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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Hospital Insurance.

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Worksite benefits: Hospital indemnity insurance and beyond

Higginbotham

Employers can help their employees by offering worksite benefits like hospital indemnity insurance and other supplemental benefits. What is hospital indemnity insurance? Hospital indemnity insurance is a supplemental insurance plan that’s used in conjunction with an existing health insurance plan.

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5 ways you can help employees get the most from their benefits

Insperity

You might also think about providing blood pressure screening (a local hospital may be able to provide this at little to no cost) or a raffle for fitness equipment or dinner at a nice restaurant. For instance, what costs are the employees responsible for (partial premiums, deductibles, etc.)? Consider offering lunch or snacks.

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17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

Payroll deductions This item spells out each of the deductions the company withholds, including federal, state, and local taxes and other things, including voluntary deductions for benefits. It covers things including hospital and doctor visits, surgeries, and prescriptions. Dental, vision, and disability insurance.

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What is ancillary health insurance?

Higginbotham

Often referred to as “ancillary benefits,” ancillary insurance can include coverage for miscellaneous medical expenses incurred during a hospitalization that may not be covered by your group health insurance. Through payroll deduction, employees pay the premium balance left over after the employer contribution.

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Budgeting for Benefits: Sage Advice for Cost-Conscious Employees

Griffin Benefits

Such risks can manifest themselves in larger out-of-pocket expenses, or cash flow issues at the beginning of the plan year, while they work to satisfy their deductible. Discuss short- and long-term disability insurance, when it applies, and how to use it.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.