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Workplace Benefits

Workplace Benefits Insurance

A worker is eligible to receive work benefits and insurance shortly after he or she starts working at a new job. Usually, the benefits office will explain the benefits that the employer provides during an orientation session. The benefits coordinator will let the new employees know what they have to do to sign up for their benefits, and he or she will let them know when those new benefits will kick in. The following are just a few examples of the types of workplace benefits insurance that people can get from their employers:

Health Insurance and Long-Term Care Insurance

Health insurance is one of the top benefits that people receive from their employers. Health insurance covers people in the case of illness. The benefits cover doctor’s visits, medication prescriptions and more. The employer usually takes a weekly or biweekly contribution from the employee, and the employee only has to pay co-pays on visits and prescriptions. Long-term care insurance provides the person with coverage when that person needs someone to care for him or her. Medical benefits usually start within 60 to 90 days after an employee starts.

Disability Insurance

Disability insurance is another one of the benefits that one may receive from an employer. Disability insurance covers the worker if he or she becomes injured or ill and cannot perform the job for some time. The insurance covers a portion of the employee’s wages. Disability benefits usually start when the medical benefits start.

Life Insurance and Accident Insurance

Life insurance is something that usually comes in a workplace benefits package, as well. Life insurance covers the employee’s family members in the case of untimely death. It provides them with the funds they need for a burial and maintaining household bills when the main breadwinner dies. Accident insurance is for auto accidents and other unexpected occurrences.

Dental Coverage and Critical Illness Insurance

Dental coverage is a benefit that many workers receive with their health packages at a discounted price. Dental coverage offers a wide range of discounted service with a small monthly premium payment. A patient can receive some services for free. Other services may have a small deductible. Critical illness insurance is a benefit that covers employees who have terminal or severe illnesses such as cancer.

Many people take jobs just for the amazing benefits they offer. Work benefits count as part of the annual income, and they can be quite helpful to a worker.