Group Health & Benefits
Employers more than ever before are trying to provide/offer competitive employee benefits to help hire & retain good employees.There are a number of coverages employers consider when setting up a benefits package for their employees. Some policies the employer will/can contribute to the premium of the plan, and some policies are paid fully by the employee. For example, on an employer sponsored group medical plan, the employer is obligated to contribute to the premium, along with having a minimum number of employees participate in the plan. Then there are other coverages where the plan(s) are simply offered to the employees as a “voluntary” benefit, where the employee is 100% responsible for the premium. Below are common examples where the employer will typically contribute to the premium, or in some cases pay the entire premium.
- Group Medical Plans
- Group Dental Plans
- Group Vision Plans
- Group Life Insurance Plans
- Voluntary Short Term Disability
- Voluntary Long Term Disability
- Voluntary Employee Life
- Voluntary Dependent Life
- Critical Illness
So as you can see when you are evaluating employee benefits, there are many decisions to consider on how it will impact your hiring practices, retention, etc. CK Ash Insurance can help.