Dental Reap some benefits General trends for the purpose of Managers : A dental Benefits- Last, Show not to mention Forthcoming
In the present competitive marketplace, most businesses wish they might provide current and potential employees with comprehensive dental care benefits. “Dental plans rank as the 3rd most important employee benefit, just behind health and retirement.”18 According to Cathy Smithwick, dental practice leader at Mercer Consulting, dental coverage may be the “visible benefit because normally 75% of employees will make use of a good dental plan.”19
Dental benefits not just increase employee satisfaction and morale, but they could also cut down the hours lost because of dental issues. According to Oral Health in America, “employed adults lost significantly more than 164 million hours of work each year because of dental disease or dental visits.”10
A recently available study from NADP suggests that only 56% of the U.S. population has dental insurance.11 Therefore, inexpensive dental care solutions are highly coveted by both employers and employees. “To satisfy employee demand, more employers added dental to the benefits menu in recent years. One of many final holdouts, the federal government, will offer dental benefits to employees in 2006.”20
“Seven out of ten employers (71%) offer dental benefits, often with them whilst the differentiating factor in recruiting and retaining employees.”18 The investigation suggests that the bigger a business is, the more likely they are to supply dental benefits. “Among firms with at the least 10 employees, 56% offered dental coverage in 2003. Just twelve months later, that figure leaped to 67%, in accordance with an annual survey of employer-sponsored health plans by Mercer Human Resource Consulting. Dental offerings among large employers (500 employers and up) jumped from 90% to 96% of firms.”20
Unfortunately, many businesses cannot afford to pay all or element of their staff’dental benefits. “Mercer data show dental costs averaged $577 for all employers in employers in 2003 and edged around $598 in 2004, a 3.6% increase. Large employers, meanwhile, saw a 5.4 脫牙費用 % increase from $574 to $605.”20 According to Evelyn Ireland, Executive Director of NADP, “employers aren’t dropping dental coverage, but they’re squeezing the quantity of money they’re causing it.”20 In order the cost of providing dental benefits with their employees continues to rise, businesses are passing these price hikes onto employees. “The absolute most obvious method for employers to regulate dental costs … is to produce employees pay more.”20
Kirk Rothrock, CEO of CompBenefits, believes that many businesses are shifting the cost of dental benefits with their employees.20 “The greatest trend we’ve seen over the last three or four years may be the move from employer-paid benefits to voluntary benefits,” he says. “Employers are saying, ‘I can’t afford to pay your dental benefits.’ ”20 The State of the Dental Benefits Market, 2005 confirms that “over 70% of the population is paying at the least a portion of the dental premiums” and about 25% are paying for their entire dental premium.16
Many businesses are turning to discount dental plans, an affordable alternative to dental insurance, to defray the costs of providing their staff with valuable dental benefits. Discount dental plans present flexible, affordable dental benefits that are easy to implement and practically effortless to manage. They give businesses with an ideal way complement their existing benefits and give you a more balanced benefits package. Many businesses are using discount dental plans to supply dental benefits to individuals that are rarely included in traditional dental insurance, including retirees, part-timers, seasonal workers and uninsured dependants.
Discount dental plans are much more affordable compared to $600 many companies are still paying to cover employees with traditional dental insurance. Furthermore, discount dental plans save businesses valuable company time with convenient dental benefit solutions free from tedious paperwork hassles. Giving employees the freedom to select their particular plan, businesses are relieved from the burden of picking dental benefits to suit the unique, individual needs of the diverse workforce. Discount dental plans allow businesses to award their staff with the peace of mind they deserve and the affordable dental care they desire.