Growing dissatisfaction among employees exists due to inadequate health benefits and high out-of-pocket costs.
Companies are losing top talent because they do not offer competitive health plans.
The Essentials Health Plan™ (EHP) offers an all-encompassing health coverage package that includes primary care, specialist visits, urgent care, dental, vision, life insurance, accident, and hospital plans. This extensive coverage ensures that employees have access to necessary medical services without any out-of-pocket expenses, which significantly enhances their overall well-being and satisfaction. By providing such a robust benefits package, employers can attract and retain top talent, reducing turnover rates and fostering a healthier, more productive workforce.
One of the most attractive features of EHP is that it provides comprehensive health benefits at no additional cost to either employees or employers. By leveraging tax incentives and ensuring full regulatory compliance, EHP offers a cost-free solution that alleviates financial burdens associated with traditional health plans. This financial efficiency not only helps in reducing operational costs but also enables employers to reinvest savings into other critical areas of their business, further driving growth and stability.
Employers need to adopt EHP because it not only addresses the critical need for comprehensive health coverage but also does so in a financially prudent and legally compliant manner, thereby enhancing employee satisfaction, reducing turnover, and improving overall organizational health and productivity.
EHP ensures full compliance with IRS codes and Obamacare regulations, mitigating legal risks and enhancing financial efficiency for employers. Additionally, the plan provides significant financial savings, such as reducing FICA taxes by up to $900 per employee annually and lowering workers' compensation expenses. This dual advantage of regulatory compliance and financial savings makes EHP an attractive option for employers who seek to minimize legal liabilities and maximize cost-efficiency while providing superior health benefits to their employees.
Reduced Employee Turnover
Offering robust health benefits like those provided by EHP can lead to improved employee retention rates. A study by MetLife found that 60% of employees are likely to stay with their current employer because of their health benefits. By providing comprehensive and cost-effective health coverage, EHP helps employers retain top talent, reducing turnover costs and maintaining a stable, experienced workforce.
Higher Achievement and Production
Employees with access to comprehensive health benefits report higher levels of job satisfaction. According to the Society for Human Resource Management (SHRM), 92% of employees consider health benefits crucial for overall job satisfaction. The Essentials Health Plan™ (EHP) offers a wide range of health services at no cost, ensuring that employees feel valued and cared for, which significantly boosts their morale and productivity.
Best Chess Move Ever
Health benefits are a key factor in fostering employee loyalty. Research by the Employee Benefit Research Institute (EBRI) indicates that employees who are satisfied with their health benefits are more loyal to their employer. EHP's extensive coverage and zero financial burden for employees create a strong sense of loyalty and commitment, which translates to higher productivity and a positive workplace culture.
At a Tech Company in Silicon Valley of California, the HR Director was facing mounting pressure due to high turnover rates and employee dissatisfaction that previous employees attributed to insufficient health benefits. The company was also overwhelmed with the complexities of compliance and rising healthcare costs.
Essentials Health Plan™. EHP's promise of comprehensive coverage without additional costs caught his attention. After integrating they experienced a remarkable transformation. Employees now enjoyed primary care, specialist visits, urgent care, dental, vision, life insurance, and more, all without any extra costs.
This shift led to higher employee morale and retention rates. The company also saw substantial savings, reducing FICA taxes by up to $900 per employee annually and lowering workers' compensation costs. Their choice to adopt EHP not only resolved their health benefits challenges but also positioned them as a top employer in the industry.
I am definitely not considering any other job offers from other employers. I know my company cares about me and none can match.
The benefits of EHP really helped me when I needed it. I am thankful for my job and the benefits it offers!
Finding a job with benefits in addition to decent pay was difficult. When I was offered a position with a company that had great benefits I did no hesitate to accept.
David Smith
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