This page provides information to Canadians about the advantages
of small businesses purchasing health insurance plans for their
employees. |
It is important to care about the employees who handle your company’s
day-to-day functions. There are a number of advantages for small businesses
to purchase health insurance plans for their employees. In most cases,
only a business with two to fifty employees can qualify for small business
insurance. The advantages are as follows:
 Lower premiums
Health insurance provides medical care for the business owners and employees.
However, with a health insurance plan for a small business, the risks
to the insurance company are spread between all the members. This means
lower premiums and extensive coverage for everyone.
Employee loyalty
Your concern for your employees will instill company loyalty. They are
more likely to be satisfied in their job and will take that benefit into
consideration when faced with alternative career choices.
Flexibility to choose plans
Small business insurance plans are flexible according to its members.
Each member covered by the insurance can request additional coverage to
fit specific needs. For example, someone who is single will not require
coverage for his/her spouse and/or children. Some members may even choose
different levels of coverage for dental insurance for example.
Cost factors
The cost of health insurance is based on the chosen plan, as well as the
age, and sex of each member. Prices also vary in different provinces.
Small Business
Insurance Plans
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