Worksite Programs for Every Employee
Worksite Programs are designed to help with coverage gaps that can occur with certain health events. These may be offered as an employer funded benefit or 100% voluntary to the employee. There are several considerations when designing your specific package. There are many options available in the marketplace and we have the expertise to help you navigate the maze. When plans are appropriately selected and communicated, the outcomes typically include:
- Increased Employee Morale
- Increased Employee Benefit Satisfaction
- Higher Wellness Engagement
- Healthier Workforce
- Lower Workers’ Compensation Utilization
Plan Types
Disability plans are important for employees as they provide income protection in the event of accidents, illnesses and pregnancies. Disabilities can occur at any age and, according to the Council for Disability Awareness, more than one in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age.
A basic life insurance benefit is relatively inexpensive to provide as an employer sponsored benefit. Another consideration might be to offer a higher face amount based on a multiple of an employees’ annual income. There are also options that can be implemented for employees to voluntarily purchase additional coverage as well as protect your business in the event of a loss of a key employee.
Providing access to LTC plans allows your employees to help protect their assets in the event they or their spouse is in need of assisted living, home care, and adult day care. Medicare does not fully cover these services and Medicaid won’t be of assistance unless financial accounts are depleted.
These plans are designed to provide a financial benefit directly to the employee when they have a hospital admission for themselves or a covered family member. The admission can be due to an illness, accident or pregnancy. The plans are particularly helpful when offered to help offset medical plans with higher deductibles.
Benefits are paid for injuries sustained in a covered accident incurred by an employee, spouse and dependent children if participating in the plan. These are one of the most highly utilized plans in the voluntary portfolio. Many of these type plans contain wellness benefits which incentivize preventative care.
In the event a covered person or family member suffers a critical health event, these plans are built to provide cash benefits directly to the policyholder. In some cases these plans, often referred to as “CI”, are built with a one time, lump sum benefit that may have an allowable amount in the event of a reoccurrence or future new occurrence. Others are designed as treatment based, but all are focused on providing financial help in the event of a serious illness.
As one of the most requested employee benefits, these are highly utilized plans for employees and their families. According to the ADA, visits can help prevent and monitor dental health issues that could lead to more serious conditions and require more expensive treatment, such as cavities, tooth removal, root canals and even oral cancer.
Vision plans are often offered as an insurance product or as a discount program. As an insurance product, typical coverage would include eye exams, frames and lens allowances. Regular visits will help protect against or even slow down the progression of certain eye diseases.
Accessing a medical professional via web, phone or app helps employees minimize out-of-pocket expenses in non-emergency situations. For employers, it can be a great way to help manage healthcare costs and keep employees healthy and productive. Many types of health care issues can be diagnosed like cold and flu symptoms, allergies, rash, skin problems and so much more! Typically these programs are designed to be used by the whole family.