The Benefits of Small Business Health Insurance Plans
Did you know that Canadian health care is delivered through a publicly funded system? Although Canada provides its citizens with health coverage, 30% of health expenditures come from private sources, and 60% of employers worry about the quality of coverage their employees receive. As a result, small business health insurance plans were created to provide employees and employers with more comprehensive and affordable coverage.
More than 70% of small business owners have concerns over the cost of employee health care plans. This is because many health plans typically increase their rates every year, which places a financial burden on employers. Small business health care plans, however, offer coverage at a more affordable rate. Since these plans are designed specifically for small businesses, small business owners are able to afford the rates they offer.
Health insurance for small business owners benefits employees, as well. Although Canadian health care already provides coverage, small business health benefits plans provide more extensive coverage. In fact, 75% of Canadians receive supplemental coverage, most of which is provided by their employers. In order to ensure that employees receive additional coverage, small business health insurance benefits plans must be implemented.
Canadian health care is delivered through a system that is publicly funded, but small businesses are able to provide their employees with supplemental coverage. Health insurance for small business owners is designed specifically to offer small businesses better rates and more extensive coverage, which helps employees and employers. By implementing one of these plans, you and your employees will be able to take advantage of all the benefits it offers. Read more like this.