As an employer you want to offer your employees the best benefits possible and you want your employees to get every last drop of utility out of these benefits, that's why you pay for them after all. That's also why you should do everything in your power to educate your employees about their benefits. Here are a few of the mistakes employees commonly make when it comes to their health coverage and some information on how you can help combat them.
1. Not Buying Coverage At All
Some employees, often those who are young, assume that because they are young and healthy they don't need coverage at all. The truth is that anyone, even the most health conscious individual, can get sick. Be sure to do your part to educate your employees about the cost of uninsured medical treatments and the reality that no one is completely immune to illness or injury.
Many health plans also come with perks like discounted gym memberships that can be instrumental in getting younger employees to sign up, so be sure to educate them on the full extent of what their health insurance has to offer.
2. Ignoring Preventative Care
Health insurance isn't something that only kicks in when you get sick and need treatment. There are many plans that offer provisions for free preventative care like routine checkups, immunizations, and health screenings. Routine care like this can help your employees live a longer, healthier life and reduce the amount you spend on health coverage as well.
Your insurance provider should have a set of guidelines that include an outline of the free preventative care they offer, so be sure to provide your employees with a copy of this.
3. Not Understanding Their Provider Network
If your benefits plan includes an HMO your employees need to be aware that going out of network can cost them big time. With an HMO your out-of-network costs will not be covered at all and these costs can sneak up on you if you aren't careful. For example, if an employee is getting surgery in a hospital that is in-network but the anesthesiologist on duty is not in-network the employee could be charged for the anesthesia.
Even with a PPO your employees can incur surprise costs for going out of network, as a PPO calculates the payment based on what it deems a "reasonable" charge for the service provided. What a provider determines to be reasonable may be significantly lower than what the doctor actually charges and that means your employee is making up the difference.
Employers often fail to adequately explain, or don't bother explaining at all, little loopholes like these to employees. Make sure you don't fall into that trap.
In order to reap the rewards of that benefits package you worked so hard to put together you need to have engaged and knowledgeable employees. At Summerlin-Roberts we understand this. Please contact us today for more information about our programs, including our health insurance and our employee engagement services.