Nonprofit's guide to health benefits
Guide to how nonprofit organizations can leverage personalized health benefits to attract and retain employees
In this guide, we cover the different types of health benefits that nonprofit organizations can offer to employees. When it comes to running a nonprofit, low costs and high impact are the name of the game, and that's what we discuss here.
In this guide, you'll learn:
- Whether nonprofits must offer health insurance
- What health benefits are available to nonprofit organizations
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Introduction to health benefits for nonprofits
As healthcare costs rise each year, businesses of all sizes find it difficult to deliver quality health benefits to employees.
In 2021, KFF found that 90% of large employers believe the cost of providing health benefits to employees will become unsustainable in the next five to ten years. Because nonprofits and churches often manage smaller teams and even smaller compensation budgets, they face unique challenges.
As a nonprofit employer, you need a dedicated team of employees that’s passionate about making a positive impact in your community and the world. One of the best ways to attract and retain your employees is to offer a standout benefits package. But if you have a limited budget or face budget fluctuations, it can be hard to meet the unique needs of your staff.
Nonprofit organizations typically have small, efficient teams. Because of this, nonprofit leaders often wear many hats, moving from strategic initiatives to office management at a moment’s notice. Adding benefits administration to the mix can be a hassle for these leaders. Because of these factors, many nonprofit organizations find that traditional group health insurance doesn’t work for their organization.
So, how can nonprofit organizations offer standout health benefits without the high cost of traditional group health insurance?
This guide will provide tips for building a personalized health benefits program that engages your nonprofit employees.
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Learn more about PeopleKeep
What is PeopleKeep?
PeopleKeep is a personalized benefits administration software company. We serve small and midsize employers across many industries ranging from nonprofits, to high tech, to engineering. Because our software is intuitive and can be managed in minutes per month, we make providing benefits more accessible to organizations that do not want to manage complex and tedious administrative tasks.
What products does PeopleKeep offer?
We provide software that allows organizations to offer health reimbursement arrangements (HRAs) and employee stipends. Learn more about each of our products below:
- Qualified small employer HRA (QSEHRA): A simple, controlled-cost alternative to group health insurance for employers with 1-49 employees.
- Individual coverage HRA (ICHRA): A flexible health benefit solution for employers of all sizes that can be used alone or alongside group health insurance.
- Group coverage HRA (GCHRA): A group health supplement for employers already offering a group health insurance plan to help employees with out-of-pocket expenses.
- WorkPerks: Reimbursable employee stipends that broaden employee benefits. Offer customizable perks for anything from wellness to commuter benefits.
How much does a plan with PeopleKeep cost?
At PeopleKeep, we help you implement budget-friendly, compliant benefits without the hassle. Pricing will vary depending on which product you're interested in and how many employees you'll have enrolled in the benefit.