A benefits package is an integral way for your business to invest in your employees.

It not only helps to retain qualified workers but also keeps them productive and satisfied. As a business, you’re able to compete for talent and be viewed as an employer of choice among your competitors. Let’s look at the top five things to consider when building a competitive benefits package:

1. Comprehensive Coverage

Combining health coverage with other specialty products creates a fully integrated benefits package. Options like dental coverage and life insurance plans help protect your employees and keep them satisfied. Consider including additional offerings such as prescription drugs, wellness programs and more.

Competitive benefits packages like this provide your employees with the best coverage at an affordable rate for you and them.

2. Single-Carrier Coverage

Having multiple insurance carriers can be complicated, especially when it comes to coordinating customer service or resources. Working with a single company for employee benefits eliminates the hassle. Plus, employees will have consistent communications and tools that make understanding their benefits that much easier.

3. Adding Extra Value

Benefits that exceed expectation will show your employees just how much they are appreciated. Find products that offer value-added services at no cost to them, such as grief counseling

4. Extensive Network Options

Your employees should have access to the care they need, wherever they are. A benefits package with a statewide or even national presence can make all the difference, especially if it includes options like high-quality facilities and providers.

5. Keep Sales and Services Local

As a small business, you recognize that keeping things local has a significant impact. Managing sales and customer service teams spread out far and wide can complicate matters. So having these teams local creates a better overall experience for your employees and your business. 

Get Started

Building a competitive benefits package will not only support your employees along their health journey but show your business can provide the same great benefits of a larger company. Discover the advantages a COSE Benefit Plan can bring to your small business.

Founded in 1934, Medical Mutual is the oldest and one of the largest health insurance companies based in Ohio. We provide peace of mind to more than 1.2 million Ohioans through our high-quality health, life, disability, dental, vision, and accident and critical illness plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement and Individual and Family plans. Medical Mutual’s status as a mutual company means we are owned by our members, not stockholders, so we don’t answer to Wall Street analysts or pay dividends to investors. Instead, we focus on developing products and services that help people live healthier through all stages of life. For more information, visit the company’s website at MedMutual.com.

Social media:

https://www.facebook.com/MedMutual/
https://www.instagram.com/medmutual
https://www.linkedin.com/company/medical-mutual