Only 35% of non-union construction workers have employer-based health insurance.1 Hard to understand when over 170,000 nonfatal injuries and illness were reported in 2023.2
1Health Insurance Coverage in Construction, CPWR
2U.S Bureau of Labor Statistics
34.9%
Non-Union Construction Workers Without Health Insurance
Medical benefits that work for everyone.
By investing in the health and well-being of your employees, you can create a win-win situation with a healthier, more productive, and more loyal workforce.
- Financial protection: Construction workers face high risks of accidents, injuries, and illnesses. Health insurance protects them from the financial burden of medical bills and treatments.
- Access to care: Health insurance provides access to preventive care, like annual check-ups and vaccinations, which can help detect and prevent potential health problems before they become more severe.
- Peace of mind: Knowing they have access to necessary medical care without facing overwhelming costs provides employees with peace of mind and reduces stress, potentially leading to better physical and mental well-being.
- Improved health: Studies show that individuals with health insurance are more likely to seek regular check-ups and preventative care, ultimately leading to improved overall health.
- Attracting and retaining talent: In the competitive construction industry, offering comprehensive health benefits sets companies apart and can be a key factor in attracting and retaining skilled workers. Research shows that employment-based health insurance can dramatically reduce turnover rates.
- Increased productivity: Health insurance reduces absenteeism by promoting preventive care and timely treatment of illnesses and injuries. A healthier workforce also translates into increased focus and a more productive workforce.
- Improved workplace morale: Providing health benefits demonstrates a company’s commitment to employee well-being, fostering loyalty and creating a more supportive and healthy work environment.
- Reduced long-term costs: While there are upfront costs associated with providing health insurance, they can be offset by decreases in absenteeism and increased productivity, ultimately impacting the company’s bottom line.
- Tax benefits: Health insurance can provide tax benefits such as deductions for certain medical expenses, employer contributions to health plans, and payments on premiums employees make directly for their own or dependents’ coverage.
- Flexible options: Beneco has options to build a plan tailor made to fit your company’s needs, including traditional group health insurance, and Health Reimbursement Accounts (HRAs), Dental, Vision and more!
“Some of my contractor clients were struggling to control their payroll and healthcare costs. Beneco’s solutions not only allowed them to better control these costs, but afforded the companies significant savings in payroll, general insurance, and workers compensation premiums. They are so pleased to have partnered up with Beneco, and so am I.”
~ Andy Teeter
BUILD WITH BENECO
Are you a contractor looking to keep your employees healthy and happy, and save your business money? You've come to the right place.
Contact us for a no-hassle consultation, or join us for one of our free webinars or seminars to answer your prevailing wage questions. We are always happy to help find solutions to help you and your team.
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