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Using a PEO is often
the easiest way for small and medium sized companies to offer
their employees a comprehensive employee benefits package. Can
offering an employee benefits package help your company?.... just
look at these survey results
According to a
study done by EBRI/CHEC/BCBSA 2000 Small Employer Health Benefits
Survey
Most small employers offer sound business
reasons for offering health benefits to workers
.
80 percent report that it helps with
recruitment and retention.
70 percent report that it increases
productivity by keeping employees healthy.
69 percent report
that employees demand it.
68 percent report that it reduces
absenteeism by keeping workers healthy.
88 percent report that they offer health
benefits because it is the right thing to do
.
When specifically asked
whether offering health benefits has an impact on their business,
most small employers with benefits agree that it does:
78 percent report that offering this benefit has an impact on
employee recruitment.
75 percent indicate it has had an
impact on employee retention, attitude and performance.
67
percent report an impact on the health of their employees.
58 percent state the
offering health benefits has had an impact on
absenteeism .
Get the entire 2000 Small Employer
Health Benefits Summary
Adobe
Acrobat
Required
See how your company compares in offering employee
benefits
Review the United States Department of Labor
document for:
Employee Benefits in Small Private Industry Establishments,
1996
Reality of Tax Treatment
for Employers
Health
insurance premiums paid by employers on behalf of workers are tax
deductible for employers as a business expense.
Health
insurance premiums paid by employers are treated the same way other
labor costs and general business expenses are treated under the tax
code.
Reality of Tax Treatment
for Workers
The amount that employers pay on behalf of their workers'
health premiums is excluded, without limit, from workers' taxable
income.
If a worker purchases health insurance directly
from an insurer, generally none of the premium can be deducted from
his or her taxable income. For individuals who do not receive
employment-based health benefits, total health care expenses
(including premiums) are deductible only if they exceed 7.5 percent
of adjusted gross income, and only the amount that exceeds 7.5
percent of adjusted gross income is
deductible.
Get the fact sheet for
Tax Treatment of Benefits
Adobe Acrobat Required
View the entire Small Employers and Health Benefits: Findings
from the 2000 Small Employer Health Benefits Survey
Adobe Acrobat
Required
Offering health benefits can
improve your business.
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