Today is National Employee Benefits Day — a day to recognize everything professionals do for the workforce and take a closer look at the benefits available ro today’s worker.
In most cases, employees only pay attention to their benefits when they make plan selections or change jobs. But, understanding what is out there is always beneficial. With that in mind, here are five benefits everyone should look for, either in your current job or the next one.
1. Medical and Prescriptions
In most cases, medical and prescription benefits go hand in hand. These plans not only help you control the cost of your healthcare needs, but they can also protect you against financial disaster.
Medical bills are one of the leading reasons for bankruptcy, so having sufficient coverage is a must.
2. Dental Coverage
While these don’t inherently go together, they are usually additional benefits beyond medical and prescription, even if they fall into a similar category.
Although there are ways to get free dental care, it doesn’t usually cover everything. The cost of dental care can be significant without insurance, so many people choose to skip treatments they can’t afford. Dental insurance helps offset these expenses, making your care more affordable. Ultimately, your oral health is important, so finding a job with dental benefits is always a smart move.
3. Vision Benefits
The same goes for vision plans. Whether you currently need corrective eyewear or not, neglecting your vision can have serious consequences. Without insurance, the cost of appointments, glasses, and contacts can add up fast. Plus, numerous conditions can affect the eyes, so you need to keep up with your exams.
Vision insurance makes it easier to stay on top of your overall health, so seek out these benefits when possible.
4. Retirement Plans
Saving for retirement is a must. If your employer offers a retirement plan, then keeping up with this form of savings is a breeze. Usually, you can have the monthly payment taken straight out of your paycheck. And, in some cases, you can get additional funds from an employer match.
Having an employer provide you with a retirement plan can be significantly more convenient than setting up one yourself. Plus, you’ll be much less likely to ignore your retirement savings, ensuring a more stable financial future.
5. Paid Time Off
Everyone has obligations outside of the workplace, and most people experience occasional illness. But, without paid time off, they can be hard to manage. You might struggle to make doctor’s appointments, handle the needs of your children, or simply to recover after getting sick if you can’t get away from work. But, with suitable leave, you can take the time you need without having to sacrifice anything from your paycheck.
What National Employee Benefits Day Is All About
Ultimately, National Employee Benefits Day is a great time to review what you have or what you want from your job. Not every company offers the same benefits, so look closely at their programs to ensure you get everything you need.
Which kinds of employee benefits do you value the most, readers?
- Reconsider Roth IRA Contributions Over the Next Decade
- Should You Borrow Against 403(b), 401(k) or Other Retirement Plans?
- 31 Ways to Improve Your Career Today
- 102 Ways to Generate Extra Income
- 12 Reasons to Consider a Pay Cut
Like Saving Advice? Subscribe!
Subscribe to get the latest Saving Advice content via email.