Tel:(631) 293.5100 E-mail: mailto:info@dblcenter.com

The DBL Center - Insurance Wholesaler

Niche Insurance Specialist. Your Insurance Wholesaler since 1976

T (631) 293 51 00
Email: Info@dblcenter.com

Niche Insurance Specialist.
155 Pinelawn Road Suite 120S Melville, NY 11747

  • About
    • Our Team
      • David J. Cohen
      • Michael S. Cohen
      • Larry Estridge
      • Lisa Indelli
      • Selena Kutschera
      • Eugene Puleo
      • Annette M. Sperandio
      • Melissa Bilka
      • Bill Quinn
      • Brian Dewey
      • Lori S. Rose
      • Sonja Spruiel
      • Louis Ortiz
    • Why Choose Us
    • DBL Center History
    • In the News
    • Testimonials
  • Disability Insurance
    • Enriched DBL
    • NY State DBL
    • NJ TDB
    • TDI (Hawaii)
  • Ancillary Group Benefits
    • Group Life Insurance / AD&D Coverage
    • Long Term Disability Insurance
    • Dental Benefits
    • Vision Coverage
    • Voluntary Worksite Benefits
      • Life Insurance
      • Disability Income
      • Critical Illness Insurance
      • Accident Insurance
  • Paid Family Leave
    • NY Paid Family Leave
    • Connecticut Paid Family Leave
    • Colorado Paid Family Leave
    • MA Paid Family Medical Leave
    • Paid Leave Oregon: PFMLI
  • Bind DBL / PFL
  • Blog
  • Contact
GETRATES
HERE
  • Home
  • Blog Page
  • Ancillary Benefits
  • How Ancillary Benefits Can Reduce Stress to Improve Employee Productivity
March 23, 2023
Dawn Allcot
Sunday, 07 April 2019 / Published in Ancillary Benefits, Dental Insurance, Vision Coverage

How Ancillary Benefits Can Reduce Stress to Improve Employee Productivity

Financial stress affects every aspect of an employees’ life, including their work performance. When employees feel as if they aren’t prepared if illness or injury strikes, their health, and workplace productivity suffers. Employees spend an average of 13 hours per month worrying about money while they’re at work, according to a study by Mercer.

In a recent survey, finance website Bankrate discovered that 60% of Americans don’t have enough cash to cover a $1,000 surprise expense. But even middle managers and top talent in the New York Tri-state are not immune to the fear of bankruptcy or a personal financial crisis should an illness or injury occur.

Insurance brokers are uniquely equipped to solve this pain point for business owners, HR departments, and employees. At the same time, successfully conveying the advantages of a robust benefits package to your customers can help you expand your book of business and increase commissions with existing customers.

A robust ancillary benefits package can help eliminate financial stress for employees, which, in turn, can improve their productivity, reduce sick days, and enhance their creativity and problem-solving abilities.

Ultimately, the right benefits can help create better employees.

The Link Between Employee Health and a Good Benefits Package

Finances, health, and work performance are intrinsically linked. Enriched DBL, along with ancillary benefits, can give New York workers peace-of-mind, knowing they have a safety net in place if they become ill, injured, or even need expensive emergency dental care.

New York State did the right thing for families with a PFL policy that is, currently, the best in the nation. Now it’s in the best interests of business owners to enhance their other benefits packages to make sure all employees have access to the resources they need to help them stay productive as well.

The Right Benefits Package Retains Top Performers

A robust ancillary benefits package, including vision, and dental benefits, can help recruit and retain employees while reducing overall living costs for employees to reduce their financial stress. It can also reduce an employer’s bottom line as an investment in ancillary benefits as part of a package that includes enriched DBL often costs less than employees’ raises.

In fact, many ancillary benefits are voluntary and employee-funded and employers can choose to have employees cover part or all of the premium. Employees have the option to dramatically reduce their out-of-pocket costs on necessary expenses using pre-tax dollars, and employers pay nothing.

For brokers, this makes ancillary benefits an easy sell. And, with DBL Center as your back office staff, benefits administration is easy, too.

