We pay 100% Healthcare, I want to buy an individual plan rather than a group plan for one employee (2x$$).
What are the implications, concerns, and considerations? Thank you for helpful comments!
We pay 100% Healthcare, I want to buy an individual plan rather than a group plan for one employee (2x$$).
What are the implications, concerns, and considerations? Thank you for helpful comments!
Why not just provide $X dollars in reimbursement for healthcare costs? Let them pick the plan they like/fits their needs and you give the dollar amount you’re comfortable with?
Sounds simple to implement. Although I suspect this could end up costing more, as I’d have to give all employees the same amount, to cover Healthcare plans that get more expensive with age and family size. I also don’t think this would allow me to advertise 100% paid Healthcare because the benefit would be cash.