Employers that want to attract and retain high quality employees need to have a benefits package that makes the company stand out from the competition. One way to enhance the benefits is to offer a great employee health insurance plan. The following 4 tips offer ways to create a plan that employees actually want – and happy employees are productive employees!
Offer Cost-Effective Options
Senior-level employees may not have a problem with large paycheck deductions for health insurance, but those just starting out are probably watching every penny. Employers can help control the cost of the employee health insurance plan by evaluating options such as tiered plans, high-deductible health plans, or partially self funded plans.
Give Employees a Variety of Choices
When it comes to employee health insurance, one size does not fit all. A diverse workplace may have employees with very different circumstances and lifestyles. A single employee would probably be looking for much different health insurance coverage than a married employee with several kids, for example. Offering a variety of insurance plans can help employees to better tailor their choice to suit their specific needs.
Make Sure to Include Wellness Coverage
Once only offered at large corporations, wellness benefits are now becoming available at even the smallest of companies – and for good reason. Wellness programs help encourage healthy behaviors and promote a culture of health, which can help increase employee productivity and help reduce overall insurance premiums. There are a wide variety of ways to implement wellness programs in the workplace that can be customized to your workforce.
Help Employees Understand Their Coverage
Having the best employee health insurance plan in the world may not matter if employees don’t understand it. They need guidance so they can take full advantage of all of the important details of the policy, and employers need to serve as a resource for their health-related questions. In a study from Maestro Health, 35 percent of employees either only somewhat understand, don’t understand, or know nothing about their health care coverage. This means employers need to do more to offer their employees benefit education to explain the important aspects of their plans.
Webb Financial Group understands employee benefits, and we specialize in helping employers find the premium quality coverage they need at prices they can afford. Contact us today at 847-235-6001 or ChrisWebb@webbfg.com to get stated on a benefits package that will help your company attract and retain the very best employees.
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