The majority of employers feel an obligation to help look after and protect their employee's health, and if they can do it at no cost to their business then it's all the better.
But is it?
The problem with most voluntary group plans is the insurance company needs to send a group of agents to your place of business, where they want to meet one on one with your employees, during working hours!
Obviously, removing your employees from their duties is a direct cost to your business, and during such difficult economic times it may be a cost you cannot afford.
Having said that, a good benefits package remains a priority for both employers and their employees, so is there a way to avoid the loss of all those man hours?
Actually there is.
Because of the massive technological advances we have all made, it's now possible to set up a group discount dental plan without the need for any of your employees to meet with an insurance agent. In fact a group dental discount plan can even be set up without the employer or their representatives having to meet with an insurance agent at all. To most business owners this is a huge relief!
The benefits of a group discount dental plan to your business are identical to those offered by traditional voluntary insurance:
1 It's an easy way to boost your benefits package and help increase the morale of your employees
2 It works for any business, regardless of size. From just 3 employees up to 100,000 or more, you can provide the same protection at no cost to your business.
3 Your employees can pay with pre-tax dollars because the plan is eligible for a section 125 cafeteria plan.
4 Helps to establish a healthier and more financially responsible workforce
How is it possible to set up a group dental plan without meeting with employees?
Because discount plans are not regulated by the insurance industry, applications can be completed by employees, on their own, in their own time.
As most employers know, dental is the second most requested benefit after health insurance. Discount dental plans now make it possible for any employer to provide their employees with dental benefits at no cost at all to the business, either financially or in lost man hours.
There are three things an employer needs to check when evaluating a group discount dental plan
1 Does the plan have a sufficient number of participating dental providers in your area? Any plan that does not provide this information upfront should be avoided.
2 Monthly membership fees. Individual coverage should not cost more than $9 per month.
3 The cost of procedures. If a plan does not provide a full fee schedule for your State, upfront, it is likely your employees will find some nasty surprises down the road. (Do not base your decision on national averages as costs vary from State to State)
Discount Dental Plans can save your employees up to 70% on dental procedures. They do not have waiting periods and all types of oral healthcare are covered, including orthodontia. The other benefit worth noting is there is no annual limit; discount dental plan members can use their card as much as they need without restriction.
It's not surprising then that more than 10 million Americans are currently using discount dental plans to provide affordable dental care for themselves and their families.
A final observation for Employers
The gross cost of a group discount dental plan can be less than $7 per employee. That being the case many employers have decided to make this type of dental plan non contributory.
While the cost to the business is small, the perceived value of a non contributory plan to the employees is high, allowing the employer to increase employee morale and loyalty for a marginal cost.
With such a difficult economic environment to deal with, providing an affordable non contributory dental plan could just be a stroke of genius?
Food for thought I suggest.
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