Businesses are always looking for ways to increase profits while keeping costs low. While this strategy can be effective, cutting costs in certain areas can lead to long-term losses. One critical area where this is evident is in employee health and dental insurance. Companies that prioritize immediate financial savings over comprehensive employee benefits risk harming their workforce’s well-being and, ultimately, their bottom line.
The Hidden Costs of Short-Term Financial Choices
Opting for a low-cost dental plan with limited coverage and higher out-of-pocket expenses can negatively impact employee retention and recruitment efforts. According to a 2023 study by America’s Health Insurance Plans (AHIP), 68% of employees believe that health coverage is important for recruitment, while 77% say it is crucial for retention.
Moreover, choosing a plan with limited coverage may discourage employees from seeking necessary dental care. Regular oral exams can detect over 120 diseases, including autoimmune disorders, cancer, diabetes, heart disease, kidney disease, and osteoporosis. If employees avoid dental visits due to cost, minor issues can escalate into serious health problems, affecting both the employees and the company.
Neglecting dental health can lead to decreased productivity and increased absenteeism. Employed adults lose over 164 million work hours each year due to oral health issues or dental visits. Additionally, when employees fall ill and require costly treatments for preventable conditions, it results in higher overall healthcare costs for the company.
SEE ALSO: Local Dentist Provides Affordable Care for Uninsured Adults
Making Long-Term Employee Insurance Decisions
When selecting employee health insurance, particularly dental coverage, companies should adopt a strategic approach that favors long-term benefits for their workforce. T The first step is to secure insurance plans from reputable providers, such as Delta Dental of North Carolina (DDNC).
For over 50 years, Delta Dental of North Carolina has been dedicated to promoting healthy smiles. They provide affordable access to oral healthcare as part of employee benefits and directly to individuals and families. As the leading dental insurer in North Carolina, DDNC boasts the largest network of dentists in the state and offers multiple plan options. It is also part of the largest dental insurance network in the country, covering over 85 million Americans.
In North Carolina, Delta Dental has increased its membership by 1,222% over the past 13 years. This growth is significant because three out of four dentists participate in the network, making it easy for employees to find an in-network dentist.
Many employees may even be able to continue seeing their current dentist if they are part of DDNC’s network.
Investing in Employee Dental Care: A Smart Business Strategy
The value of dental benefits for businesses cannot be overstated.
Choosing health and dental insurance should not rely solely on cost-saving measures. When a business supports its employees’ physical and financial well-being, it fosters a workplace environment that promotes health, happiness, and success.
The Impact of Dental Coverage on Employee Satisfaction
Providing comprehensive dental coverage can significantly enhance employee satisfaction. When employees feel that their health needs are being met, they are more likely to be engaged and productive. A robust benefits package that includes dental insurance demonstrates an employer’s commitment to their workforce.
Attracting And Retaining Talent
In today’s competitive job market, offering extensive benefits, including dental insurance, is crucial for attracting and retaining top talent.
Prospective employees often evaluate the benefits package when considering job offers. A strong dental benefits plan can be a deciding factor for candidates weighing multiple job opportunities.
Financial Protection And Peace of Mind
Dental insurance provides financial protection and peace of mind to employees. According to the Kaiser Family Foundation, many U.S. adults carry some form of medical or dental debt. By offering coverage for preventive care and emergency services, employers can help manage dental expenses effectively. This financial security enhances employee satisfaction and contributes to a positive work environment.
Reducing Absenteeism And Improving Productivity
Good oral health is linked to overall health. Employees with dental issues often take more sick days, which can disrupt workflow and reduce productivity. By providing dental insurance, companies can encourage employees to seek preventive care, ultimately reducing absenteeism. Healthy employees are more likely to be present and productive, leading to better performance and outcomes for the company.
Supporting Overall Health
Regular dental check-ups can prevent serious health issues. During routine visits, dentists can identify early signs of conditions such as heart disease, diabetes, and even some cancers. Ensuring that employees have access to dental care encourages them to book regular appointments, enabling early treatment of severe illnesses.