With the Affordable Care Act, employee benefits have taken an interesting turn. Simply providing medical insurance no longer distinguishes employers (with 50 employees or more) from one another, but the extent of the benefits plan can provide that distinction. Whether it’s a robust medical plan, or the legal minimum requirement, employer clients need to be aware of some ancillary benefits their teams are looking for and how they can improve employee productivity and retention.
Ancillary benefits are expected to increase over the next several years in response to the ACA, but these benefits don’t have to be costly for your employer clients. After all, they’re already paying for health coverage for their employees (or are prepared to pay the fine). They don’t necessarily have to pay for these benefits themselves; they can be employer funded or voluntary — meaning employees pay for the costs. Some of these supplemental benefits include each of the following, each with their own set of details:
