Tip #401: You Say You Can’t Afford Employee Benefits? Really?

Yes, health insurance is expensive. On average, about $4,620 per single employee per year; $11,550 for a family.

Here’s a different take.

In a clever marketing piece, one of our insurers compared the amount we spend on everyday items to the daily cost of certain employee benefits.  Check it out:

• Group life, vision, accident or critical illness insurance is less than a carton of yogurt
• Dental insurance, less than a cup of coffee
• Short and long term disability, less than a bottle of water.

And, as an employer, you can choose to pay all of the premium, some of it, or simply offer it as a voluntary option, paid in full by your employees.

How’s that for affordable?

And since I don’t want to simply plagiarize their idea, I’ll give the Principal Financial Group credit for this Tip.

They’ll write a group down to just three lives.