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Employers: 4 ways to supercharge your benefits portfolio

The verdict is in: Employees love benefits.

In fact, industry research indicates that an increase in available benefits is correlated with a greater number of employees who are satisfied with those benefits. A recent report showed that just 24% of people whose employer offers fewer than four benefits say they are satisfied with their benefit offerings. The percentage of satisfied employees skyrockets to 65% when their employer offers between 10 and 13 benefits.1

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Most employers understand this, but they remain concerned about the cost of sponsoring benefit programs. However, you may be surprised to learn that offering additional low-cost perks is as easy as adding them onto existing voluntary benefits that you already offer. Also, voluntary benefits are typically employee-paid, so they don't affect your bottom line.

Below are four benefits that your employees will love and can supercharge your voluntary benefits portfolio.

Dental insurance

Dental coverage has become a major focus for employees. A recent report found that dental insurance is one of the most desirable benefits, more so than paid family or medical leave, disability insurance or even flexible work arrangements.1

The rising cost of dental care means that many employees cannot even afford routine check-ups, let alone procedures like fillings, root canals, and extractions. Once they obtain access to dental insurance with a broad network, however, employees and their covered family members will have the freedom to undergo important dental work that they may have otherwise avoided due to the cost.

Vision insurance

An aging American population means more age-related vision issues. Cases of eye diseases like cataracts, glaucoma and macular degeneration are expected to double by 2050.2 The increased usage of smart devices and e-readers contributes to the rising level of eye strain, making proactive eye care more important than ever before.

By adding vision coverage to your benefits portfolio, you can help your employees and their covered family members stay on top of their eye health by scheduling regular eye exams and staying ahead of any potential vision problems.

Identity protection services

It is nearly impossible to prevent all online threats, but identity theft protection can help your employees monitor the status of their identity online and protect their personal and financial information if they ever fall victim to fraud.

Not only does this benefit help to protect employees and their families, but it can also benefit employers. Most businesses are required to digitally store extensive employee data, making them vulnerable to cybercriminals. By adding identity protection services to your company's benefits list, you are helping to protect your employees' information—and, by extension, your business overall.

Legal protection services

It is easy to underestimate how many situations require legal services, such as estate planning or real estate transactions. Most of us are not legal experts, which makes it risky to try to navigate the legal system without the help of a trusted advisor.

If you or someone you know has ever dealt with a serious legal issue, you know how stressful it can be. Perhaps the biggest advantage of having legal protection for any employee is the peace of mind it can provide.

If you have younger employees on your workforce, you may want to consider offering identity protection and legal protection, both of which are especially popular benefits with Gen Z workers.1

Coverage from Allstate Benefits

When paired with group coverage like Critical Illness Insurance or Accident Insurance from Allstate Benefits, these four affordable products enhance your portfolio for your current workforce and help your company appeal to a wider range of potential candidates.

Visit the following links to learn more about dental insurance, vision insurance, identity protection services and legal protection services. To contact your Allstate Benefits sales representative, click here.

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