TO KEEP THE BEST, LICA MEMBERS SHOULD OFFER THE BEST

According to the consulting firm of Wolters Kluwer, “Benefits are a critical piece of an employee compensation package, and health care benefits are the crown jewel.” Health care benefits are the most popular of benefits to employees. Every employer must at least consider whether to offer these types of benefits, and in some cases employers must offer health care in order to remain competitive with other businesses for the most talented employees. Another reason why many employers choose to offer health care benefits is so that they themselves can take advantage of less expensive health benefits than they could get on their own. That’s why LICA created its own health plan exclusively for LICA members.

LICA Members should consider the advantages to the LICA Health Plan.

It can reduce absenteeism.

A healthy employee is present and more productive. And the more physically sound workers are, the less prone they are to injuries and less likely they are to miss work.

It can be a recruiting tool.

Sought-after employees often have the advantage in negotiating job perks and benefits. If a potential employee is deciding between two jobs (or if a current employee is thinking of leaving), benefits like a superior health plan can tip the balance in your favor.

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It can increase retention.

Employees are more likely to stay with a company that offers valuable health benefits, as they can be far more costly to replace on an individual basis.

It can boost employee satisfaction.

Workers tend to place higher value and feel more favorable about jobs and employers that provide good health benefits.

It’s convenient.

Don’t underestimate the convenience factor for your employees. Spending time and effort looking for private health coverage on healthcare.gov or on a state-sponsored online health exchange can be confusing and stressful. When you offer employer-provided group health coverage, your employee can choose your plan and avoid that search.

Find out more about the LICA Health Plan today by contacting your World Insurance Agents: Vincent Basciano, 973-871-1512, vincentbasciano@worldinsurance.com; Terence Gorman, 848456-8600, terencegorman@worldinsurance.com.