3 Common Things Employers Need to Decide on When It Comes to Employee Benefits Plans
Creating an employee benefit plan in Vancouver is no walk in the park for many employers. The goal is to provide a competitive Employee Benefit Plan in Vancouver that won’t break the bank. Unfortunately, many employers find this a little challenging to achieve. Here are some of the common things employers often have to decide on: 1. To go with a high-deductible health plan or not. When employers have a limited budget, they usually go with a high-deductible health plan. The company will shoulder some of the costs of the health plan, but the employee will shoulder the majority of it. It benefits employees in such a way that the monthly premiums are lower. 2. To incorporate voluntary benefit or not. Another thing most employers mull over is whether to go with a voluntary benefit plan or not. It can be a back-up if employees already have existing major health or medical insurance policies. 3. Decide whether wellness incentives should be a part of the benefits plan. More a