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Employer-Sponsored Health Benefits: A Win For Employees And Employers

October 6, 2022, by New City Insurance

employee health benefits conceptHealth benefits are becoming more commonplace in modern businesses. According to the Kaiser Family Foundation, employer-sponsored insurance covers nearly 155 million nonelderly people. Receiving health insurance through an employer remains the most common way that Americans get health benefits.

Employer-sponsored health coverage not only includes insurance for current workers and their families, but may also include benefits for retired employees. In addition, federal law provides former employees the opportunity to remain on their employer’s health insurance for a specified period of time after leaving their job, at the employee’s expense.

The Affordable Care Act (ACA) requires employers to offer health coverage to employees if they have 50 or more full-time or equivalent employees. However, offering these benefits can be beneficial to all parties involved. Learn more about employer-sponsored health benefits and why they are beneficial for employees and employers.

Direct Benefits From Employer-Sponsored Health Plans

Employer-sponsored health plans provide every workforce with an affordable way to maintain essential health coverage. Having a large portion of medical expenses paid through an employer’s benefits package can provide employees with peace of mind and boost employee satisfaction.

Employer-sponsored health plans have also been found to increase retention and reduce absenteeism by creating healthy employees that are more likely to be productive. These plans act as powerful recruiting tools, especially for employees trying to decide between multiple job offers.

These health plans can also be convenient. It can take considerable time and effort to look for private health coverage and the cost is usually much higher compared to group rates. With employer-sponsored health plans, employees can avoid the search and choose a plan that works for them and their families.

Business owners and their families can also personally benefit by participating in group health coverage for themselves. Enrolling in individual coverage can be more costly. Group insurance spreads the risk among a group of individuals, making it more affordable and easier to obtain.

The Value of Quality Health Insurance in the Workplace

employee health insurance conceptApproximately 55 percent of Americans receive their health insurance through their employers and employers are responsible for paying nearly 75 percent of premiums, according to a Kaiser Family Foundation survey. The value of quality health insurance in the workplace is undisputed, helping employees learn about their health and adopt healthier behaviors.

Many employers choose to promote employee health by encouraging workers to seek care from their health providers and to become more informed about their healthcare options. Access to healthcare education helps to improve care, increase the likelihood of patients following treatment plans after appointments, and patients asking important questions about their medical tests, treatment options, and prescriptions.

Providing employees with quality healthcare benefits can have immediate and ongoing advantages. Employees who are provided with quality health insurance typically feel more appreciated, resulting in increased morale and job satisfaction.

Access to quality healthcare benefits has also been shown to reduce absenteeism, increase staff retention and create a positive work culture with good relationships between supervisors and coworkers.

Reduced Direct Medical Costs, Improved Productivity, and Tax Benefits

happy employees in the officeIn recent years, rising healthcare costs have made it more difficult for businesses to continue paying for health insurance. With employers forced to cut costs due to challenging economic times, many employees have missed out on the opportunity to improve their health and save money. The implementation of new and more costly technologies and medications has also added to these costs.

While the initial cost of health insurance can be concerning for many employers, the many benefits that health plans offer to both employees and employers make them worth the investment. Compared to individual plans, employer-sponsored health insurance can actually save money. The premium cost is typically split between the employer and employee with the employer covering the larger majority of the cost.

Improved productivity is another perk of employer-sponsored health benefits. Poor employee health can have a direct impact on productivity in the workplace. According to the Centers for Disease Control and Prevention (CDC), predominant health conditions like diabetes, high blood pressure, physical inactivity, smoking, and obesity cost employers in the US upwards of $36.4 billion each year due to absenteeism.

Tax breaks are available for businesses that offer employer-sponsored health insurance. Premiums paid by employers for health insurance are generally exempt from federal income and payroll taxes. In addition, the portion of premiums paid by employees is usually excluded from taxable income. This results in lower tax bills for most workers and a reduction of their after-tax cost of coverage.

Employee Productivity Reflects Decreased Absenteeism and Presenteeism

upset employee in the officeEmployee wellness plays a direct role in employee productivity and engagement. Following the COVID-19 pandemic, it is more important now than ever before that business leaders ensure that their employees are physically and mentally doing well. Absenteeism and presenteeism are two ways that managers and other business leaders can measure employee well-being.

While often used interchangeably, absenteeism and presenteeism are two unique issues that affect modern businesses. Absenteeism occurs when employees are not present at work due to an unplanned absence. For example, an employee may call in sick or has to deal with a family emergency. Presenteeism is when an employee is present at work but is not doing their job or is unproductive.

