Thanksgiving is always a time where people reflect on the good in life. Most people’s first thoughts turn towards family, food, and friendships, but it is important to not forget to be thankful for the things at work.
There are so many reasons to be thankful for at work:
- A great boss
- Coworkers that care
- Job satisfaction
- Hot coffee
- Lunch breaks
- Weekends & PTO
But there is something else to be thankful for – the health benefit plans that allow employees to take care of themselves and their families. These benefits, such as health insurance, help cover the cost of medical expenses, Health Reimbursement Arrangements (HRAs) that reimburse employees for the out-of-pocket medical expenses and health insurance premiums, and 125 Cafeteria Plans that allow employees to pay for qualified benefits tax-free which also help the business in many ways.
A healthy, productive work team is a strong asset to a business’ bottom line. The right mix of health benefits offered can help employees access quality care and have a better health outcome, which allows them to be healthier, more productive, and present at work. Having healthy employees can help any small business be more productive, in turn lowering costs associated with health care, absenteeism, and employee turnover.
Good benefits can immensely improve the quality of life. According to a Bank of America Workplace Benefits Report, the typical U.S. employee spends $7,685 on health care per year. So an attractive employee benefit package can provide huge blessings to the employer, employee, and their families.
Here at BASE® one of our Core Values is Balance. We hope you find that balance – both at and outside of work – to be thankful for this year!