Group benefits, which are vital for both employers and employees, are a form of employee compensation that provides workers with additional financial safeguarding. These benefits can be an important factor in attracting and retaining top talent, and they can also help to support employee well-being and financial stability. Our team can help you understand the various options available in group benefits, evaluate the costs and benefits of different plans, and make informed decisions about the best ways to provide for your employees. We can also assist you when you are navigating the regulations and compliance requirements for group benefits and clarify what you need to do to stay compliant.
There are three main forms of group benefits that we at Houghton Financial Partners can help you with:
Health benefits are an essential part of group benefits as they provide your employees with access to quality healthcare and reduce absenteeism and increase productivity.
Voluntary benefits, including accident, critical illness, or hospital indemnity insurance can allow your employees to better prepare for unexpected events and reduce the financial burden for them and their families. These benefits can be offered at a low or no cost to the employer.
Group benefits plans that include vision and dental coverage can greatly enhance the overall health and well-being of your employees by providing access to essential preventative and therapeutic care for their eyes and teeth.
Not only does it improve employee satisfaction and retention, but it also promotes overall health and wellness. Act now and schedule an appointment with us to provide your team with the comprehensive group benefits they deserve.