The value of voluntary benefits to employees

by MikeMeehan 1/16/2019 2:13 PM

As companies look to reduce costs, decision-makers may consider cutting dental coverage. Instead of getting rid of it altogether, voluntary benefits can be a viable solution. By shifting a portion or all of the cost to employees, voluntary benefits help save money while preserving the numerous advantages of dental benefits.  Cost savings Even if employees pay 100 percent of the premium, there are several advantages they can only access through voluntary plans versus finding coverage on their own. Voluntary benefits can mean reduced rates for employees because their premium will be based on group rates. In addition, employees may pay their premium automatically through the company, allowing them to receive pre-tax savings through payroll deductions. Convenience Voluntary benefits don’t just offer cost savings; they also offer time savings. By managing their dental benefits through an employer, employees experience a more convenient way to pay their premiums via payroll deductions. Plus, they can rely on the company’s educational resources to understand their plan and find help navigating the world of dental benefits by leaning on the expertise of their company. Employee morale Voluntary dental benefits may also help with employee morale. Employees consistently rate dental insurance as a “very important” part of a benefits package. Companies that offer dental benefits send a clear message that they prioritize employee needs, health and well-being. This conscious effort to take care of employees can contribute positively to workplace morale. Voluntary benefits offer a unique cost-saving option for companies and significant advantages for employees. To learn if voluntary benefits are right for your company, contact your broker or local Delta Dental representative today.  

How a large dental network helps your business

by MikeMeehan 11/9/2018 9:31 AM

With a larger network size, your employees have a greater selection of dentists to choose from. The result for your business and employees is lower costs and better convenience.  Lower costA large network results in better utilization of in-network dentists by your employees, which helps keep costs down. Visiting a network dentist helps ensure lower claims costs, offering immediate financial benefits for self-insured groups and leading to more stable overall costs in the long run for fully insured groups. Employees also enjoy lower out-of-pocket expenses and maximize their benefits when they seek care from in-network dentists. Doing so protects them from balance billing, which is when a dentist’s fee for a specific service exceeds the plan’s allowed amount and the dentist bills the difference.  Better convenienceIn addition to cost savings, a larger network provides a more convenient experience. If employees already have a dentist they prefer, a bigger network makes it more likely that their dentist participates. Employees no longer need to spend time comparison shopping because they can easily find in-network dentists who have agreed to set fees for common dental procedures. That can increase employee satisfaction in the plan and the benefits offering.  Plus, employees can save time by visiting network dentists. Participating dentists submit claims directly to Delta Dental, so your employees don’t have to handle time-consuming forms, whereas out-of-network dentists may not provide this service. When employees use a network dentist, Delta Dental pays the dentist so the employee isn’t required to pay and then wait for reimbursement.  Contact your benefits consultant or local Delta Dental representative to learn more about our dental network.

How dental benefits help employers stay competitive

by MikeMeehan 7/19/2018 9:22 AM

Full compensation packages that include dental coverage can help you stand out from your competition. Not only do they make you look more attractive from the outside, but they also help you save time and money internally. Read on to learn why dental coverage is a key part of staying ahead of the pack. Attracting talented employees According to McKinsey, top performers in business are around eight times more productive than average performers. Attracting and retaining these top employees is critical in a highly competitive marketplace and offering dental benefits can help.  Consider this: Two out of 3 employees report that dental coverage is an extremely or very important part of an overall compensation package. In fact, dental benefits ranks higher in importance than disability, life and retiree health insurance. And offering an attractive benefits package matters when it comes to the hiring process; 3 out of 4 workers state that the benefits package offered by an employer is an extremely or very important part of their decision to accept or turn down a job.  Saving your employees (and yourself) time and money Every year, Americans lose more than 164 million hours of work from dental disease, costing companies significant amounts of productivity. Offering dental benefits helps employees stay healthy by encouraging them to seek preventive care. In fact, employees with dental coverage are 73 percent more likely to schedule dental checkups annually than those without it. And visiting the dentist regularly leads to better oral health and early dental disease detection, preventing time away from work required to treat more complex issues.  Dental coverage can also help you and your employees lower the cost of medical care. The dentist will screen for oral cancer, increasing the odds that it will be caught early. Additionally, signs of over 120 diseases may be detected in the mouth including heart disease, diabetes and even some cancers, according to the U.S. Surgeon General Report on Oral Health and the World Health Organization. This disease detection may help improve treatment options and patient outcomes.  If you’re looking for a competitive edge, dental benefits can help. Speak with your benefits consultant or local Delta Dental representative to review your options for employee coverage.  

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