Many employers are often reticent about providing benefits of employees health plans. Many of them think that the cost is just too high. In fact, a recent survey of small business in Canada points out that 33 percent do not see how a benefit plan can help their business.
A look at some of the facts concerning the benefits of employees health plans may shed some light on the overall picture. Canadian health care is guided by the provisions of the Canada Health Act of 1984. This act, also known as CHA, is a piece of Canadian Federal legislation that states the conditions and criteria under which provincial and territorial health insurance programs must conform to in order to receive transfer payments. These payments are provided by the Canada Health Transfer program.
When looking at the benefits of employees healthcare plans, it is wise to consider that the provincially based Canadian Medicare systems are cost effective, due in part to their administrative simplicity. That is one reason why providing benefits of employees health plans should be considered. Additionally, a Strategic Counsel survey found that approximately 91 percent of Canadians prefer their healthcare system to that of a U.S. style system.
There are many different benefit plans for the benefits of employees. Some offer a design that will guarantee better benefits for employees, as well as stable premiums to help the business owners. These plans will unbundle health care premiums from other premiums that cover life and disability coverage. The premium dollars are used in conjunction with the administrative costs to determine the level of insurance required. The difference is the allocated to the benefits of employees healthcare plan accounts.
The benefits of employees having good coverage through employee health insurance will ensure a strong workforce. Many employees consider these group health benefits when considering taking a new position. If your company has a strong offering, the benefits of employees under this plan will soon become evident. You will probably attract a strong employee base, as well as reducing your turnover.
Find more about the benefits of employees with strong insurance benefits today, and help your company become stronger.