Strategies for Health Plan Benefits in Construction

Strategies for Health Plan Benefits in Construction

In the construction industry, where workforce dynamics are constantly shifting, offering attractive and practical health plan benefits is crucial. From attracting skilled labor to retaining valued employees, the right health benefits can make all the difference. Here, we explore strategies to provide usable and affordable health benefits for temporary and gig workers, part-time, and hourly employees, ensuring compliance with the Affordable Care Act (ACA).

Addressing the Affordability Void

Traditional health insurance plans often come with high premiums and steep deductibles, creating an affordability crisis for many workers. This is particularly challenging in the construction industry, where many employees work on a temporary or part-time basis. The high cost and complex nature of traditional plans can deter employees from enrolling, leaving them without essential coverage.

Level-Funded, Limited-Day Health Plans

To bridge the gap, level-funded, limited-day health plans offer a viable solution. These plans are designed to be more affordable while still providing essential health benefits. By setting a fixed monthly cost, these plans help employers manage expenses without unexpected spikes, making them an attractive option for both employers and employees.

Benefits for Temporary and Gig Workers

Temporary and gig workers form a significant part of the construction workforce. Offering health benefits to these workers not only enhances their job satisfaction but also improves retention rates. By providing practical, usable benefits tailored to their needs, you can attract a more reliable and committed workforce. Level-funded plans, which include limited-day coverage, ensure these workers have access to necessary health services without the burden of high deductibles.

Supporting Part-Time and Hourly Workers

Part-time and hourly workers also face unique challenges in accessing affordable health care. Traditional plans often do not cater to their needs, leaving a significant portion of the workforce without coverage. Beni Solutions’ plans are designed with these workers in mind, offering flexible options that provide essential benefits without excessive costs. This approach not only aids in retention but also enhances overall employee well-being and productivity.

ACA Compliance

Ensuring ACA compliance is a critical aspect of offering health benefits. Beni Solutions provides ERISA and ACA-compliant plans, guaranteeing that all employees have access to the coverage they need while meeting legal requirements. This compliance ensures that your business avoids penalties and maintains a positive reputation in the industry.

Attracting and Retaining Talent

In the competitive construction industry, attracting and retaining skilled workers is a top priority. Offering comprehensive, affordable health benefits can set your company apart. Employees are more likely to stay with an employer who provides valuable benefits that address their health and financial concerns. By investing in level-funded, limited-day health plans, you demonstrate a commitment to your workforce’s well-being, fostering loyalty and reducing turnover.

Conclusion

Providing effective health plan benefits in the construction industry requires a thoughtful approach that addresses the specific needs of your workforce. By implementing level-funded, limited-day health plans that are ACA-compliant, you can offer affordable, practical benefits that attract and retain skilled workers. Whether dealing with temporary, gig, part-time, or hourly employees, the right health benefits strategy can enhance employee satisfaction, improve retention rates, and ultimately contribute to the success of your business. At Beni Solutions, we are dedicated to helping you navigate these challenges with innovative, cost-effective solutions.