Top 4 Reasons Why Health Coverage Matters to Your Employees
August 14, 2018 (Investorideas.com Newswire) If you are a small business owner, it's easy to assume that providing your employees with some type of medical coverage is not necessary. While they do have access to health care through the provincial plan, it pays to invest in their well being by offering some type of extended health care coverage package. Her are some of the ways your effort will make a difference for each of those employees.
Being Prepared for the Unexpected
The hope is that each employee enjoys excellent health well into their retirement years. Unfortunately, chronic conditions can develop and accidents can occur that leave them unable to work. The result can be devastating for the employee and his or her family.
When you've provided the option for long term disability insurance, your employees enjoy an added layer of protection from the unexpected. Should a debilitating situation arise, a combination of government provided support with the provisions in the disability insurance plan will ensure they have the means to receive proper treatment and enjoy a reasonable quality of life.
More Treatment Options Here and Now
There is no doubt that your employees can make use of the provincial plan to cover many of their basic health care needs. In most instances, those plans will be fine. However, they don’t cover every type of health issue, nor will the plan cover every kind of treatment.
When you offer your employees an extended health care coverage plan, the options for health care broaden considerably. If an employee believes that chiropractic treatments would ease the back pain without having to take medication, this plan will cover the cost of those treatments. The same is true for other things like therapeutic massage, seeing a physiotherapist, and any number of other options.
Fewer Financial Worries in Years to Come
Preparing for the future is something everyone should do. Along with setting aside funds for the retirement years, it also makes sense to secure and maintain insurance coverage that will help with ongoing medical care. The long term disability insurance you provide can be a part of that overall financial planning. Even if they never need it, knowing it’s there provides plenty of peace of mind.
The Ability to Be Treated Quickly
When an employee wants to seek an alternative treatment for an ailment, or if the treatment is not covered by the provincial plan, there will be some hesitation to seek medical help. Instead the employee will likely delay seeing a medical professional until there are funds to cover the cost. This is risky, since the condition could become worse in the meantime.
Thanks to the extended health care coverage provided through your company, they don’t have to delay treatment. It’s possible to see just about any type of medical professional and begin treating the issue. You can bet that an employee who receives treatment quickly will be happier on the job and more likely to remain with the company for a long time.
Have you given much thought to offering additional health care options like long term disability insurance of some sort of extended care plan? If so, today is the day to begin comparing plans. Remember you can always start with one benefit and add more as the company grows. Rest assured your efforts will not go unnoticed by the employees.
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