The Top 5 Health Benefits To Give Your Employees

As a small business owner, you want to give your employees the best possible health benefits. After all, they are the ones who help make your business a success! Because there are multiple options, it can be tricky to discern where to begin. To assist you, here are the 5 most common health benefits given to employees. Keep reading to learn more!

Health Insurance

The most important benefit you can give your employees is health insurance. This will help them cover the costs of doctor’s visits, prescriptions, and other medical expenses. With many health insurance plans on the market, you’ll want to make sure you choose the one that best suits your business.

Some of the different kinds of health insurance plans include:

Dental Insurance

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Another essential benefit you can give your employees is dental insurance. This will help them cover dental care costs, including cleanings, x-rays, and more. Dental insurance plans vary just like health insurance plans, so research before choosing one. But once you do, you’ll give your employees another valuable benefit to help them maintain their oral health.

Many people don’t realize that clear aligners and braces are dental procedures that can be covered by dental insurance. Many dental insurance plans will cover a portion of the cost of these two. So if you’re looking for a way to give your employees an even better dental benefit, be sure to include these in your plan. This will help them get the care they need and maintain their beautiful smiles.

Vision Insurance

Another great benefit you can offer your employees is vision insurance. This will help them cover the costs of vision care, including eye exams and glasses or contacts. Varying vision insurance plans are available, so be sure to research them before making a selection. Once you do select one, you’ll provide your employees with another valuable benefit that will help them maintain their vision health.

There are a few different types of vision insurance plans available. Some of the most common ones include:

Vision Service Plans (VSPs)

Formerly known as EyeMed, Vision Service Plans is one of the largest vision insurance providers in the country. They offer a wide variety of plans, including both comprehensive and limited coverage plans.

Standard Coverage Plans

These are the most basic type of vision insurance plans. With a standard coverage plan, you’ll have coverage for routine eye exams and glasses or contacts. However, you won’t have coverage for more expensive procedures, such as LASIK surgery.

Custom Coverage Plans

With a custom coverage plan, you’ll have more comprehensive coverage than you would with a standard coverage plan. This type of plan will allow you to choose from a variety of coverages, including routine eye exams, glasses or contacts, and more expensive procedures.

Life Insurance

One more benefit you may want to consider offering your employees is life insurance. This will provide financial protection for their families in the event of their death. Life insurance policies vary just like other types of insurance policies, so be sure to do your research before choosing one. By offering this benefit to your employees, you can ease their minds by knowing their families will be financially secure if something happens to them.

Common types of life insurance policies are:

Term Life Insurance

Term life insurance is the most basic type of life insurance policy. With a term policy, you’ll receive a death benefit if you die during the term of the policy. The policy will expire at the end of the term, and you won’t be able to renew it.

Permanent Life Insurance

Permanent life insurance is more expensive than term life insurance, but it offers more coverage. With a permanent policy, you’ll receive a death benefit if you die at any time – not just during the term of the policy. Additionally, permanent policies have a cash value that builds up over time. This can be used to pay for premiums, cover future costs, or be withdrawn as cash.

Universal Life Insurance

Universal life insurance is a type of permanent life insurance. It offers more flexibility than other types of permanent life insurance, such as whole life or variable universal life. With universal life insurance, you can change your premiums and death benefit amount at any time. You can also choose to pay your premiums in installments or all at once.

Employee Assistance Programs

Finally, another great benefit you can offer your employees is an employee assistance program (EAP). This is a confidential counseling service that can help employees deal with personal problems that may affect their work performance. EAPs can provide counseling for a variety of issues, including stress, anxiety, depression, substance abuse, and more. If you’re considering offering this benefit, be sure to choose an EAP provider that has experience working with businesses like yours.

Small business owners have a lot of important decisions to make when it comes to benefit packages. But one thing is clear: health benefits are essential for attracting and retaining high-quality employees. By offering health insurance, dental insurance, vision insurance, life insurance, and employee assistance programs, you’ll be giving your employees the benefits they need to stay healthy and happy—and that’s good for business!

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