Employee Benefits

An Employee Benefits Plan usually refers to employee stock ownership, retirement plans, vacation, health, dental, 401k plans, life insurance, disability insurance, and other components.  The main purpose of these benefits is to provide better security and lifestyle for the employee. Doing this often gives the employer a competitive advantage to secure the best talent. Often, it is simply the law.

While nothing in the area of employee benefits is simple, some areas like health care insurance might cover a wide array of offerings such as medical, prescription, vision, dental plans, health and dependent care flexible spending accounts, long term care insurance plans and wellness programs.

Even small employers often provide for many of these items and even more wish they could. Current Health Care Legislation from the Obama administration is in play. Regardless of the outcome of health care reform, these and other employee benefits are complex. The good news is that there are many companies that want to provide those services.