Health Insurance: A Security For Your Employees & Company

health insurance

health insuranceWhen you say you are committed to the success of your business, you have to be dedicated to the health of your employees. Just a reminder: you are always responsible for the health and safety of your employees while they are at work. When they get injured or ill, they may try to claim compensation.

Secure yourself and the future of your company by getting health insurance in Oregon and other places. In the Beaver State, entrepreneurs have been practicing this to ensure financial stability. According to a study, the rate for employer that provides health insurance has been increasing since 2001.

The history of employer sponsored health coverage

Employer sponsored health coverage increased as a direct result of wage controls imposed by the federal government during World War II. Authorities didn’t allow employers to increase salaries to attract job seekers. Employers offered benefits such as vacation and sick leave, along with health insurance when they learned it is not included in the restriction to attract workers.

Entrepreneurs appealed for employer sponsored health insurance, though it is less preferred because they believe it would greatly help them achieve their goals. Later on, authorities approved the appeal.

How it works

When you provide your employees with health insurance, you pay on behalf of your workers as part of their benefits. Almost all big companies in the US provide health insurance to their employees. You must pay about 85 percent of the insurance.

When you offer health insurance to your employees, you can levy conditions such as a requirement that the employee be full time before these take effect.

Employee loyalty starts with employer loyalty. Anne Mulcahy once said, “Employees who believe that management is concerned about them as a whole person – not just an employee – are more productive, more satisfied, more fulfilled. Satisfied employees mean satisfied customers, which leads to profitability.”

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