How to Offer Employee Benefits as a Small Business
You don't need a big company budget to offer benefits. Many small businesses start with one or two benefits their employees value, including options employees pay for themselves through payroll.
Step 1: Decide what you want to offer
Common starting points include hospital indemnity insurance and life insurance. Ask your team what would matter most to them.
Step 2: Decide who pays
The business can pay the premium, share it with employees, or offer voluntary benefits that employees pay for through payroll deduction. Voluntary benefits let you offer coverage with little or no premium cost to the business.
Step 3: Check what's available for your size
Most group and voluntary plans have a minimum number of enrolled employees, and it varies by carrier and state. A licensed agent compares what each carrier allows for a team your size.
Step 4: Enroll and communicate
Enrollment is simplest when employees understand what the benefit does. Your agent can help explain the options to your team.
Talk to a licensed agent: 954-306-1645Questions employers ask
What benefits should I offer my employees?
Start with what your team would use and what fits your budget. Hospital indemnity and life insurance are common choices for small businesses because they can be offered on a voluntary basis.
How much does it cost to offer benefits to employees?
It depends on the benefits, how many employees enroll, their ages and location, and how much the business chooses to pay. With voluntary benefits, employees pay the premium.
Can a business with fewer than 10 employees offer benefits?
Most group and voluntary plans have a minimum number of enrolled employees, and it varies by carrier and state. Many options exist for small teams.
Why are benefits important to employees?
Benefits help people feel protected, and they are one of the reasons employees choose and stay with an employer.
For employers
- Employer benefits overview
- Group hospital indemnity, explained
- Voluntary benefits: are they worth it?
- Supplemental insurance for employees
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Benefits Council is a licensed insurance agency. Hospital indemnity insurance pays fixed cash benefits for covered hospital stays; it is not major medical health insurance and does not replace it. Products, eligibility, participation requirements and benefits vary by carrier and state, and are subject to underwriting. Not connected with or endorsed by the U.S. government or the federal Medicare program. We do not offer every plan available in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.