Health Benefit Costs

Health benefit costs are a major part of any company's expenses. Even though providing benefits is crucial to finding the best employees, many companies are finding it necessary to stop offering the benefit of health care insurance for employees. That leaves the employee to find individual health care coverage, which is very costly, or look for work where health benefits are part of the package.

Some companies find it more financially beneficial to hire part-time employees or simply not offer insurance coverage to any employees. While this may be an option for commercial businesses, government contractors are under the restrictions of laws from the Department of Labor. The Davis-Bacon Act, Service Contract Act, Living Wage Law, and State Prevailing Wage laws give specific requirements of benefits that must be provided based on the amount of the contract.

Special Requirements for Health Benefit Costs
For many contractors, complying with the specified requirements adds a heavy load on the overall costs of a project. We at The Boon Group have over two decades of experience interpreting, implementing, and monitoring mandatory compliance for government contractors. We have the contacts and the expertise to cut health benefit costs to an affordable amount with coverage to please both the contractor and employee.

Understanding the details of the contract is our area of expertise. As a third-party administrator, we are available to make presentations to companies in need of fulfilling the requirements of any of the state or federal benefits laws. We offer bilingual support in offices located conveniently across the nation. Contact us for more information.