Medical, Dental, Vision Benefits
This service is not provided by LPL Financial
The most common type of employee benefit that companies can choose to offer is Group Medical insurance. However, in today’s competitive landscape, it’s worth it to consider offering group dental and group vision insurance as well.
Group Medical Insurance
Group medical insurance is fairly standard across companies that offer employee benefits, but it is also a great starting point for businesses that don’t yet offer benefits and would soon like to.
Group medical insurance is attractive for job seekers because premiums are shared between the company and the employees, resulting in lower costs compared to individual medical insurance without sacrificing access to quality healthcare.
Group Dental Insurance
Dental insurance policies typically cover semi-annual dental cleanings, as well as necessary treatments–such as cavity fillings, root canals, and dental implants. Dental insurance is often seen as unnecessary, but this couldn’t be further from the truth. Many mistakenly believe they don’t need to visit a dentist as long as they brush their teeth twice a day and floss, but it’s easy for dental health concerns to sneak up on people. Not to mention, many diseases show early signs in the mouth. Better dental health contributes to better overall health, so it’s smart to offer group dental insurance for your employees.
Group Vision Insurance
The need for vision insurance is often even more overlooked than dental insurance, but vision-related health concerns can be detrimental to employee quality of life, as well as their productivity. In addition to providing coverage for annual vision check-ups, group vision insurance can help cover prescription glasses/contacts and medically necessary procedures.
Consider Offering Multiple Types of Group Insurance
As an employer, it is important to think about ways to compete with similar companies and appear attractive to job seekers. This is especially true because anyone searching for jobs may strongly consider benefits when evaluating their options. Offering group insurance is more affordable than forcing your employees to find their own insurance since premiums are shared across the whole group. Further, group insurance plans allow members to enroll at any time of year.
Pangea Financial Group Ranks Platinum
We are a platinum medical insurance broker, which means that we can provide faster customer service when you’re figuring out which insurance companies to work with, how to negotiate with them, and working on creating your employee benefits package. As an employer offering employee benefits, you are required to abide by ERISA Law to procure group health insurance plans that are in your employees’ best interests. Our financial advisors are here to help you do just that.
Pangea Financial Group is Your Financial Advisor for Life
Headquartered in Texas and Florida and serving clients in California, Georgia, Indiana, New Jersey, New York, Ohio, and other states, we exist to better serve you by helping you design an employee benefits package that attracts and retains talent. If you’d like our assistance, please contact us. We would be more than happy to help!