What is one benefit of offering a Group Health Plan (GHP) to employees?

Offering a Group Health Plan (GHP) to employees provides significant advantages, one of the most notable being its ability to enhance employee retention and satisfaction. By providing health insurance as part of an employee benefits package, employers can foster a sense of loyalty and commitment among their staff. Employees are more likely to feel valued and cared for when their health and well-being are prioritized, which can lead to lower turnover rates.

When employees are satisfied with their benefits, including health insurance, they are less likely to seek employment opportunities elsewhere. This contributes to a more stable workforce and can reduce the costs associated with recruiting and training new employees. Overall, a well-structured GHP is a powerful tool for improving workplace morale, boosting productivity, and maintaining long-term employment relationships, making it a desirable offering for both employers and employees.