Common Employee Benefits

Some of the common and best employee benefits

Medical coverage: This is the most common employee benefit that employers offer. It covers costs associated with doctors’ appointments, regular checkups and basic medical procedures. It also covers emergency room visits and many types of surgical procedures.

Dental insurance: This benefit covers routine dental exams, cleanings and X-rays and dental procedures like root canals, fillings and oral surgery.

Vision insurance: This benefit covers eye exams, prescription lenses, ocular procedures and routine checkups for eye health.

Life insurance policies: This benefit provides financial protection to the employee’s beneficiaries in case of death. Often, these life insurance policies are group-term life insurance, which means the insurer provides the employer with a master contract that extends life insurance coverage to all staff members and is in effect for a certain time period.

Prescription and pharmacy benefits: This benefit covers the cost of prescription drugs and medications that the employee may need.

Retirement plans: This benefit helps employees save for their retirement by contributing a percentage of their salary to a fund that grows over time. Some employers may also match the employee’s contributions up to a certain limit.

Employee assistance programs (EAPs): This benefit provides confidential and professional support to employees who are facing personal or work-related problems, such as stress, anxiety, depression, substance abuse, family issues, etc. EAPs can help employees cope with their challenges and improve their well-being.