If you have workers, especially those exposed to various types of risks, you'll be happy with group benefits. Group benefits can help your company get health maintenance organizations, or HMOs, to cover doctors' fees for your sick employees. Your preferred provider organizations, or PPOs, can also help your employees choose a network doctor. Also, a high-deductible health savings account, or HSA, plans can help shoulder medical costs for your employees.
You can purchase vision plans alone as reimbursement for all your eye check-ups and services. You can buy this as a stand-alone insurance, or you can have it along with your general health insurance plan. The insurance will also be useful for the coverage of buying eyeglasses and contact lenses.
Although your general health insurance plan can include dental coverage, you can also get this feature as a stand-alone insurance. Dental coverage can cover basic cleanings, x-rays, fillings, endodontics, and periodontics. You may also choose plans that can cover implants, dentures, crowns, and oral surgery. The only condition is that your employees should have dental consultation and services in the network of medical professionals accredited by your insurer.
You can also have group life insurance for workers classified according to their class or job. The coverage will be in effect as long as the individual works for your company. You can purchase this as stand-alone insurance too. Group life insurance for your employees usually has similar benefits for all employees unless you’ve classified them according to position or job description.
Short- and Long-Term Disability
Disability insurance will protect the disabled and those who cannot work. Short-term disability insurance will pay a portion of the disabled or injured employee’s salary. However, guidelines vary by state. Long-term disability will pay for the employer’s salary depending on his position and the company’s coverage.
Some Final Words
If you have to provide group benefits for your employees, you can offer them something that they can use as long as they're working for you. With group benefits, your employees get the protection that they need in exchange for working in your company.
At Independent Executive Insurance Broker, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (805) 624-4815. Get your free quote today by CLICKING HERE.