To provide benefits that help safeguard their employees’ physical and financial health
Nationwide Better Health has introduced its workplace benefits for employees including accident and hospital products, group dental plans, group term life insurance and medical stop loss insurance.
These offerings allow employers to provide benefits that help safeguard their employees’ physical and financial health.
According to the 2009 Employer Health Benefits Summary by the Kaiser Family Foundation, the percentage of covered workers in plans with high deductibles has grown from 10% to 22% since 2006. And because of the current economic downturn, about one in five employers who offer health benefits stated that they either reduced the scope of benefits offered or increased worker cost-sharing in 2009, typically through a high deductible health plan option.
The same study found that deductibles are not the only health-related expense on the rise. Employer-sponsored health insurance premiums for families increased 5% in 2009 outpacing the growth in employee wages of just over 3%.
The Nationwide Better Health workplace benefits provide dental plans with 26 flexible options and a network of providers, participation also provides employees access to preventative health and wellness services.
It also offers Life with AD&D to offer employees support for expenses incurred with the loss or disability of a loved one, including both daily and long-term financial obligations . Moreover, it provides Medical Stop Loss Insurance which helps employers with self-funded health plans prepare to handle both increased claims activity or catastrophic claims