Nonprofit Organizations
Find the right benefits for your people — and your mandate.
Organizations dedicated to social good are not always able to compete for talent with the private sector based on salary alone. With a great benefits package, you can demonstrate a commitment to health and wellness that will attract like-minded people to your team.
Whether or not you meet the Affordable Care Act (ACA) threshold of 50 or more full-time-equivalent employees, a robust and comprehensive health and wellness plan reflects well on your mission and values and can help retain your best people.
Your Highstreet agent is part of a team of dedicated benefits specialists who can help you find the competitive policies and packages that fit the unique needs of your organization, large or small.
The demand for better benefits is rising.
It’s more important than ever to find a plan that meets employee expectations but is also affordable.
+40% of nonprofitshave been providing more benefits to their employees as a retention strategy.
National Council of Nonprofits, 2023
81% of nonprofitssaid that cost was one of the most pressing challenges in finding a healthcare plan that fits their needs.
PeopleKeep, 2023
Benefits Services
Life and Disability Coverage
Life insurance, short- and long-term disability and dependent coverage can give your team the confidence that they and their families will be covered in a crisis.
Mental health support
With mental health support more top-of-mind than ever, you can offer your team coverage for counseling, therapy and crisis support.
Wellness benefits
Support for healthy living and proactive health, such as:
-
Wellness
programs - Wellness
information - Smoking
cessation - Health
monitoring - Fitness
Voluntary benefits
A voluntary program can enable your employees to get additional coverage that’s tailored to reflect their age, health and lifestyle choices, including:.
Traditional
- Dental
- Vision
- Prescription drugs
- Life
- Disability
- Accident
- Critical illness
Non-Traditional
- Home insurance
- Mortgage protection
- Home security
- Identity theft
- Financial planning
- Legal services
- and more
Other
- Childcare
- Eldercare
- Adoption assistance
- Pet insurance
- and more
Frequently asked questions about employee health and wellness plans for nonprofit organizations.
Under the Affordable Care Act (ACA) if your organization had 50 or more full-time-equivalent employees you are required to provide health insurance. If your organization is smaller, there are many reasons to offer an attractive benefits plan including health insurance, and you may also qualify for the ACA’s Small Business Health Care Tax Credit. Talk to your agent about your options.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives employees who would otherwise lose their coverage the right to choose to continue group health benefits provided by their group health plan for a limited time. COBRA covers situations such as job loss, reduction in the hours, or transition to a new job, as well as death, divorce, and other life events.
COBRA can require that group health plans sponsored by employers with 20 or more employees offer employees and their families the opportunity for continuation coverage. Your Highstreet agent can help you understand COBRA, and whether it applies to your situation.
The cost of employee health benefits is usually shared by the employer and employee. The cost will depend on the type of benefits you provide, whether you are covering employees only, or including dependents, and the percentage of your employer contribution.
Your Highstreet agent can help you find an arrangement that works for you, and which complies with any relevant state and federal requirements.
While workers’ compensation rules can vary from state to state, if you have employees your business is probably required by law to have insurance that covers their medical bills, lost wages, and/or legal costs if they are injured at work.
To find out more about what type of coverage your business requires, visit the Workers Compensation page on this website, or ask your Highstreet agent.