Your employees are able to get better plans through worksite benefits than they can on their own. And at a lower cost!
In addition, some coverage (like Disability) is extremely hard to get outside of employment.
Having a good benefits plan can help attract and retain the best candidates. The Benefits question is second only to salary during the interview process.
26% of workers have left or turned down a job due to the benefits offered. (According to the 2018 Aflac Workforces Report)
Once an individual is sick, their odds for qualifying for things like Life Insurance at a reasonable rate decrease dramatically. And they may not be able to get it all.
Worksite benefits are often Guaranteed Issue which can be a real life saver to someone with chronic conditions.
Employees who feel that their employer cares about them work harder and more diligently. Offering benefits is a great way to make your employees feel more valuable and appreciated.