When's the right time to kick in health coverage?
Of course you want to keep all your employees and their families healthy. It’d just be nice if it didn’t cost so much to do it.
At what point do you start opening your wallet by offering health insurance to new employees?
New benchmarks from Benefits USA can give you an idea how companies of all sizes handle the eligibility waiting period. See how your current policy stacks up against your peers:
You probably also want to take into account the industry you’re in.
For example, a much larger proportion of tech firms and not-for-profits kick in health benefits immediately (57% and 31.9% respectively). To stay competitive you may need to start coverage from the get-go.
Employers in real estate, construction, distribution and health care have a little more time – less than 10% of companies in those industries offer immediate eligibility.
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