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Companies increasingly understand that the labor market is tight, making it a challenge to fill job vacancies. For example, the most recent unemployment rate in Oklahoma is only 3.4%.
To attract workers, companies need to offer competitive wages, and even this is not always enough. Companies must also provide attractive benefits packages to their workers, including perks like pre-paid vision plans with negotiated savings to improve eye care in OKC and nationwide.
During the most recent two years, approximately 90% of employers have decided to up their benefits offerings in one or more areas. However, these benefit programs sometimes are prohibitively pricey for small- and medium-sized firms operating with narrow profit margins.
The good news is there are options for these small employers and their teams. They do not have to be priced out of the benefits market, and the Vision Care Direct Team can point you in this direction.
#1 Vision Plans with Low Premiums May Not Be The Best Value
At Vision Care Direct of Oklahoma, we understand that cost is an essential driver of businesses’ decisions, and we help you work within these parameters. However, when choosing a plan, it’s important to consider the overall price, not just monthly premiums. While a low monthly premium seems great, they often require the patient to pay more for each visit or for the products they buy as a trade-off.
A skilled broker can help employers find a balance between monthly and future out of pocket, to find the plan that will give them the best overall value. For example, with our pre-paid vision plans, employees can purchase no-line progressive lenses for only $20.
#2 Work With A Smaller Broker
Consider working with a broker if you’re looking for a vision plan that fits your employee’s needs. First, brokers are often able to find more attractive pricing than you would get on your own. Second, brokers offer tangible support if something goes wrong for you or your employees.
However, not all brokers are created equal. Therefore, we strongly recommend working with small brokers. These brokers likely are part of your local community, and they share and understand your values. These small brokerages are also very customer-service oriented and are more likely to pick up their phone if you need their assistance.
#3 Leverage Data To Choose a Plan for Eye Care in OKC and Nationwide
Not all vision benefits packages are the same. Their price points may differ markedly, and the services that are covered also vary. This means that employers, with the help of their brokers, need to carefully weigh the pluses and benefits of each offer. As a small business owner, you need to ensure that you’re talking to employees about what they really want while also collecting and analyzing different data points.
Consider that 90% of firms aim to increase at least one benefit this year to better attract and retain talent. Therefore, it’s critical to know and meet your employees’ needs now more than ever. In addition, you want to use the data to select the package that offers the best return on investment.
Reach out to Vision Care Direct for More Information
As you plan what benefits you will offer in 2023 and beyond, reach out to the highly qualified team at Vision Care Direct of Oklahoma. We’ll be able to share the different options available to you and your employees. We use our 14 years of experience serving small team companies to ensure you get the right vision care benefits package.