Kathy Eastman on September 3, 2014
4 Things You Need to Know When Offering Employees Dental Benefits
Taking care of the health of your employees is important, and there is a pretty big emphasis on oral health these days. With multiple healthcare options through avenues like the Health Insurance Marketplace and Human Resources Outsourcing (HRO) available, it’s never been easier to find great dental benefits for your workforce. Before getting started and looking for coverage, there are four main things you need to know.
1) Dental Benefits Budget
First of all, you need to have a rough idea of how much you’re willing and able to spend for coverage. Plans can vary in pricing considerably, and the more features you offer means the more you will typically spend. For very basic plans with examinations and routine cleaning, you can usually afford them even with a minimal budget.
For more comprehensive features like x-rays, fillings and oral surgery, you can expect to pay significantly more. Also, it will be less expensive to only provide coverage for an individual employee rather than for them and their other family members. That’s why you need to crunch the numbers and see what your budget is before proceeding.
2) Your Employee Needs
Because your employees are the ones who will be receiving coverage and their oral health is at stake, it’s important to understand their specific needs. In some cases, basic dental benefits are sufficient and extensive features are overkill. Other times, this just won’t cut it and your employees will prefer more exhaustive coverage. Prior to choosing an insurance provider, it’s a good idea to go over dental benefits with your workforce and get a general consensus on what everybody thinks about the situation.
3) Policy Coverage
You will definitely want to know all of the details and subtle nuances of a policy before jumping in head first. Consequently, it’s necessary to thoroughly look over a provider’s schedule of benefits. It’s imperative that coverage is adequate enough to meet the needs of your employees, but without going overboard to the extent that there are needless features. Also, be sure to look at the deductible and co-payment to ensure that they’re to your liking before signing up.
4) Policy Provider Credentials
Finally, it’s a good idea to do some research into a potential provider. You might want to look at how long they have been in business, their professionalism, their caliber of customer service and overall credentials. They should also have an effective claims processing system in place because keeping up with paperwork can be an arduous process. Even if you’re going through a healthcare exchange, you should at least do a little research and check out some unbiased reviews before making up your mind.
By offering dental benefits, you should be able to strengthen rapport and have happy employees who are well taken care of from a health standpoint. With a little planning, you can find the right coverage through a reputable provider and ultimately “right-size” the dental benefits of your employees.