5 Coverages One Should Expect from Their Employer

Most employees offer additional benefits along with compensation. These non-wage compensatory benefits are usually available for full-time employees. However, the compensatory rules may vary from one employer to another. Insurances are the most common benefits offered by most employers.

Learn about the top 5 employee coverages you should expect from your employer.

5 Coverages to Expect from Your Employer

1. Group Health Insurance

This basic workplace benefit provides access to essential medical services, preventive care, treatments, procedures and drugs and promotes the health and well-being of employees.

Group health insurance plans offer comprehensive health coverage to members of an organisation or company’s employees, often including supplemental plans for dental, vision, and pharmacy needs.

By spreading the risk across the insured population, insurers can offer affordable premiums while ensuring that members are protected against unexpected medical expenses.

Also read: 6 Lesser-Known Facts on Health Insurance Feature to Know

2. Retirement Plan

Employers often offer retirement plans with matching programs as part of their benefits package. These plans allow you to contribute a percentage of your paycheck that your employer can match, helping you build retirement savings faster.

You retain ownership of your retirement accounts even if you change jobs. Retirement means leaving work permanently, and a steady income after retirement can motivate employees to perform at their best at work.

3. Paid Vacation and Sick Leaves

Employees are motivated to work harder when they are offered paid time off to meet goals. Paid time off, including sick and vacation, supports employee well-being and commitment to work.

Sick leave ensures you can rest when you’re unwell without financial worries, while vacation provides opportunities to rejuvenate and balance work and personal life.

Employers often provide a set number of hours of paid vacation each year, allowing you to take time off for personal activities.

4. Group Term Life Insurance

Group term life insurance is coverage provided to a group of individuals, usually offered as part of employee benefits. It provides financial support to the employee’s family in the event of their death and provides a financial guarantee for the authorised person.

This type of insurance is commonly included in employer benefits packages and is also offered by fraternal organisations to their members.

Also read: Term Life Insurance: Things One Should Not Miss

5. Educational Assistance

An educational assistance plan can help you finance a new degree while working, enable career progression and provide your employer with valuable skills.

Companies often cover a portion of tuition through grants and scholarships, as seen in programs offered by Home Depot and Starbucks. This not only brings tax benefits but also promotes employee loyalty and engagement.

To alleviate concerns about employees leaving after completing their education, some businesses may require them to stay with the company for a certain period after graduation.

Also read: What Are Types of Insurances?

How Can Employee Coverages Benefit the Employers?

Offering essential employee coverages can benefit an employer significantly as well. Here are some of them discussed below:


When you offer group insurance to your team, you’re not just providing a competitive salary; you show that you value their well-being. Comprehensive coverage, including health, dental and vision plans, not only attracts but also retains top talent.

By investing in the health of your employees, you demonstrate a long-term commitment. While this may seem like an extra expense, it saves money in the long run by promoting preventative care and reducing serious health problems.

In addition, it reduces turnover costs and saves you from recruiting and training expenses.


Offering insurance to your employees increases productivity. Access to health and wellness services keeps them healthy, reduces sickness and increases productivity.

Investing in employee well-being improves company performance. Mental health insurance allows employees to manage stress and anxiety and improves work performance and well-being.


A group insurance offer can set you apart in the job market. Prospective employees compare benefits packages, making comprehensive coverage a competitive advantage.

It strengthens your reputation as an employer of choice, attracts more qualified applicants and fosters a diverse, talented workforce, which supports your company’s growth.

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