Healthcare

Healthcare

Outside of salary or earnings, employees across the nation agree that healthcare benefits are the most important factor to consider when looking for a job. Creating a competitive healthcare plan will quickly set your company above others in the industry, allowing you to attract the top talent for available positions.

 

Navigating the selection and management of a group healthcare plan can seem quite overwhelming. With so many group healthcare plans available, it can be hard to know which plan really offers the greatest benefit for you and your employees. At XCell Payroll, we are proud to offer small business owners the resources they need to effectively offer group healthcare benefits to their employees, no matter the size of their business.

Group Healthcare Benefits for Small Businesses

There are several types of group healthcare plans available to small businesses. A few of the most common options include:

 

  • Health Maintenance Organization (HMO)
  • Preferred Provider Organization (PPO)
  • Point of Service (POS)
  • High-Deductible Health Plan (HDHP)

 

Each of these types of healthcare plans provides both the employer and employees with a certain set of benefits. It is important to research the type of healthcare plan that is most beneficial to the size and nature of your business.

 

Our experts will provide you with the information you need to select a healthcare plan that works for your small business. We will then walk you through the process of establishing a company healthcare plan and enrolling your employees.

Selecting Voluntary Healthcare Benefits

With any group healthcare plan, you will have to decide which voluntary benefits you wish to offer your employees. Things such as dental or vision plans can add great value to your employee benefits. However, you should only opt to offer these additional benefits if it makes sense for your company. 

 

Our team of experts will provide you with the resources you need to decide which additional healthcare benefits you should offer to your employees.

Simplify Employee Benefits

A large part of attracting and retaining the best employees is offering easy access to employee benefits. Working with XCell Payroll allows you to manage your payroll, deduct necessary tax withholdings, and account for healthcare payments and 401(k) contributions in one easy transaction. 

 

This allows you to provide your employees with the professional experience they would have through a larger corporation.

Should You Offer Healthcare Benefits to Your Employees?

As a small business owner, you must always weigh the pros and cons of each decision you make. If you do not have an existing healthcare plan for your employees, you may wonder how this decision will affect your business.

By offering access to healthcare, you are providing your employees with the ability to improve their physical health and wellness. Healthy employees are, without a doubt, more productive employees! 

 

In addition, employees who receive benefits such as healthcare and retirement plans typically feel a stronger sense of loyalty to their employer. Because of this, they will feel a stronger sense of ownership in their role and work with increased motivation.

Depending on your business, you may have access to various tax advantages when you offer your employees benefits. Tax deductions for healthcare plans, retirement contributions, and other benefits may help to offset the cost of providing these services.

It is no surprise that the presence of employee benefits aids in creating a healthy workplace environment. When you offer your employees benefits like group healthcare plans, you are demonstrating the fact that you care for their success and wellbeing. 

 

Employees are much more likely to remain loyal to an employer who has demonstrated a genuine interest in their wellbeing. This eliminates employee turnover, disagreements, and dissatisfaction within the workplace.

 

XCell Payroll makes it easy for you to offer your employees healthcare benefits that promote wellness, productivity, and convey a positive message to the individuals who work for your business.

Integrate Healthcare Benefits With Your Payroll System

The team at XCell Payroll strives to make personnel management as simple as possible for small business owners. By integrating your employee benefits into your payroll system, you will create a streamlined platform. 

 

Using our online payroll system, we can easily schedule payroll deductions for employees that wish to enroll in the group healthcare program you offer. This simplifies the process for everyone involved. 

 

We work to create a payroll and benefits system that meets the unique needs of your business. Integrating healthcare benefits with your payroll system will eliminate data entry errors, streamline your management responsibilities, and provide your employees with the benefits that they deserve.

Customize a Benefits Package to Fit Your Budget

We know that it is important for every small business owner to maximize their budget while providing exceptional services and support. We work with each of our clients to design a payroll and benefits package that fits their unique needs while observing their budget,

 

From providing you with resources regarding group healthcare plans to navigating various 401(k) benefits, XCell Payroll will ensure that you provide your employees with a plan that is beneficial to everyone.

 

We offer a digital approach to payroll and benefits management. This ensures that you have quick and easy access to any information you may need. Unlike large payroll providers, we are able to offer the hands-on customer service experience that every small business deserves. 

 

As a small business ourselves, we understand the unique circumstances you must navigate as you run the daily operations of your business. By eliminating payroll errors and minimizing management responsibilities, we are able to save you time and money. The time that you would otherwise spend navigating payroll and benefits management can now be spent on tasks that produce income for your business.

Implement Electronic Payroll Systems for Your Small Business

The team of payroll professionals at XCell Payroll works with business owners from all industries to provide their employees with healthcare benefits, retirement plans, and convenient payroll services. Let us run your payroll so that you can run your business. Contact our team today to start creating a streamlined payroll system that works for you!