As a business owner, offering a health benefits plan to your employees is not just something you do – it’s something you invest in. But how do you know you have the right plan for your organization? Not all benefit plans are created equal and one-size-fits-all health and dental just doesn’t cut it anymore. Here are three ways to see if your current group benefits plan is working for you.
1. It’s right for your employees.
Not all employees need the same benefits.
For example, if an organization has both office workers and laborers, each group likely wants different things out of their group health plan – an HSA for fitness classes versus massages, or even additional coverage for accidents that could happen while at work. The right benefits plan should be tailored to your employees and their needs.
Read: Four Ways To Be Sure That Your Employees Have The Right Benefits Plan
2. It’s right for your CFO or Accountant.
Getting the least expensive, off-the shelf employee benefits plan may seem like the best way to make your dollars go further, but you’ll soon come to realize that these plans sacrifice coverage, flexibility, and value to give you the lowest price. The bottom line: you may be paying less, but now you’re stuck with a benefits plan that doesn’t meet the needs of your employees or mitigate the risk of high-cost drug and disability claims.
Read: Why “cheap” benefits can cost you more
3. It’s right for you.
Your business and your employees are important to you. Offering a benefits plan can drive growth in you organization, retain and attract exceptional employees, and support not only your workforce, but you and your family.
By investing in a group health plan, you invest in your business, your employees, and yourself.