Employee Benefits
Understanding Employee Benefits
Employee benefits go beyond just wages—they encompass various forms of non-wage compensation that employers offer as part of a comprehensive benefits package. A well-structured benefits package not only attracts top talent but also helps retain valuable employees.
Common Benefits Offered to Employees
Every employer’s situation is unique, and budgets vary. We collaborate with businesses of all sizes to tailor benefits packages to their specific needs. Here are some coverage options commonly available to businesses:
- Group Health Insurance:
- Requirement: Under the Affordable Care Act (ACA), most employers must offer health insurance to their employees.
- Shared Costs: Employers and employees can share premium costs, making essential health insurance more affordable for employees.
- Dental Insurance:
- Covers various dental services, including routine cleanings, oral surgeries, and orthodontics.
- Short- and Long-Term Disability Insurance:
- Provides income support when employees are unable to work due to disabilities.
- Applies even if the disability results from accidents outside of work (unlike workers’ compensation).
- Group Life Insurance:
- Allows employees to enroll in guaranteed-issue coverage.
- No denial based on pre-existing conditions.
- Vision Insurance:
- Helps maintain healthy eyesight by covering routine vision care.
- Detects problems early to prevent worsening.
Employer Considerations
- Costs: The benefits package you provide determines costs for both your business and employees.
- Coverage Decisions: As a business owner, you have the flexibility to decide which benefits align with your company’s goals.
To determine the right coverage for your business, reach out to us today. We’ll guide you through the options and help you create a benefits package that suits your unique needs.