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Should substance abuse insurance be part of your employee benefits?

Higginbotham

The good news is many health insurance plans already provide coverage for health care services that treat mental illness and substance use disorder. According to Healthcare.gov, health insurance plans subject to the provisions of the Affordable Care Act must cover 10 categories of essential health benefits.

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Boosting Employee Retention with Strategic Perks: Insights from Abel HR

Abel HR

Comprehensive Health Benefits Health insurance is a top priority for many employees. Offering a range of health benefits, including medical, dental, and vision insurance, can make your company more attractive to current and potential employees.

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Investing in employee mental health benefits

Higginbotham

Mental health can also impact productivity: a literature review of 38 studies found clear evidence that poor mental health, particularly due to depression and anxiety, is associated with lost productivity, which can stem from absenteeism and presenteeism. By supporting mental health, employers may be able to contain costs.

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Employee Benefit: A Strategic Investment for Attracting and Retaining Top Talent

Empuls

This is especially true when you factor in the seemingly endless list of expenses: groceries, rent/mortgage, utilities, health insurance, car payments.   This isn't just a budgeting question – it's a question of understanding your financial reality. the list goes on. 

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How HR Can Help Employees Facing Financial Hardship?

Hppy

Additionally, flexible benefit plans , including customizable insurance packages and retirement savings options, can help alleviate some financial stress. For example, employees may choose to adjust their health insurance contributions or opt for a higher retirement savings match during challenging financial periods.

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5 Science-Based Learning Styles for Reaching More Employees During Open Enrollment

Flimp Communications

Common health insurance terminology, even (especially for younger employees) the basics, like “premium,” “deductible,” and “out-of-pocket maximum.” How to participate in wellness program offerings, mental health benefits, financial counseling, and other non-traditional benefits.