be more productive while seeing lower turnover.
The labor market has been especially difficult for businesses in 2022. With so much economic uncertainty looming, it’s hard to forecast where the labor market will be in six months to a year. But one thing is true right now – your business is competing for top talent.
To attract this talent, you need to offer competitive group health plans to new hires. Why? Because nearly four out of five employees would take new or better benefits over an outright pay increase. Employees want to work for companies that provide stability and minimize the complexity that goes into navigating insurance and perks.
How can group health insurance help boost small business profit margins? As we’ve already mentioned, attracting and retaining talent will lead to more effective teams and less money spent on training and headhunting. The average business spends over $3500 every time it has to replace an employee.
Moreover, small businesses in West Virginia can work with United Security Agency to maximize their business’s group health insurance plans. We’re experts in finding the best plans for any sized business in West Virginia. Let us know your needs, and we will put together a list of offerings to choose from. Finding excellent group health insurance for small businesses in West Virginia can be a challenge, but our team makes the process easy.
United Security Agency specializes in plan design and implementation. We work with you to create a comprehensive health insurance package that fits within your company’s budget. Depending on your employees’ needs, you may be looking at a complex combination of insurance benefits, including:
There’s no one-size-fits-all solution when it comes to small business benefits. We recommend you talk to our team, share details about your business, and let us help you craft a great policy.
Don’t limit your benefits package to just health insurance. These days, employees also expect perks like 401-K contributions, cafeteria services, and prepaid legal services. When you speak to one of our representatives, he or she can fill you in on the latest information related to benefits packages. Click here to browse all of our group benefits services.
Finally, when you choose United Security Agency as your small business benefits partner, we remain by your side to help with future claims and policy adjustments. We’ll be available by phone or email to answer any questions you might have about your policy.
For example, you might double your staff size and wonder how that will affect your group coverage premiums. Or you might find that you have more cash at the end of the year and want to reinvest it into your team. Should you add vision coverage? Perhaps an on-site yoga class would boost team morale. We can help guide you through these benefits-related decisions.