An estimated 147 million people in the US are enrolled on employer-sponsored health insurance, making it the most common form of coverage in the country. It is important to employees as the perks and benefits provide them with an incentive to remain at an enterprise and give them peace of mind that they will be able to take advantage of premium care and alternative treatments if and when they are required. According to an Aflac survey, more than half of workers expect employers to cover 80 percent of the costs of medical insurance.
However, there is a growing concern that employers are shifting more of these costs back to workers due to an annual rise in premiums. The trend looks set to continue, but there are still numerous companies that provide 100 percent healthcare coverage due to the benefits of investment. It has been shown that wellness programs can drive a three-to-one ROI, while healthy workers will be more productive, care more about the business, and less likely to leave for another job.
Best healthcare cover
The best healthcare insurance plans offer 100 percent cover for the healthcare premium for each employee and a percentage above 50 for their dependents’ premiums. Many leading companies include a range of special perks such as back-up childcare when ordinary treatment is not available, on-site flu shots, long-term disability insurance, blood pressure screening, and free emergency room visits.
Employers have to decide on the exact healthcare benefits that they want to offer their employees. High-quality coverage should include the following core aspects.
The ability to see is vitally important, so vision care will ensure that employees are able to get the laser eye treatment they need to work effectively. Employees will also get access to contacts, glasses, and any vision exams required to ensure their vision is not impaired in any way.
Regular checkups and high-quality dental care will reduce the chances of employees taking time off work for teeth problems and potentially life-threatening illnesses. Dentists are able to pick up cases of oral cancer and diabetes at an early, treatable stage.
Fertility treatments and childbirth costs
One-in-eight women have fertility complications, and cover for treatment is becoming a major factor when working parents consider their benefits. Offering cover will show that you are aware of the financial and emotional impact of infertility, and will also act as a great recruitment and retention tool for talented female workers.
Offering cover for chiropractic and acupuncture procedures can improve the health and wellbeing of employees, which can in turn boost their productivity levels.
Some of the other core components that make up coverage can include mental health care, prescription drug subsidies, hearing care, illnesses, and accidents. All of these are generally included in plans deemed among the best for health insurance in the US. It is obvious that healthcare remains a top priority for employees, and it will continue to be vital for recruitment and retention moving forward.
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