Today, small companies must be able to offer competitive incentives and benefits to those offered by corporations. Being able to provide group health insurance for employees can be an important factor in recruitment and retention of employees. It can be the difference between hiring and keeping the best employees available or hiring the best you can employ under your current circumstances.
Benecaid is a third-party administrator that offers benefit plans that, through unique strategies, can offer affordable insurance to even the smallest operation. This allows smaller companies to be competitive in recruitment and enables employees to work in environments that fit their own working style, safe in the knowledge that their loved ones are being looked after.
Free Yourself from the Traditional Plans
Firstly, small businesses can’t compete if they look to the traditional group plans acquired by competitors in the corporate space. At Benecaid, we offer plans that can be customized (Benecaid flexStyle and Benecaid flexFIT) to allow small businesses the ability to break tradition without breaking the bank. Your solutions need to suit your needs and, in the case of employee benefits, those solutions need to meet the needs of the trained professionals you want on your staff.
Do More Than Just Show Them the Money
Salary is always an important consideration when making a choice to join a new company, but benefits can have just as big an impact as salary when an employee weighs his or her options based on the needs of loved ones. Benefits can and should provide proper protection for an entire family. Every time a family member goes to the dentist or fills a prescription, while their health is the determining factor, finances can also play a role in the decision. Should no coverage exist, the cost of the treatment may hinder the decision making process and cause financial implications to become a priority over health. For this reason, Benecaid has created small business insurance solutions that are as unique and different as the companies they protect.
It Works By Creating a Win-Win Scenario
Benecaid has helped numerous businesses combat difficulties caused by the size of their operations by creating a model that benefits everyone. Whereas volume has helped corporations provide the benefits employees seek at a lower cost, customization has helped smaller businesses to do the exact same thing at a fraction of the cost it would have taken several years ago. Your employees need the peace of mind that comes with knowing their loved ones are protected, and employers need to know their top talent won’t be swayed away by a company that could provide a similar salary but better health benefits. Doing so, within budget, is the essence of what makes group insurance work for small businesses.