Do I Have to Provide Dental Insurance to My Employees?
The quick answer is ‘no’. No business or company must offer any kind of insurance to their employees. Offering the best dental insurance is a great perk of employee benefits packages. Offering this can positively affect a company’s attractiveness in the eyes of current and potential employees.
Like any benefit at any firm, management has to offer employees perks and benefits that are:
- within their budget
- what employees will consider valuable
- appealing to the widest variety of people
- fair and reasonable
The art of getting creative with employee benefits tests the creativity of human resource managers and forces them to consider things that may be off the beaten path. Dental insurance is one of those benefits that, if approached in the right way can make the firm more appealing while being relatively gentle on the bottom line.
What is Dental Insurance
Dental Insurance is a type of insurance coverage protecting individuals (and their families) when it comes to dental costs. It covers the cost and expenses of dental procedures and treatments for employees and their families.
Dental insurance plans may differ depending on the one you chose. Variables to look at when considering a dental plan for your company include the cost per person, cost of different packages and premiums offered to you, and the network of dental professionals offered in the plan.
Not all employers offer dental insurance so companies are able to differentiate themselves by offering the best dental insurance they can afford to make their firm as noticeable and distinctive from their competitors as possible.
What Are the Different Types of Dental Insurance Plans?
There are many options when it comes to choosing the the best dental insurance policy for your company. These plans cover small day-to-day office visits and major procedures. An article provided by NADP describes different types of dental insurance plans including:
- Preventive Care: Office visits and Cleanings
- Restorative Care: Fillings, crowns, etc.
- Endodontics: Root Canals
- Oral Surgery: Tooth removal, Biopsies, Infection Treatments, etc.
- Orthodontics: Braces, Retainers, etc.
- Periodontics: Scaling, managing lesions and infection, root planning, etc.
- Prosthodontics: Dentures and Bridges.
Many plans cover protective care as well as co-payments. This discount is applicable in the form of a dollar amount or as a percentage. Adding on additional coverage for different procedures can raise the price of an insurance plan. It is up to the employer that provides this benefit to decide what kind of coverage they want to offer.
Why should I Offer the Best Dental Insurance Possible?
As discussed in an article by FitSmallBusiness, dental insurance has the ability to bring additional value to a company when offered as an employee benefit.
Dental Insurance are often highly valued by employees since firms don’t have provide any kind of dental plan for their workers. When talented employees who are looking for a job see this included in their benefits package, it could influence their decision to work for your company. Offering the services employees need and want shows potential talent that you care about their well-being and provide what they need.
Since dental insurance is not a requirement when it comes to employee benefits, a company who does offer this benefit has a higher chance of keeping their talented and hardworking staff at their company rather than losing them to another corporation with more valuable employee benefits.
The Best Dental Insurance Gets You Employees with Families
Another great benefit is to offer a family plan. Dental insurance is really important to employees who are married or have children. Family plans can are available through most insurance companies and for a reasonable price. Why do you want employees that have families? Well, for one, they tend to be a bit older and more experienced. Also, they avoid switching jobs frequently because they desire stability and consistency.
Differentiating Yourself From the Competition
In addition to offering dental insurance perks, you make your company more attractive to potential employees since you are offering valued benefits that other companies may not offer. This sets your business aside and can make it stand out as a more valuable place of employment.
Also, it’s an added value for employees. If your company already has a medical plan in place, adding dental can attract employees and likely won’t cost you much more. Connecting with an insurance partner such as a PEO, additional plans are easily accessible and affordable to you and your company.
What are the next steps to securing the best dental insurance through a PEO?
GET A QUOTE! After filling out the appropriate paperwork, obtaining a quote from a PEO typically between three and five days. Then, after receiving a personalized quote and finding your best PEO, you can officially accept an offer and start giving employees the best benefits they deserve!