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From the PHP Team

Should Your Business Offer Dental and Vision Insurance?

If you've considered ancillary products for your employee benefits package like an HRA or FSA, you should also consider offering vision and dental insurance to your employees. In high demand, vision and dental insurance could be the products you need to retain top talent.

We’ve already discussed HRAs and FSAs as ancillary (add-on) products that are available through PHP, but there are also two other types of ancillary products that are worth mentioning—dental insurance and vision insurance.

 

Protecting your Smile

Unlike years past, dental insurance is now a benefit offered by many businesses of all sizes. According to an article on WebMD, “About 90 percent of employers with 500 or more employees offer dental benefits. Across the board, about 50 percent of companies offer dental coverage.”

One might even conclude that employees expect to receive some form of dental coverage as part of their overall benefits package. An article by The Society for Human Resource Management confirms this fact stating, “Most workers agree that dental insurance is a key employee benefit: 82 percent cite it as 'very important' and 54 percent cite it as a 'must-have'."

Despite this fact, many small businesses are quick to ignore the ever-increasing demand for dental coverage.

Oral health and overall wellbeing go hand-in-hand, so it’s no wonder that employees are surprised if regular dental check-ups and maintenance are not covered by their insurance. Most people don’t enjoy going to the dentist, and having to pay for it out-of-pocket on top of that is enough to keep many people from practicing proper preventive care. This can be threatening to health in the long run as evidenced by the relationship between gum disease and heart health according to the American Association of Periodontology.

Thankfully there’s a solution! PHP’s dental insurance product offerings offer businesses a variety of dental insurance options to fit every budget. All you have to do is call, and we can help you choose the add-on plan that’s right for your organization.

 

Protecting your Sight

Vision insurance is another ancillary product that may be worth considering for your business. The percentage of organizations that offer vision insurance is not as high as dental insurance, but that just means that by offering it you can get a leg up in the competition for recruiting top employees.

Many times vision benefits are not all that expensive to offer, but they ARE highly desired. An article on BenefitsPro.com states, “Vision benefit offerings are seeing increasing enrollment, with more than 80 percent of those who are offered a plan signing up. That’s comparable to the percentage who sign up for dental coverage, and close to that for medical coverage.”

This same article also goes on to say, “An overwhelming 98 percent of its Employee Perceptions of Vision Benefits survey respondents believe including vision benefits as part of an overall health package shows companies care about their employees’ well-being.”

This makes vision plans a great place to invest in order to help attract and retain quality employees. 

One great thing about PHP plans, however, is that even if you choose not to offer an additional vision plan—every PHP medical plan comes automatically with a Vision Discount Program. This program provides employees with significant discounts on eye exams, contacts, frames, and more just by showing your standard PHP insurance card.

PHP is pleased to offer this benefit, because we know how important quality vision care is for an employees’ overall health. Routine eye checkups can help with early detection of a wide variety of health concerns, from diabetes to stroke risk, and vision problems decrease employee productivity.

 

Want to Find out More?

Contact PHP today to discuss the costs and benefits of dental and vision insurance for your organization. Offering ancillary products, like dental and vision insurance, is a great way to communicate to your employees that you care. And who knows, it might even pay for itself by preventing unnecessary time off and improving employee productivity?

Give your employees what they really desire, and keep them for the long-term with dental and vision products through PHP.