Recent studies have indicated that a large percentage of employees do not understand the health plan benefits offered by their employer. While they may have a basic understanding of health insurance in general and some benefit terms, they largely lack any in-depth knowledge of the key benefits provided in their own health insurance package.
Advantages of Health Insurance Benefits
There are many reasons an employer may have for offering health insurance to their employees. The main reason is to make the company more competitive when it comes to attracting and retaining good employees. A good health insurance plan can make employees happier, healthier and more productive, while also saving the company money on taxes. However, it is difficult to accomplish these goals when employees don’t have a clear understanding of what is available to them.
What Employers Should Do
Employers need to stress benefit education so employees are able to take advantage of everything their plan has to offer. Providing ongoing, open communication through channels such as phone lines, online portals or email can help answer any questions employees have, as well as allow the company to better understand employee concerns when it comes to their health. Multiple communication channels can allow the employer different ways to explain important aspects of the health benefits, as well as give the employee more confidence and satisfaction with their benefits.
Make Sure Employee Benefits are Valuable
For any, or all, of the previously mentioned advantages, it is important for an employer to have the ability to offer employees the best possible benefits package within their budget. If employees are happy, they are more likely to recommend the company to other qualified candidates. Working with an experienced agent, like those at Webb Financial Group, can help keep your company competitive in this tough job market. They will help select the most attractive package at the best cost for your group, by finding a personalized solution with one of our respected carriers. Contact Webb Financial Group at 847-604-5434 to learn more.
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