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Workplace Benefits

Workplace Benefits

Good and dependable workers are often hard to find but are always a big asset to any company. To keep in your employ the very best in competent, loyal and highly skilled employees, most companies offer workplace benefits to sweeten the employment pot. These often can include a variety of different options such as quality life insurance, disability income insurance coverage and good dental and vision plans. Work benefits are regularly listed as a major motivation for prospective employees to accept a job offer with a whopping 80% (estimate) of workers stating in polls that a good benefits package is key in choosing a place to work. By providing these kinds of options to workers, firms invest not only in the well-being of their employees, but also in their bottom line for happy employees are productive employees!

Benefits are provided to employees in a myriad of ways. Firms can offer workplace benefits as part and parcel to an all-inclusive package or they may choose to offer individual benefits as extras that employees can tailor to suite their own wants and needs. And work benefits are available to employers and employees both. The biggest motivation for being a part of these plan offerings is that the premium payments for coverage are frequently substantially less than if individuals were to attempt to obtain such benefits independently. The level of benefits and the monthly premiums paid vary depending on how much a company contributes to the overall cost- yet another motivation to prospective hires.

Health insurance is a usual component of practically every benefit package offered as most will certainly not give a job any serious thought without this benefit being offered. However, other kinds of coverage are often included to sweeten the deal. Options include but are certainly not limited to the following:

• Long term care insurance: This coverage pays for costs incurred in a rehabilitation center or nursing home that will sometimes extend beyond a 90-day period that is offered by traditional medical insurance

• Disability insurance: This provides employees with an income to pay a portion of their usual living expenses should they be unable to work for an extended period.

• Accident insurance: This kind of coverage is sometimes referred to as “worker’s compensation,” and is what covers medical expenses for employees who injured while working.

• Critical illness insurance: This form of coverage protects employees recovering from life-threatening illness and conditions.

• Universal life insurance: A form of life insurance that also offers a savings plan as well as the traditional death benefit coverage.

Call us today and we will be glad to answer any questions regarding the provision of workplace benefits for your business.






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