Absenteeism is to be expected in the average workplace setting to a certain extent. However, some issues can exacerbate this problem, such as disengagement, workplace burnout, depression, high levels of stress, injuries or illnesses, lack of childcare, or job hunting. On the other hand, presenteeism is often caused by having little to no paid sick days, high employer expectations, heavy workloads, or demanding workplace culture.

Expanding Employer-Sponsored Health Coverage

employee health and safetyAccording to the Economic Policy Institute, roughly 6.2 million employees have lost access to their employer-sponsored health insurance since the onset of the COVID-19 pandemic. Fortunately, many employers are taking the necessary steps to expand their employer-sponsored health coverage to encourage more job candidates to return to work.

A report from the Business Group on Health found that 65 percent of employers view their health and well-being strategies as an integral component of their workforce strategy. After seeing the impact of the pandemic on health and well-being, many employers are anticipating higher chronic management needs and a higher prevalence of mental health issues.

Many employers are continuing to develop new health and well-being programs for on-site and remote employees and expand focus on all aspects of health.

Learn More About Employer-Sponsored Health Coverage and Wellness Plans

Employer-sponsored health plans are expected to produce a 47 percent return on investment (ROI) for employers in 2022, according to a study from Avalere Health. These savings will likely stem from reduced direct medical costs, tax benefits, and higher productivity among employees.

Building a well-structured employee benefits package can make all the difference. The experienced advisors at New City Insurance have helped countless companies build plans that cost half of the national average without sacrificing network access or benefits.

Gain access to proven strategies to maximize employee benefits cost savings while helping coverage increase over time. To learn more about how employer-sponsored health benefits can be a win for both employees and employers or to request a consultation with an advisor, contact New City Insurance.

