5 Reasons Your Small Non-Profit Should Use A PHSP
With the constant pressure to keep administration costs down, benefit plans for employees are often forgone or are offered with bare basic coverage. A PHSP (Private Health Services Plan) like Corporate Care can offer non-profits some competitive benefit options. Let’s look at 5 reasons a PHSP might work for you and your small non-profit.
1) SMALL NON-PROFIT MEANS SMALL HR
A small non-profit may not have a dedicated HR administrative person. Often staff at small non-profits wear many hats and don’t have a lot of time to spare to research or administer benefits plans. A PHSP is designed to be ‘easy on the administrator’. Sign up takes a literal minute. Here’s how:
Have each employee fill in the equally as easy registration form and Corporate Care takes it from there. Plus, there is no need to anguish over what plan to choose. Many traditional plans will have you choose between basic, enhanced, and premier level plans, along with three drug level choices and three dental level choices. Corporate Care takes the headache away by placing the choice of where the benefits are used into the hands of the employee.
2) THE DIVERSE NEEDS OF SMALL NON-PROFITS
A small non-profit may have a small employee group with a large diversity of health benefit needs. Many non-profits are composed of seniors, students and persons who have families. A one size program may not fit all needs in this case. With a Corporate Care plan, the employee directs where their health spending dollars are best used. The senior may want to fund hearing aids. Employees with young families may have braces costs. The student may be looking to have glasses or laser eye surgery covered. All are accomplished with ease, with PHSP plan through Corporate Care.
3) WHEN YOU’RE SMALL, YOU NEED IT SIMPLE: GUARANTEED ACCEPTANCE FOR YOUR NON-PROFIT
No hoops to jump through to join. No medical questionnaires. No worries about pre-existing conditions. So long as persons are employees, they are accepted into the plan.
4) EVERY DOLLAR COUNTS WHEN YOU’RE A SMALL NON-PROFIT
With donors, auditors and government reporting requirements, non-profits and associations have to account for every dollar spent. Success is measured by mission achievements. The more funds that can go to delivering programs, the more successful the organization. Corporate Care offers a low cost 5% administration fee. The lowest in the country. Now a non-profit or association can offer good quality benefits to employees and perform the important fiduciary duty of keeping costs down.
5) LARGER NON-PROFITS LURE AWAY TALENT. THE PHSP IS THE SMALL NON-PROFIT’S SECRET WEAPON.
There can be a lot of employee turnover in a small non-profit, but the executive director is typically a longer-term employee, and often has a multi-year employment contract. A great way to offer some extra ‘executive’ benefits is with a PHSP plan through Corporate Care. The non-profit or association may offer a basic health and dental insurance plan, but top up the executive director with extra health care spending funds with a Corporate Care plan. This can go a long way to attracting good quality candidates and longer retention of executive employees. Other employees can achieve 100% coverage if they coordinate a spouses plan with top ups from a Corporate Care plan.
Want to know more about how a PHSP can work for your small non-profit?
Reach out below with the size and name of your organization and any questions you have. We’ll be in touch within 24 hours.
You can also get started for FREE with the Corporate Care PHSP.