In New Jersey, there is no law requiring employers to offer health insurance to employees, but many (if not most) businesses, both large and small, do.
The advantages are obvious: By offering health insurance you will add to the appeal of any job opening. You will also be sending a clear message to potential and existing employees—that you care about them and their well-being and that you run a bonafide business with good working practices. And you will encourage loyalty and long-term commitment from your employees—if you offer a good place to work, with good benefits, your staff will want to stay.
The downside of offering group health is also self-evident. First, you are taking on both a substantial financial commitment and a time-consuming annual clerical commitment, and second, you are adopting a layer of responsibility towards your employees that you may not be looking for.
However, if you do decide that the pros outweigh the cons, you are then faced with the all-too-often overwhelming question: Where to begin?
When it comes to buying group health insurance for your restaurant there are seemingly endless online resources but it’s all too easy to get lost in the choices and the jargon. Often it is a more cost-productive and better use of your time, to reach out to your insurance broker. By turning to an expert you can ask (and get answers to) specific questions relating to your particular circumstances:
- How many people do you employ?
- How many will be seeking health insurance?
- What particular package will work for you?
- Will you be paying all or a portion of the employee benefits?
As with all insurance coverage, there are myriad health insurance plans with a wide range of costs and benefits but they do all have one thing in common: they will be one of your larger annual costs. Thus, you want to be sure that you are getting the best deal for yourself and your employees.
Don’t leave it to guesswork, call us today and let us help you find the best group health plan for your New Jersey restaurant.
For more information on group health insurance for your restaurant contact Vozza Agency.