Benefits on a Budget
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How can I provide benefits on a small business budget?

When it comes to providing benefits, you want a customized package that’s right for you and your employees.

Many small business owners have discovered that their employees can now more easily qualify for individual medical insurance -- through a combination of government and private plans. But they still want to care for and reward their employees by providing a valuable benefits package.

Supplemental benefits from Nationwide, designed specifically for small businesses, may be available for less than $10 per employee per month. More comprehensive packages still may cost less than half the cost of a major medical plan.

Below are two sample benefits packages1

Sample Package 'A' Benefits: Sample Package 'B' Benefits:
  • Life insurance w/Accidental Death & Dismemberment - $15,000 benefit
  • Short-term disability insurance - $250 weekly benefit for 4 weeks

Average monthly cost per employee: $9.85
  • Dental Insurance - 100% preventative coverage
  • Vision Insurance - includes annual exam and lenses/frames every 24 months
  • Short-term disability insurance - $400 weekly benefit for 6 weeks
  • Life insurance w/Accidental Death & Dismemberment - $25,000 benefit
  • Critical illness - $10,000 benefit

Average monthly cost per employee: $88.15

Learn more about the Affordable Care Act and implications for small businesses.

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