Whether you are mandated to offer coverage or not, health care benefits are one of the most important factors of an employee compensation package. In most cases, employers need to offer health care in order to remain competitive for the most talented employees or to avoid penalties imposed by health care reform.
Dental care is important to your employees’ overall health and well-being. Since more than 90 percent of all systemic diseases have oral manifestations, a dentist might be the first medical professional to diagnose a problem. Research has also linked poor oral health to diabetes and lung disease.
Vision problems affect approximately 150 million Americans. About 75 percent of people ages 25 to 64 require some sort of vision correction. Vision insurance can assist with the costs of routine eye checkups, along with helping to pay for any correction wear that could be prescribed by the attending physician.
Popular for both employers and employees, offering life insurance is completely optional. However, it is worth considering for the possibility of lower rates through insuring a group. If you’re considering offering life insurance, you’ll need to consider whom to cover and the type and amount of coverage to offer.
More and more people are choosing to work after they reach the age of 65, which is when Medicare Part A (hospital) coverage kicks in. You can elect to enroll in Part B (medical) coverage and pay a monthly premium. The monthly premium starts at about $105 per month and can be higher based on income and assets.
Given the rise in people working people responsible for the care of elderly family members, long-term care insurance can help maintain independence over how and where elder care is provided. Usually at a lower cost than individual plans, coverage can include an employee’s spouse, partner, parents, and in-laws.
Most employees have little to fall back on if an injury or illness prevents them from working. Disability insurance can help while giving the employee a chance to recover. By offering a full range of disability benefits, you can ensure your employees are prepared and covered, no matter what speed bumps get in the way.
Critical Illness or Accident
Unfortunately, most employees aren’t prepared for the financial burdens that can follow a critical illness. A stroke, heart attack or cancer treatment means time away from work. With critical illness protection, employees can focus on what matters most: getting better. Offering it will show your employees you care.