Group health insurance

Providing employee health insurance can be a powerful incentive

Most healthcare firms are happy to provide group health insurance to businesses, and it's a popular incentive for employees that can make your firm more attractive to potential recruits. There are tax implications, but employees are still likely to benefit from an employee scheme compared to individual cover.

These days salary isn't the only thing that attracts potential new recruits to companies: the package of perks is important too. While the chancellor has cracked down on company cars, group health insurance is still a popular perk for employees; there are tax implications, because such health insurance is classed as a taxable benefit, but the tax take is relatively minor.