One of the key things employees look for when job hunting is benefits. Having a good benefits package can be the difference between bringing in quality talent and struggling to find workers to fill positions.
One huge part of benefits packages includes insurance. Everyone needs insurance, so here are some insurance policies you should consider offering your employees.
Health Insurance
Health insurance is an absolute necessity. Many employees won't have a personal health insurance policy, but instead will rely on their employer's health insurance. This means that having a great policy can help you keep talent for longer. Make sure to invest in a comprehensive group health insurance policy from a reliable insurance agency.
Life Insurance
Life insurance is another benefit that people need, but don't always carry. Life insurance can offer benefits to employees' families in the event the employee passes away. A good group life insurance plan will provide death benefits — including burial services, cremation, and funeral services. Group life insurance policies typically cover one or two times the employee's annual salary.
Dental Insurance
Dental insurance is often a misunderstood topic. Unfortunately, most dental procedures and services are not covered under health insurance — personal or group. Offering dental insurance can set your company apart from competitors. Dental issues can cause many health complications, after all, and employees like having the option to be fully covered.
Accident And Critical Illness Plans
Plans for accidents and critical illness help supplement an employee's health insurance by covering sudden emergencies related to accidents or critical illnesses. Medical bills can be expensive at best and catastrophic at worst, depending on the severity of the accident or illness. Having coverage for this can be a relief for your workers. These plans can help with deductibles, copays and even personal bills. Like most health-related insurance plans, accident and critical illness plans have limits on pre-existing conditions.
Employee Wellness Programs
Wellness programs are another way to supplement your employee's health insurance. These programs can be designed for different purposes. Offering gym memberships is a common part of employee wellness programs. More and more employers are offering these kinds of programs, meaning that you may have a hard time competing with other companies if you don't offer them. Wellness programs can include having a nap or exercise room, offering yoga, providing healthy snacks and even running a company sports league.
Get A Quote