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Personalized benefits packages allow employees to select benefits that align closely with their life stage, health needs, and financial priorities. VoluntarybenefitsVoluntarybenefits are a powerful way to offer added value without a significant cost burden.
Benefits are also not top of mind for many employees. Employees are often more focused on frequently used benefits such as vacation and paid off policies (PTO) rather than insurance, voluntarybenefits and retirementplans.
For instance, many benefitsplans have employee assistance programs (EAPs) with financial wellness resources that cover legal services and caregiving services that can help alleviate financial stress. The pieces that comprise healthcare and retirementplans, voluntarybenefits, and EAPs are connected.
Offer alternative healthcare plans , such as high-deductible healthplans (HDHPs) paired with healthsavingsaccounts (HSAs). These plans often provide employees with more control over their healthcare expenses and offer tax advantages.
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