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Google Rating
5.0
New City Insurance
New City Insurance
5.0
Briar Schwartz
Briar Schwartz
05:38 10 Apr 25
Working with the team at New City Insurance was a great experience, couldn’t recommend it enough. Being completely new to the insurance world, both Clayton and Eric were thoughtful and kind, and most importantly patient with my many questions. All in all 5/5 stars. Thank you New City!
Iris deBruin
Iris deBruin
03:24 10 Apr 25
The team at New City was incredible. Clayton walked me through every step, made everything easy to understand, and was always there when I had questions. I felt supported the whole way through—can’t recommend them enough!
Lea R
Lea R
22:46 09 Apr 25
New City was outstanding from start to finish. Incredibly professional, responsive, and genuinely caring. They made everything easy to understand and completely stress-free. Couldn’t recommend them more!
Brooks Chiongbian
Brooks Chiongbian
21:21 07 Apr 25
I ran into an issue with our carrier and Nick got right to the bottom of things. He and his team were incredibly responsive and helpful, making what could have been a frustrating situation so much easier to handle. They really went above and beyond to make sure everything was resolved quickly and smoothly. I’m super grateful for their support and highly recommend New City Insurance to anyone looking for a team that truly cares about their clients!
Elizabeth Teposte
Elizabeth Teposte
23:35 02 Apr 25
My Experience with New City has been amazing. Team Eric has been great, especially Nicholas Rebis their follow up time is a 10/10. I'm currently helping an employee out with her questions and have been running to Nicholas, before I say bye to our team member, letting her know I will follow up as soon as I hear something, I see his response. Thank you to the team for making it easier for me to assist our employees during difficult times.
Chelsea Antczak
Chelsea Antczak
17:54 02 Apr 25
New City Insurance is an outstanding company that genuinely prioritizes its clients. They are professional, highly knowledgeable, and always delivers the best solutions. I highly recommend them to anyone seeking a trusted insurance advisor who truly has your back.
Stephanie Gillon
Stephanie Gillon
19:16 22 Mar 25
I'm here to tell the world to look no further in your insurance search! Seriously, this company is it. I am beyond impressed with the skill set of this team. They are extremely motivated and dedicated to helping their clients and offer top-tier service. I was treated with such care and professionalism throughout our entire interaction together. Thank you, Eric and team, for being so thorough, kind, and efficient while helping me find the lowest prices possible!
Roshaun LaForce
Roshaun LaForce
23:06 20 Mar 25
New City Insurance has such a great team. They genuinely care about their clients and make the whole process easy!
Alec Remington
Alec Remington
00:54 20 Mar 25
A great team of hard workers. My experience with them has been nothing but positive. Highly recommended.
Morgan Ostrander
Morgan Ostrander
16:00 19 Mar 25
Great team to work with! They lowered our costs and have provided excellent service.
Zach Baker
Zach Baker
15:19 19 Mar 25
Eric and the team at New City Insurance are truly top-notch. It’s clear they genuinely care about their clients and work hard to provide the best service possible. Their integrity and dedication really set them apart. Highly recommend!
Momo Furusho
Momo Furusho
13:24 19 Mar 25
New City is run by not just a competent team, but people who genuinely care about providing the best service possible. Eric Calciano is a gem!
Allie B
Allie B
19:34 04 Feb 25
Excellent service and support from start to finish! The NCI team is professional, responsive and truly cares about their customers.
Deana Hartland
Deana Hartland
16:04 14 Jan 25
These guys are great and definitely go above and beyond. We were overcharged for a surgery that my husband had in Aug 2024 due to the contract that they had with our health insurance. It was very difficult trying to work and deal with trying to get this refund back from the surgical hospital we went to. A lot of playing phone tag with them. My husbands HR team got "Nicholas" involved and OMG.....he just handled everything. He stayed in constant contact with me via email on every step of the way. Eventually he was able to get this money refunded that was $997. He has been on top of it from day one. I must say he took all of the stress off of me dealing with this situation during my working hours and went ABOVE AND BEYOND the call of duty. I am so happy they got involved and relived me from dealing with this and the stress it would've caused me. You will be very blessed working with a company such as this. Keep doing what your doing!
Justin Hoffman
Justin Hoffman
02:52 17 Oct 24
Always quick to respond. This team is up early and late.
Roger
Roger
16:30 30 Aug 24
Eric Calciano, is as sharp and knowledgeable about health benefits and insurance, as anyone I've ever come across. If you need any kind of benefits analysis I highly recommend him and his firm. He is easy to work with and highly professional.
Timothy Burke
Timothy Burke
04:02 30 Aug 24
I don't leave reviews often, but this one is well deserved and overdue. Clayton provided services to my company prior to his move into the insurance world a few years ago. Always being incredibly impressed with his talent and strong communication skills, I decided to switch our insurance broker and give New City a shot. That turned out to be a great move.The first year, Clayton actually jumped on a plane and flew from Oregon to California just to be onsite and administer open enrollment for my 45 employees. Clayton, Eric, Jeff, Brendan, and the entire team have been a pleasure to work with over the years. The communication, response time, and insurance knowledge is second to none in my opinion. A legitimate 10/10. They are great listeners and strive to really understand the needs of their customers.I'm very selective about giving referrals and making recommendations, but New City has never disappointed. If you are reading these reviews to help make your decision on selecting an insurance broker, this team is 100% a solid option. And if you don't believe me, just look at the other reviews.
Megan Ketter
Megan Ketter
19:48 28 Aug 24
Excellent customer service. Brendan and team are professional, timely, and so appreciated when navigating this complicated insurance world. Very thankfully for them! Highly recommended.
Ailene Chow
Ailene Chow
23:15 26 Sep 23
