Employee Benefits Packages Available in Ohio
Offering benefits employees feel are most important while simultaneously keeping the total compensation costs of your company under control presents a real challenge for human resource management, and this will only make benefits administration more difficult in the future.
Insurance benefits are a priority for many employees, especially those with families. Unfortunately, they are also among the most costly. At Haughn & Associates, we understand your desire to take care of your employees while still maintaining a profitable enterprise, and our insurance specialists stand ready to help design your employee benefits package.
Group Health Insurance
Without a doubt, premiums for group healthcare insurance definitely favor larger businesses with many employees. Small company employers, however, may struggle to find employee health benefit plans at a rate their company can afford.
As new technologies, drugs, and other major types of medical advances keep changing the healthcare landscape and drive up insurance costs, small business employers have to search harder to locate a plan they can afford. Our H & A insurance advisors can help you navigate the maze of medical insurance options and find the right coverage from a wide variety of reputable insurers.
Our specialists also explain programs and strategies available to each small business employer to lower health insurance premium rates, such as the Small Business Health Options Program for businesses with 25 or fewer full-time equivalent employees. Haughn & Associates also carries out an annual review of your health benefits in light of changes in the healthcare field and looks for ways to keep your premium costs under control.
Group Life Insurance
Life insurance adds a great deal of value to your employee benefits package because this product can give peace of mind to employees and a feeling of financial security for their loved ones or families. Typically, organizations offer an identical amount of term life to each employee, or the policy amount may be determined according to the employee’s salary. Group term life is relatively inexpensive and easy for human resources to administer.
In addition, coverage for accidental death and dismemberment can be added to the insurance policy. It may also be offered as a voluntary stand-alone option that the employee pays.
Group Disability Insurance
Employees value the protection that this group insurance coverage provides. Even a young, single worker can appreciate the security both short-term and long-term disability policies give, especially if a job involves high-risk tasks.
Group Dental & Vision Insurance
Employees often view certain benefits as bonuses to their employee benefit plans, which can set an employer apart from the competition. Dental and vision definitely fit into this employee benefits category.
Haughn & Associates can familiarize you with the many options you have for offering insurance for your employees’ vision and dental needs.
Group Critical Illness & Cancer Insurance
Many organizations offer employees coverage for critical illnesses such as cancer on a voluntary basis to help them cover the large-scale expenses that result if a catastrophic sickness strikes. H & A employee benefits specialists can discuss the many options you can offer your employees in this important insurance category.
Group Wellness Plans
Closely tied to the insurance components of your employee benefits, group wellness programs are a win-win for any size organization. Not only do they contribute to a healthier and more active lifestyle for employees, but an effective program also may improve productivity in the workplace and help reduce group health insurance premiums.
Wellness programs serve as a great foundation for building a positive company culture and extending other benefits, such as gym memberships. Companies offering this important benefit may find it easier to attract job candidates and retain current employees.
Other Types of Desirable Employee Benefits
In addition to worker benefits that involve insurance plans, employees value retirement plans, paid parental leave, flexible hours, free lunches, paid time for vacations or illnesses, stock options, and other work benefits.
