Insurance coverage can be complicated, but Delta Dental is making it simpler. You can now get Delta Dental’s Small Business Program (SBP) dental plans and VSP® vision plans together. That means industry-leading vision and dental coverage are now available conveniently paired together with a single itemized invoice.
These new vision plans feature comprehensive coverage on VSP’s nationwide network. They’re available in the same three-level structure as SBP dental plans (Deluxe, Advantage and Core), so you don’t have to worry about learning a new system and explaining it to your employees. Benefits vary by level, but every vision plan includes:
Coverage for an annual eye exam and lenses
A frame or contact lens allowance (contact lenses are available in place of lenses and frames)
Access to VSP’s nationwide network
When you pair VSP vision coverage with a Delta Dental SBP plan administered by Allied Administrators, you make billing simpler for you and getting care simpler for your employees. If you want to learn more or get a quote, visit our Sales Contact page. It’s easy to see that’s a win-win.
To complement your group medical plan, you should select ancillary benefits that add financial value and wellness incentives for your employees.
Nearly 60% of responding hiring managers, human resources professionals and workers identified better benefits as a key strategy to strengthen connections with employees and reduce turnover, according to a 2018 Career Builder survey. Using ancillary benefits to enhance total compensation for employees is a way to do this.
Millennials cite better benefits as a reason to change employers, along with seeking a new role, or career path dissatisfaction.
Why should your company offer ancillary benefits?
An ancillary benefit covers a specific need not addressed by your company’s group medical insurance plan. Dental, vision, life, disability and even pet insurance are complementary products that you can integrate into your benefit package.
This can strengthen your company’s relationship with employees. Ancillary benefits deliver value through access to health care plans and financial solutions that enhance total wellness, lower out-of-pocket expenses and give peace of mind.
With the option to select whatever benefit fits their individual or family needs, employees can customize an overall package that gives them peace of mind and job satisfaction.
Through surveys, you can determine what ancillary benefits employees are seeking, and then shape your benefit package accordingly.
What value do ancillary benefits add to your company?
Offering ancillary benefits shows that your company’s priorities match employees’ priorities. It is an investment that brings returns for your company through better employee health and financial stability, cost effectiveness and increased worker retention.
Companies saved $5.8 billion over four years by offering stand-alone vision plans, according to a study by the HCMS Group. The plan savings came from reduced health care costs, avoided productivity losses and lower turnover rates. These generally include contact lenses or glasses, and allowances for LASIK or PRK refractive surgery, and a comprehensive eye exam. An annual eye exam can reveal symptoms of chronic conditions such as diabetes, high blood sugar or high cholesterol.
Although 75% of millennials don’t carry life insurance, this benefit becomes more important to employees in later stages of their careers. The average worker has a 30% chance of becoming disabled, so a short-term or long-term insurance plan provides backup. Millennials make up 35% of all pet owners, and a 2018 survey by the Society of Human Resource Management revealed that 11% of U.S. employers offered pet insurance, up from 6% in 2014, with one in three Fortune 500 companies offering this ancillary benefit.
How a dental plan delivers value
According to an American Dental Association survey, 30% of young adults have tooth decay. As an ancillary benefit, a dental plan includes diagnostic and preventive services that go beyond maintaining employees’ oral health.
Dentists not only evaluate periodontal disease but also diagnose symptoms of major health issues, such as diabetes, during routine exams. Early detection enables employees to seek treatment that may avoid more expensive interventions. It can help your company control long-term health care costs and provide financial stability for employees.
Delta Dental offers dental plans that easily complement, and integrate with, your existing group health plans. Whether your company contributes to premiums or not, giving access to a dental plan as an ancillary benefit ensures a focus on total wellness and value for employees.