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Five Health Insurance Tips that Can Make Your Workforce Appreciate You
Posted By Tom Giddens On May 25, 2014 @ 12:00 pm In Management | 7 Comments
Over the past several months, small businesses may have grappled to understand the many changes  and regulations to the evolving health care landscape. In developing compliant strategies, employers have made, and continue to make, key benefits decisions that will impact the personal and financial well-being of their workers for years to come.
For those small-business owners who have continued to offer major medical insurance to their workforce, rising health care costs continue to be a growing concern among employees. As costs continue to increase, it’s important for small-business owners to keep in mind that even with a major medical plan, out-of-pocket costs can be overwhelming for workers.
To relieve some of these financial pressures, more employees are looking to their employers for added protection. And for those employers that offer more than just major medical insurance coverage, it pays off.
In fact, the 2014 Aflac WorkForces Report found that 75 percent of employees believe their overall benefits packages influence job satisfaction and 64 percent say it impacts their work productivity. They also say benefits packages are influential with respect to workplace well-being and employer reputation.
So basically, the more you care – the more your employees care.
For those of you who think you can’t offer new products because you can’t afford it, there’s a benefits solution that’s right for you. Voluntary insurance policies, which complement major medical insurance coverage, can be paid by the employee and are designed to help pay for out-of-pocket expenses that may accompany the rising cost of health care.
Voluntary insurance products can give you the opportunity to offer great benefits to a workforce that’s looking to you for relief of growing financial burdens. Policies include accident, disability, cancer, hospital, critical illness and many more.
Deciding to make voluntary insurance available to your small-business employees is one way to soften the impact of inevitable cost shifting and rising out-of-pocket expenses.
Offering additional options like supplemental insurance shows you understand their evolving needs and also helps create a productive and loyal work environment.
Grateful  Photo via Shutterstock
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URL to article: http://smallbiztrends.com/2014/05/health-insurance-tips-make-your-workforce-appreciate.html
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 understand the many changes: http://smallbiztrends.com/2014/04/health-care-trends-2014.html
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