Supplement Your Employee Benefits Package With These Low-Cost Ancillary Benefits

As a business owner, finding a benefits package that meets your employees’ needs – and your budget – can be a frustrating process (to say the least). For small-to-mid-sized businesses, affordable benefits options can be scarce, and the variety of choices offered (especially for health insurance) are often nonexistent or underwhelming. Securing ancillary benefits along with ancillary benefits management can further complicate the search. And in a job market where candidates expect high-quality benefits, attracting top talent can feel like an uphill battle.

Options for low-cost ancillary benefits

Ancillary benefits, such as dental, vision, supplemental insurance, pet insurance, gym stipends, and more can help you build a more competitive employee benefits package. And these benefits often come at little to no cost to you as an employer.

You can also bundle ancillary benefits with health insurance plans to receive discounted rates—and ease the burden of benefits administration. By partnering with a PEO like G&A – which has significant buying power – you will gain access to a wider range of affordable health and ancillary benefits.

By offering a comprehensive benefits package – with low-cost ancillary health benefits and other fringe benefit options, you can:

• Attract and retain top talent: A competitive benefits package is essential for attracting and retaining top talent in today's tight labor market.
• Improve employee satisfaction and morale: Offering benefits that meet employees' needs can boost job satisfaction and morale, leading to increased productivity and reduced turnover.
• Demonstrate your commitment to employee well-being: By providing valuable benefits, you demonstrate your commitment to your employees' health and well-being.
• Stand out from the competition: Many companies offer basic health insurance, but ancillary benefits can set you apart and make your company a more desirable employer.

How can ancillary benefits save employers money?

Ancillary benefits can help reduce overall healthcare costs and improve employee retention—both of which save your company money. Offering benefits like dental, vision, and life insurance helps keep your workforce healthy and reduces absenteeism. Providing affordable ancillary benefits can go a long way to keeping your employees happy and productive—and lowering the costs associated with turnover and recruitment. With a low-cost ancillary benefits package, small to midsize businesses gain a competitive edge for top talent without significantly increasing expenses.