It’s no secret that offering a robust benefits package helps small businesses attract and retain employees. It’s important to carefully analyze the plans available to determine which is right for your business.
Table of Contents
It Helps to Attract New Employees
Offering small business insurance dental plans is an important part of a benefits package and can help attract and retain employees. Employees with access to affordable dental care tend to call in sick less often, are more focused at work, and are more productive overall. While group dental insurance costs much less than health care, it’s still a significant financial commitment for small businesses. The good news is that many providers can now offer affordable dental insurance plans, even for small companies. For example, eHealth’s dental insurance plans start at just $10 monthly. Employees with affordable dental coverage are also more likely to take advantage of preventive care, which can decrease their risk of serious oral health problems that may cause them to miss work hours.
Additionally, dental exams are a great opportunity for healthcare professionals to screen for other health issues, such as heart disease. In a highly competitive job market, it’s increasingly important for employers to offer competitive benefit packages. With the cost of dental care relatively low compared to other forms of health insurance, providing affordable dental coverage is an easy way to attract and retain employees.
It Helps to Retain Employees
It is no secret that benefits play an important role in attracting and retaining quality employees. A recent study found that employees value health and dental insurance more than a pay raise. Small business owners who offer these benefits have a much easier time competing for talent and can see a return on their affordable investment. While many small businesses focus on providing the best health insurance to attract and retain their employees, they should pay attention to the importance of dental insurance. It’s important to note that dental insurance helps improve an individual’s oral hygiene and can detect and treat other medical conditions. Research has shown that poor oral health can lead to serious illnesses, such as heart disease, strokes, and diabetes. Visiting the dentist regularly can prevent or identify these issues early on, saving time and money. When selecting a dental insurance plan, choosing one that provides the latest treatments is important. Look for a program that covers white composite fillings, teen sealants, and comprehensive implant services. Additionally, it’s vital to check whether the plan uses a UCR fee structure, which covers a certain percentage of the usual, customary and reasonable charges for certain services in your area.
It Helps to Increase Productivity
Small business owners often need help to balance the needs of their employees with the cost of offering group benefits. While medical insurance and 401(k) plans typically take center stage in benefit packages, dental coverage is an affordable perk that can increase productivity. Employees with access to dental insurance are more likely to seek preventative care and are less likely to experience oral health problems that can interfere with work performance. As a result, they are more present in the office and can focus on their work without distraction. In addition, dental visits can also serve as screenings for other health issues, such as heart disease and high blood pressure. In addition, employees who have access to dental coverage can save on costly procedures and avoid out-of-pocket costs that could add up over time. This can significantly decrease the money a company spends on lost work due to dental-related problems. While many employers choose to include a dental plan as part of their overall benefits package, it’s important to look at the unique needs of each business. Providing an affordable, flexible dental insurance option separate from the rest of your benefits package can help you stand out from other employers and attract top talent.
It Helps to Reduce Health Care Costs
Dental problems can significantly impact a person’s overall health and productivity at work. If left untreated, they can lead to major dental and health costs. Providing dental insurance can reduce these costs for both employers and employees. Many people rely on their employer-sponsored dental coverage to help them afford regular visits to the dentist. These visits offer an opportunity to screen for other health issues like high blood pressure or sleep apnea. Early treatment can prevent these conditions from becoming more severe. Offering group dental insurance can help small business owners attract and retain talent. It can also lower employee-related healthcare expenses, which is a great way to save on premiums for other types of business insurance. It is important to note that not all dental insurance plans are created equal. When selecting a plan, look for one that offers cost protection, easy access to top dentists, and up-to-date treatments. It’s also essential to consider how a plan’s deductible structure affects its overall value. The higher the deductible, the lower the monthly premium. A good broker can help you understand the nuances of different plan options and ensure you select the best one for your needs.