Insurance plans and related benefits are an aspect of working that many employees look forward to. In fact, it could be said that some people choose the jobs they apply for based on the insurance benefits available after hire. Signing on for insurance, however, can take a lot of time and explanation. Instead of taking up the time of the HR department, many companies are moving towards HR consulting services to handle insurance explanations and enrollment. Here are some of the benefits of hiring HR consulting services for your company.
Going over the benefits packages available by your company can take several hours. In fact, many companies set aside a half day or even a full day of training for it. Instead of having your HR department take time away from their daily tasks, you can have an HR consulting service do it. The consulting service can go over each individual benefits package. They will discuss what options are available, when those options become available, and how the fee structure works. They can also take this time to answer questions and help with enrollment if enrollment is available on that day.
Dental, vision, and HSA supplemental plans are usually available as additions to the primary health insurance benefit. These can be added on in grouped options such as dental and vision or as separate plans. If your company offers an HSA plan, this may take the longest to explain for your HR department. The consultant, however, can take the time to understand each aspect of the HSA and where or how it can be used. There is an increasing number of businesses accepting HSA for certain purchases, including Amazon and CVS. Explaining to your employees how this type of account works can be vital to how they view the health insurance plan.
Life Insurance Options
Life insurance is an option that an increasing number of companies are offering to their employees. These policies generally run through a third-party insurance provider. These insurance plans may be for small amounts or specific uses. For example, you may offer a burial policy option for your employees. You may also offer insurance for their children or for disability-related issues. The HR consulting service can explain each option and help your employees determine the ideal one for their situation.
These are just a few of the services an HR consulting service can provide to your company. There are many other HR-related services available depending on the consulting service you choose. If you have specific needs or if you need ongoing HR insurance support, contact an HR consulting service. They can discuss the services you need and how they can offer these services to your company.