4 Reasons to Offer Group Dental Insurance
As the CEO or HR manager of your firm, you’ve probably had to decide what types of benefits to offer your workers. As any company head or management executive knows, attracting qualified workers and retaining valuable employees can be challenging. One of the many ways to address these issues is offering an attractive benefits package.
Dental care can be a particularly attractive perk since relatively few companies offer comprehensive coverage for these types of benefits. But dental plans can be costly, and the added expense may negate the benefits of hiring and retaining valuable workers.
For many companies, group dental insurance might be a feasible alternative. They are generally cheaper than individual dental insurance, and most provide more specific coverage that could be better suited to your workforce.
Let’s take a look at some of the reasons why you should consider getting group dental insurance:
It tends to attract more qualified workers
The most obvious reason to provide group dental insurance is to attract higher-quality workers. Keep in mind that relatively few companies offer comprehensive dental insurance, so you will be way ahead of the competition if you can include that in your compensation package.
Furthermore, offering dental insurance when you didn’t previously will make your company more attractive to your existing workers. If you have highly trained and experienced staff, you have spent considerable time and resources, adding this particular perk is a great way to keep them on board.
It is a relatively low-cost insurance option
Most people have the idea that dental insurance is prohibitively expensive. And while it is true that insurance, in general, can be quite costly, the cost is often much more reasonably-priced compared to salaries and other benefits. And given the benefits that dental insurance provides, many employers will find the expense well worth it.
Opting for group dental insurance will help make the cost even more manageable. Because you will be paying for a predefined set of dental care coverages, you will usually end up paying much less than you would if you had gone with a carte blanche insurance solution. And, of course, you can reduce costs even more by shopping around for a plan that offers only the coverage you need at a price you are willing to pay.
It can be a preemptive solution to potential health problems
If you need a good reason to justify paying for dental coverage for your employees, consider it a preemptive solution against potential health issues. Without dental insurance, your workers will be less likely to visit a dentist for checkups or preventive care. Therefore, they are at a greater risk of developing dental issues that could worsen into more serious problems. This could result in higher insurance claims, which will undoubtedly affect your bottom line.
But with group dental insurance, your employees are more likely to visit their dentists regularly. Furthermore, they will tend to take better care of their teeth and gums, which will benefit their dental and overall health.
It improves attendance and encourages better performance
Finally, consider the possibility that the availability of dental insurance will improve attendance and encourage your workers to improve their work performance. In a report published by the U.S. Surgeon General, it was revealed that as many as 164 million hours of work are lost every year due to dental issues. Think about how much that will affect your business’s performance and productivity!
Even without considering attendance and work performance, offering group dental insurance can only boost employee morale and improve job satisfaction. When your workers don’t have to worry about dental problems and the costs that come with it, they are much more likely to appreciate working for you and hopefully be more eager to devote their energies and talents to the firm. Ultimately, this could only benefit the entire organization.
Now, you might think that group dental insurance isn’t feasible for your company right now. Depending on your business, it might be a while before you could justify offering this particular perk to your employees. Nevertheless, you will have to consider providing dental insurance at some point. Before that time comes, it would be worth knowing what those benefits entail and how they will affect your company.
About Daniels Insurance, Inc.
At Daniels Insurance, Inc., we have a unique understanding of the risks that businesses like yours face on a regular basis. With the backing of our comprehensive coverages and our dedication to customer service and quick claims resolution, your business will be fully protected. For more information, contact us today at (855) 565-7616.