When hiring a new team member, you focus on their qualifications, where they fit into your team, and how they can contribute to the company’s goals. You invest time in orientation for new employees, so they’ll know how to perform their jobs effectively, but do you spend time explaining their benefits as well?
Healthcare benefits can be confusing, especially for employees who are new to the workforce or those who have not had their own benefits plan before. How well do your employees understand their healthcare plans? Do they know what premiums and deductibles are? How about the difference between a copay and co-insurance? What is a High Deductible Health Plan? So much information is available on employee benefits that it can be overwhelming to sift through during a short open enrollment period. Here are some basic terms employees need to know to fully utilize benefits offered. Continue reading “Help Employees Understand, Utilize Benefits”