• Health Insurance: Employers can offer health insurance to employees, which helps cover their health-related costs such as doctor visits and copays. Health plans can include Group Dental, Disability Plans, Cancer Plans, Employee Wellness Plans and Accident and Critical Illness Plans.
• Life Insurance: Life insurance policies provide compensation to employees' families should the employee pass away.
• Disability Insurance: Disability insurance covers some lost income if an employee isn't able to work due to illness or injury.
• Retirement Plans: Retirement plans such as 401(k) and 403(b) help employees save a percentage of their earnings for retirement.

No matter where your business is, employee benefits are crucial in order to bring in and keep quality employees. Workers are attracted to companies that have an alluring benefits package. To compete for top employees, you will have to be able to offer competitive benefits.

Benefit requirements depend on the types. Employers with 50 full time employees or more are required to offer health insurance. You are typically able to offer benefits even if you have one full time employee.

On average, employee benefits cost around $11.60 an hour. This depends on the benefits you offer and the number of employees you have.

Some employee benefits are tax deductible. Speak with a DJW Insurance agent about what tax deductions your benefit plans qualify for.