Employee health insurance is one of the most common components of an employee benefits plan. This coverage helps employees pay for medical expenses such as hospital stays, preventative care, prescriptions and surgeries. Some employee benefit plans also include dental and vision coverage, which helps employees pay for routine dental and eye exams.
Employee benefit plans may include life insurance coverage. This provides financial protection to the employees beneficiaries in the event of their death.
This provides income replacement in the event an employee can no longer work due to a disability.
Employer sponsored retirement plans such as 401k or pension plans are common components of benefit packages. This allows employees to save for retirement often with the employer matching or contributing.