For the most part, dental and vision care are traditionally the second and third most popular employee benefits just following health insurance. Employee benefit must-haves are changing. As a result, employees are looking to their employers to provide short-term and long-term disability insurance as well. Here are some essential things employers need to know when it comes to short and long-term insurance benefits for their employees.
Access To Disability Insurance Is Getting Better
It’s been about a decade now that employers have begun increasing the voluntary and supplemental benefits available to their employees. When it comes to short-term and long-term disability insurance, employers are seeing the rewards that come with providing these types of voluntary benefits to their employees. For long-term disability coverage, employees are expecting these offerings from their employers.
Lack Of Interest Will Frustrate Employers
When it comes to employers, some are worried that employees won’t be interested in the voluntary benefits that they provide. One of the employers’ most frustrating aspects of having voluntary and supplemental insurance plans is that their employees will have absolutely no interest in the types of benefits offered. However, this couldn’t be farther from the truth. The reality is that if presented as strictly a voluntary or supplemental benefit, short term and long term disability insurance can be difficult to get people to sign up. But, for the most part, people ultimately don’t think that they’ll ever become so disabled that they won’t be able to work for a significant period. And while that might very well be true, the protection that these types of insurance plans provide is worth the small cost associated with them.
Cover A Great Amount Of The Premium
As mentioned, when employers pay a lot of the premium- providing low costs to employees for voluntary benefits, they are significantly more likely to sign up for these supplemental and voluntary benefits. Employers who continue to shift the cost of employee benefits onto themselves see a lot of talent flocking to their company while also retaining their top talent.
Get Your Voluntary and Supplemental Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. When you choose The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet the needs of all your employees. With over 17 years of experience, The MWE Partnerships is your one-stop shop for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, then contact us today! Also, be sure to like our Facebook page, and follow us on Twitter and LinkedIn for all the latest voluntary benefit news!