Why Does Your Company Need Small Business Health Coverage?

Written by admin. Posted in Benefits for employee, Health benefit plan, Insurance benefits for employees

Benefits of employees

Did you know that 33% of Canadian small businesses do not believe employee health benefit plans improve their businesses? In fact, healthcare, guided by provisions from the Canada Health Act of 1984, is often seen as little more than a burden by many Canadian businesses. After all, Canadian citizens already receive healthcare from provincial providers. In most of Canada, healthcare expenditures are paid by income tax. Why should businesses have to offer their already insured employees anything?

According to the Government of Canada, provincial health insurance has many holes in it. Subsequently, 30% of Canadian health costs come from private insurance and out-of-pocket payments. The fact is the employees of small businesses need better insurance in order to live out a higher quality of life.

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