We have been working with New City Insurance since 2019 at the start of our company and has not look back since. They are responsive and proactive when it comes to advise and also market analysis on what's there in the marketplace. Unfortunately insurance benefits costs has been increasing yearly with differences in the percentage of increase . The New City folks reaches out months before the impending increase takes places and help relook into options or recommendations that they see fit. We were a company of 2 to now 7 permanent staff . While we are small , this company still takes care of us well.
Carol Zhang
Carol Zhang
04:29 06 Mar 22
As a rapidly expanding national media organization, the employee benefits strategy and administration that New City has provided us during our growth has been invaluable. They have been proactive about informing us of the different benefit strategies available to us as we grow as well as managing the additional compliance laws and reporting requirements at each stage of our growth.
Claudia Villalobos
Claudia Villalobos
20:14 03 Mar 22
New City Insurance made navigating through all the health insurances super EASY. Their documents are highly informative, professional, and easy to work with. Thank you for making the process of choosing a health plan so simple. You guys are THE BEST!
Philippe Salas
Philippe Salas
17:02 22 Feb 22
I never expected to have a good time talking to an insurance salesman, but let me tell you Brendan was quite the treat. He was very helpful explaining the options and has a wonderful sense of humor. I hope to speak with him every time I call.
Jennifer Polito
Jennifer Polito
17:15 09 Feb 22
Super easy enrollment process. Fast and friendly customer service. If you are looking for an insurance company that is there for you every step of the way I highly recommend New City Insurance.
Rocky Salas
Rocky Salas
23:46 07 Jan 22
So friendly, I hope to speak to him again in all my future insurance needs.
Rocky Salas
Rocky Salas
23:38 07 Jan 22
So friendly and soft spoken. I hope to speak to him again in all my future insurance needs.
Jose Brena
Jose Brena
13:20 06 Jan 22
Eric Calciano has been extremely helpful in finding and selecting the right insurance coverage for our company. With many options out there Eric assisted us on getting a low cost provider saving more than 20% than from our competitors and providing excellent coverage for our employees.
Anastasia Beaverhousen
Anastasia Beaverhousen
17:05 28 Dec 21
Signing up for insurance was quick and easy. Felicity Sundsboe
SFCC
SFCC
22:08 29 Nov 21
Jeff Stoltey and his team provide excellent customer service. Jeff has always provided my company SFCC with straightforward options. I went to a larger insurance company only to RUN BACK to Jeff at New City Insurance. I recommend them to anyone needing insurance without hesitation.
Kevin Luby
Kevin Luby
19:13 22 Oct 21
Quick, easy & informative. We were able to secure quality insurance for our small business on a tight deadline. Thanks for the help New City.
Theresa Ruybol
Theresa Ruybol
19:30 01 Jul 21
Eric was so great with us. He was very patient and kind as we are a newer smaller organization who is growing rapidly. With that said, we had made our inquiry, he had great rapid response and mostly had to wait on me. Any request that we made and/or questions we had, he was great answering and helping us understand. Then when we were ready for all documents and to move forward, Brendan helped with getting that together and the two of them worked their magic on New City's end to notify me of what was needed, assist me in that process and confirming that all was complete and approved for the coverage. I just want to say thank you all again so much, as insurance has always been confusing to me, and you all made that process go a lot smoother.Thank you
Andrea Ordendorff
Andrea Ordendorff
21:06 07 May 21
I've been working with both Clayton and Brendan for well over a year. As the purchase of our dental practice was delayed well over 14 months they both patiently supported me and continued to make themselves available. When we were officially ready to sign up they made the whole process seamless and super easy. This team is highly knowledgeable, professional, supportive, and efficient! I can't thank them enough for everything they've done.
T W
T W
22:32 30 Aug 20
I love New City Insurance. I never had a good experience dealing with insurance brokers until I started working with Brendan. He’s awesome! He is patient with me and takes the time to answer all my questions. I’m very grateful for all his help and hard work!
Mary Jane Deyette
Mary Jane Deyette
00:57 11 May 20
Jeff Stoltey is so awesome...even thru my company had only two employees, he took the time each year to research and find the best plan for us. The only reason I am leaving New City Insurance is because we no longer have any employees. Thank you Jeff
Alma Ortiz
Alma Ortiz
22:25 23 Feb 20
Brendan was awesome! I couldn't figure out how to pick my plan and he returned my call on a weekend to help me. Outstansing service!
jessica kavanagh
jessica kavanagh
19:53 13 Feb 20
Brendan was so helpful I definitely recommend him if you’re in need of good help and getting it done promptly. Thankyou so much again.
Tricia DeYoung
Tricia DeYoung
19:49 13 Feb 20
I was very thankful I inquired about this info. with Brendan. He was very helpful so I understand the benefits available much better now. Thank you Brendan.
B Bayer
B Bayer
17:43 24 Sep 19
NCI handled almost everything from start to finish. Clayton and Brendan made the plans easy to understand and walked me through the application process. They got me my ID numbers before my cards arrived so that I could keep an appointment I had already scheduled. My last broker wouldn't have done that. 5 stars!
Jessica Lehr
Jessica Lehr
03:36 07 Jun 19
Our staff was interested in a health plan, but we didn't know how beneficial a solid employee benefits package would be for our business to expand. We'd lose prospective employees because they had more options for their medical insurance which was sometimes more valuable than more pay. The New City team was amazing and gave us as many affordable options as possible so that everyone had their needs met.
Mike McClay
Mike McClay
19:36 03 May 19
My employer uses New City as their insurance broker, and I'm always amazed when I call in for assistance by how knowledgeable and attentive their staff is with my requests. Their online benefits platform makes selecting insurance plans pretty darn easy. I would highly recommend their services.
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