You value your employees and understand the company would not be where it is today without their efforts. That’s why you want to provide them with motivation to remain in your employ for many years to come. Along with holiday pay, a reasonable retirement plan, and a competitive salary, it also helps to think about the scope of the health coverage you provide. From things like long term disability insurance to support if the employee should become disabled, those benefits make a huge difference.
Health Coverage That Protects Employees
Here are a few examples of health coverage that must be part of the employee benefit package.
Something to Handle What Traditional Health Coverage Does Not
It’s true that traditional health coverage will take care of many of the employee’s needs. Even so, there may be outstanding balances once the provincial plan has finished paying. There’s also the potential for an employee to need a course of treatment that’s not included in that package.
That’s where the extended health care coverage you provide makes a difference. By effectively picking up where traditional coverage leaves off, you protect your employees from almost any type of medical situation. That’s sure to give the employee a reason to remain with you.
Short and Long Term Disability Insurance
Disability coverage is designed to provide some sort of financial support if an employee should be declared disabled for a short while or for a longer period of time. Indeed, you want to make sure the benefits provided to each employee include coverage for short term and long term disability insurance. The hope is that the employee never has to make use of either type of disability coverage. Should the need arise, the fact that the employee can focus more on getting better and less on worrying about finances will certainly make a difference.
Offering Options to Seek Alternative Medical Treatment
With extended health coverage, it’s not just about picking up where the traditional plan leaves off in terms of covering the costs of certain medical treatments or procedures. It’s also about broadening the range of treatments the employee can seek. The right type of extended coverage will allow your employee to see help from a chiropractor, acupuncturist, or naturopath if desired. Thanks to the plan, seeking those forms of treatment will not involve having to raid their savings account.
Taking Proper Care of the Eyes and Ears
You also want the extended health care coverage to include benefits for vision and hearing issues. Along with routine exams and testing, the benefits should help defray the costs of corrective lenses and hearing aids. The benefits should also include provisions to cover the costs of more comprehensive forms of treatment.
The goal of any type of benefit package is to ensure each covered party can weather whatever should happen and still enjoy a reasonable quality of life. Whether you are thinking of adding some type of extended medical benefits or want to include long term disability insurance, today is the ideal time to weigh the options. With help from a benefits professional, it won’t take long to find plans that are just right for you and your employees.