Insurance for employees... What do you offer?

[Unregistered]

Im in the process of hiring my first employee. All of the other accounting and/or CPA firms are offering insurance to their employees. To be competitive, I need to do the same. Anyone have any suggestions?

Thanks in advance!

[taxfun]

insurance is very expensive, but I agree that offering such may make you competitive. We pay the first $250/month on a group plan and pay outright the cost of $15,000 term life insurance (cost varies by age). We also have a FSA which costs you nothing (because of a reduction in payroll taxes) and a Simple salary deferment plan. We also pay for professional organization membership costs, licensing and CPE. It take all of this in our market!

Good luck

[Jiggers]

Health Insurance for Employees

1. Limit the dollar amount. $200, $250, $100, whatever, per month. Insurance keeps rising.

2. Do it as part of a cafeteria plan. As part of their compensation package.

3. Only for employees. Dependents and spouses, they have to pay.

4. Set the deductible high, $1,000, $1,500, whatever. Also, no co-pay keeps the premiums down. Both of these keep the employee from running to the doctor for colds, sniffles, aches & pains, that we all have to put up with.