Four Reasons to Offer Group Dental Benefits
Dental insurance is an important part of any employee benefits package. It can help employees afford the dental care they need to maintain good oral health, and it can also help employers attract and retain top talent.
1. To attract and retain employees
Dental insurance is a valuable benefit that can help employers attract and retain top talent. In today’s competitive job market, dental insurance is often seen as a basic necessity, and employers who offer it can gain a significant advantage.
A study by the Society for Human Resource Management found that 81% of employees said that dental insurance is an important benefit when considering a job offer. Additionally, the study found that employees with dental insurance are more likely to be satisfied with their jobs and less likely to leave their companies.
2. To improve employee health and productivity
Good oral health is essential for overall health and well-being. Studies have shown that employees with dental insurance are more likely to receive preventive care and have better oral health than those without dental insurance. This can lead to fewer sick days and increased productivity.
The American Dental Association estimates that the cost of lost productivity due to dental problems is $11.7 billion each year. By offering dental insurance, employers can help their employees stay healthy and productive, which can save the company money in the long run.
3. To reduce healthcare costs
Dental insurance can help reduce healthcare costs in a number of ways. For example, preventive dental care can help prevent more serious problems down the road, which can save money on medical care. Additionally, dental insurance can help employees afford dental care, which can reduce the likelihood of them delaying or forgoing necessary care.
A study by the National Bureau of Economic Research found that dental insurance can reduce healthcare costs by up to 15%. This is because dental insurance can help prevent and treat dental problems that can lead to more serious medical problems, such as heart disease, stroke, and diabetes.
4. To boost employee morale
Employees who feel valued and supported by their employers are more likely to be happy and productive. Offering dental benefits is a way to show employees that you care about their well-being and are committed to providing them with a competitive benefits package.
If you are considering offering group dental benefits to your employees, there are a number of factors to consider, such as the cost of the plans, the level of coverage offered, and the needs of your employees. It is important to compare different plans and providers to find the best coverage for your company and your employees.
Offering group dental benefits to your employees is a smart investment that can pay off in a number of ways. It can help you attract and retain top talent, improve employee health and productivity, reduce healthcare costs, and boost employee morale. If you are not currently offering dental benefits to your employees, I encourage you to consider doing so.