As a small business owner, you may think that providing health insurance to your employees is enough. However, if you’re not offering vision insurance, you could be missing out on an important benefit that can improve the overall health and well-being of your employees. In this blog post, we’ll discuss the importance of offering vision insurance to your employees and how it can benefit your small business.
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Improved Employee Health
Eye exams can detect more than just vision problems. They can also uncover underlying health issues such as high blood pressure, diabetes, and even certain types of cancer. When employees have access to vision insurance, they are more likely to get regular eye exams, which can lead to earlier detection and treatment of these health problems. This can result in lower healthcare costs and improved employee health.
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Increased Productivity
When employees have vision problems, it can lead to decreased productivity due to headaches, eye strain, and other discomforts. By providing vision insurance, you can help employees address these issues, allowing them to focus on their work and be more productive.
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Competitive Advantage
Offering vision insurance can also give your company a competitive advantage when it comes to attracting and retaining top talent. Many job seekers consider benefits like dental and vision when evaluating job offers. By providing this benefit, you can make your small business more attractive to potential employees and reduce turnover.
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Cost-Effective Benefit
Contrary to popular belief, offering vision insurance doesn’t have to be expensive. There are many affordable options available, and the cost of providing this benefit can be offset by the improved health and productivity of your employees. For small businesses, providing vision insurance can come at a surprisingly low cost. On average, plans can be obtained for just $5-$10 per month per employee, making it an affordable benefit option to consider.
Investing in vision benefits can also yield significant returns for businesses. According to a study conducted by HCMS Group, For every dollar spent on these benefits, businesses can receive $1.45 in value through reduced healthcare costs, improved workplace productivity, and lower employee turnover rates. It’s a wise investment with proven results.
In conclusion, choosing to offer vision insurance is a smart move for small businesses. Not only does it improve employees’ health, increase productivity, and provide a competitive advantage—it’s also a cost-effective benefit. If you’re not already offering vision insurance, consider adding it to your benefits package to show your employees that you care about their well-being and value their contributions to your business.
