There are a range of business and employee factors that will impact the overall cost of your employee benefits package. Business related factors often include:
- Group size
- Geographic location
- Industry
- Desired policy options
Depending on the type of policy there are other employee factors that will impact the overall cost including:
- Age
- Gender
- Occupation
- Salary
Some providers are better at accommodating different risks. For instance if you have an older population or you have a cohort of higher risk occupations.
Given how varied the pricing can be based on demographic and risk it is so important to do your research and compare options from a wide range of providers.