If you’re the leader of a company, you know how important it is to offer health benefits for employees. Any organization that has 50 employees or more is required by law to provide health insurance to their team. Smaller companies, on the other hand, must decide whether to provide this benefit at all and, if so, what to offer.
The Society for Human Resource Management (SHRM) reported these findings:
- 56 percent of U.S. adults with employer-sponsored health benefits said that whether or not they like their health coverage is a key factor in deciding to stay at their current job.
- 46 percent said health insurance was either the deciding factor or a positive influence in choosing their current job.
With so many people valuing the health benefits for employees at their current or potential organization, employers should take note and respond accordingly.
Health benefits for employees reach beyond health insurance. While medical coverage is significant need, creative employers are considering additional benefits that improve the health and wellbeing of their employees.
Include mental health, wellness, and ancillary benefits
Basic health benefits for employees focus on basic medical coverage. Ancillary benefits like vision and dental coverage encourages employees to tend to their health to prevent higher cost medical expenses down the road. Additionally, programs that encourage healthy nutrition, exercise, reduction of stress, and better sleep are effective ways to keep healthcare costs lower through a prevention versus treatment model of care. Healthy employees are less likely to miss work and are more engaged and productive in their daily roles.
Access to telehealth & virtual coaching
Even before the pandemic forced organizations to operate virtually, telehealth and virtual health coaching were on the rise. These easy to use platforms provide faster access for employees who need care for their physical and mental health. Healthcare expenses top the list of costs for employers, so preventative services make the ROI one of the more impactful health benefits for employees and employers alike. Partner with a service provider who can show their results and impact on your bottom line and your employee’s health.
Digital health assistance
With instant access to technology and social platforms has come greater distractibility, lost productivity, and poorer mental wellbeing. BetterYou helps employers increase employee engagement, wellbeing, and performance by developing healthier habits in their physical, social and mental wellness. BetterYou helps employees succeed by influencing their behavior to achieve their personal wellness goals through an easy to use platform that runs seamlessly in the background of their smartphone.
Customization for employees
Choice reigns when it comes to health benefits for employees. One-size-fits-all solutions fail to address the individual needs of your team. Offering specific elements for employees to customize will pay off through greater employee satisfaction and lower costs down the road as employees only use what they need. Your organization is more likely to attract and keep strong employees with this health benefit.
Health benefits for employees is a high commodity for those who are seeking employment and may be a significant factor in your top employees choosing to stay or leave your organization. Consider what you can offer to your employees to benefit your company and your people in the short and long term.