What benefits should your customers include in their ancillary benefits packages?

Dental and vision are a good start, offering tremendous bang for the buck for most employees.

The Case for Dental and Vision Coverage

As you create an ancillary benefits package for your customers, consider these statistics about eye care in the U.S.:

    Approximately 75% of all adults in the U.S. wear glasses or contact lenses to correct vision problems, according to the Vision Council of America
    Eye exams cost an average of $114
    Prescription eyeglasses cost an average of $196
    Contact lenses cost wearers an average of $220 to $260 annually

If more than one person in the family needs vision correction and the costs add up. Yet only 35% of employers offer vision coverage. It’s easy to see how your customers can stand out by offering voluntary vision benefits.

Similarly, the average family of four could spend $2,162 on dental care per year without insurance. Nearly 60% of Americans don’t visit the dentist often enough due to the cost, according to some sources.

However, 77% of Americans do have dental coverage, with 90% of those plans offered by employers. It’s important to offer dental coverage to keep pace with your competitors and retain talent.

Insurance Brokers Can Help Create Happy, Healthy, Engaged Employees

Especially as healthcare costs continue to rise, ancillary benefits can play an important role in reducing out-of-pocket costs for employees and employers, alike. And reducing employees’ financial stress can help businesses perform better, with more active and engaged workers.

Brokers should speak to HR directors about developing a robust benefits package that can help keep employees happy, healthy, and engaged.

Connect with us!

[contact-form-7 id=”45878″ title=”Contact form 1″]

Tagged under: ancillary benefits, dental insurance, Vision coverage

What you can read next

Dental Insurance - The best dental coverage for your customers
Dental Insurance – How to Choose the Best Dental Benefits For Your Customers
Individual Life Insurance and Carve-Outs for Disability Can Help Your Clients Retain Top Execs
DBL insurance opens doors to sell home, auto and umbrella policies.
3 Ways DBL Insurance Opens Doors for P&C Brokers
Image
Image
Image
Image

From Our Blog

  • Ancillary Benefits
  • Broker Dashboard
  • Broker Spotlight
  • Business
  • Colorado FAMLI
  • Coronavirus Pandemic
  • CT Paid Family Medical Leave
  • Culture
  • Dental Insurance
  • Disability Coverage
  • Enriched DBL
  • Hawaii TDI
  • Healthcare
  • In the News
  • Insurance
  • Life Insurance
  • long-Term Care insurance
  • Maryland PFML
  • Massachusetts PFMLA
  • News
  • NJ TDB
  • NYS DBL
  • On the Mic with Mike
  • Paid Family Leave
  • Rep Roundtable
  • Technology
  • Vision Coverage
  • Voluntary Worksite Benefits

The Benefits

Learn how DBL Center white glove service can help brokers like you expand your book of business with new clients

LEARN MORE

How it works

Select your carrier, Fill out the forms, Get approved It's that simple! White glove service you & your clients deserve.

LEARN MORE

Bind DBL / PFL

Link your agency today, contact our seamless dedicated support team for additional help or any quotations you may have.

GET STARTED

The D.B.L. Center LTD.
Niche Insurance Specialist
Industry experience since 1976
155 Pinelawn Road
Suite 120S
Melville, NY 11747

Ancillary Benefits
  • Ancillary Group Benefits
  • Group Life Insurance / AD&D Coverage
  • Long Term Disability Insurance
  • Vision Coverage
  • Dental Benefits
Paid Family Leave
  • New York
  • Connecticut
  • Colorado
  • Massachusetts
  • Oregon
Disability Insurance
  • Enriched DBL
  • NY State DBL
  • TDB (NJ)
  • TDI (Hawaii)
Helpful Links
  • Contact Us
  • Blog
  • In the News
  • PFL Calculator – 2023 Rates
  • About The DBL Center Ltd.
  • Our Team
  • Why Choose Us
  • DBL Center History
  • In the News
  • Testimonials
  • Sitemap
  • Privacy Policy
  • Legal

Insurancewholesaler.com All rights reserved 2023. Designed & Developed By Slidesigma.com

TOP