Is Health Insurance worth it?

Having a corporate health insurance policy for a small business has both its upsides and its downsides, but when do the benefits outweigh the negatives.

It has to be said that good health insurance coverage for everybody in a place of work is obviously a good thing, but it is an added cost and nobody likes that, but perhaps the cost is covered by the benefits. The increase in the level of health would probably add to the productivity of your staff and therefor help in overheads. Healthier staff take less days off due to ilness also helping you get things done.

But on the downside, quite often the individual insurance companies do not give small business the flexibility needed compared to the big companies which have such big accounts that they need flexibility. All this means that you will have to check very carefully in the small print there are companies that do offer a surprising amount of flexibility, but you have to look for the right one for your needs.

So in all it does seem that if you are wishing to overcome the initial expenditure, in the long run a health insurance policy can pay off, through increased productivity and less time off, plus your employees might be that slight bit happier.