Why are Group Benefits Important?
"Employers
who engage in effective wellness programs will see a lower cost to
providing benefits, lower absentee rates and an increase in
productivity. Healthy employees will have a positive impact on office
morale and team building"-from Michael Lavoys' "Switching Gears"
- Group
benefits make up an important part of employer incentive packages and
are often a prospective employee's deciding factor in accepting a
position.
- Employer sponsored benefits are often more
affordable than individual benefit plans, because an insurer can
effectively spread the risk of the insurance across the entire group.
- In
addition to more affordable premiums, group insurance plans typically
have more comprehensive coverage options and a wider selection of plans
available to choose from.