It can be difficult to strike a balance between the different sorts of benefits that are available when designing employee coverage. Most staffs are heterogeneous to the point that no two workers will need the exact same package of benefits. However, employers need to find trends or generalities among their employees if they're to provide excellent coverage and an enticing compensation package.
Employee benefit specialists can help to make this possible by using their expertise to recommend types of benefits that companies might not have known existed in the first place. For example – many businesses have recently begun to offer zero co-pay prescription drug plans. Older workforces or those in industries in which many staff members require prescription medication will find such services very appealing.
A zero co-pay prescription drug plan can also offset the costs associated with other benefits. Some workers may not necessarily need to visit the doctor very often except to renew their prescriptions. Thus, a higher deductible for physician visits may be more acceptable to employees than excessive prescription drug co-pays would be. Carefully review all staff demographic information with a benefit consultant and begin to streamline employee coverage today.
