An important condition of many workers’ employment is their ability to obtain benefits. Employers may offer health insurance, life insurance, workers’ comp and other coverage. Often, many employers legally must provide certain benefits.
Still, employers must do more than simply provide benefits to their teams. They must also ensure that employees can maintain their coverage. By careful initiative, employers can create appropriate understanding of their benefits packages.
To help your employees understand their benefits, keep these tips in mind:
1. Follow Local Insurance Law
State and federal law govern how employers must provide workers with insurance offerings. Required forms of insurance may include health insurance, life insurance or workers’ comp. The law often tells the employer how they must notify employees of benefits.
If you don't offer employees the chance to get coverage, the business could face penalties. Check local insurance laws to find out how, when and why employees need benefits.
2. Provide Information About Available Plans
Employers may have a degree of leeway to choose what plans they offer their employees. They can often choose group packages to cover employees while keeping their own costs manageable. Some employers even offer multiple choices of plans to their employees.
However, once employers determine what plans to offer, they should make sure employees have the information they need to enroll. Many employers provide handbooks, fact sheets and other information. These often give comprehensive explanations of the benefits available.
3. Educate Employees About Benefits
Benefits usually provide ongoing coverage for policyholders. However, they also may change from time to time. Plans may also offer perks which may require explanation from time to time.
Many employers provide interactive ways for employees to learn about their benefits. These might include seminars, meetings with insurance professionals or periodic benefits reviews. These can help employees learn more about their benefits to maximize their perks.
4. Maintain Open Communications
Again, benefits change, and employees usually must review their coverage. If the business provides the benefits, then it usually has a responsibility to make employees aware of plan changes. For example, employees usually have to re-enroll in health insurance every year. The employer usually has to notify their employees of enrollment dates.
With open channels of communication, you can help your employees better understand their benefits. Make yourself available to employees at all times to help them understand their coverage. You can also go a long way toward helping them maintain their own coverage.
Do you need benefits? Call Loftis & Wetzel Corporation at 580-363-3434 today. We can help you get a fast, free policy quote.
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