A robust employee benefits package can be a powerful tool for recruiting and retaining high-quality employees. It can also be a huge drain on company finances. By carefully choosing each component of your group medical and dental insurance plan, you can find a package that works for your budget while also meeting the need of your employees.
Major Medical Insurance
Medical coverage is a basic component of nearly all employee insurance benefit programs. in most instances, larger companies are required to offer it. Luckily, there are plenty of coverage options to choose from.
In addition to traditional plans, you may choose to explore self-insurance or similar alternatives. Additionally, Health Reimbursement Arrangements and Flexible Spending Accounts can reduce company costs while giving employees more control and flexibility over their care.
Dental and Vision Coverage
Vision or dental coverage are attractive additions for benefits packages. Dental plans can be traditional or preferred provider plans or use a managed care option. They call cover preventative care and some also help offset costs of restorative work. Vision plans often rely on member networks to provide affordable exams, screenings and corrective eyewear.
It is important to consider all aspects of the benefits you choose to offer to find a package that fits the needs of your employees and your budget.