Best Practices FAQs

What benefits should a small business offer?

A small business should assess what it can afford. Corporate Care gives you lots of flexibility to create a plan that fits within your budget. Corporate Care has worked with small business owners for 20 years now. We know you face up and down years. You, as the business owner, remain in full control of the costs. If you need to scale back one year or take a pause, arrangements can be made to accommodate this. On the opposite end of the scale, increasing health spending accounts for employees is also a nice way to bonus employees.

What benefits do employees value most?

Employees are most satisfied when the expenses that are particular to their families, are the ones that they get reimbursed for. Corporate Care allows your employee to spend their benefit dollars on exactly the medical costs incurred by the employee. If they are a young family, and only have to worry about some dental costs, their dollars can 100% go towards dental costs. If someone has specialty medication, the benefit dollars can go 100% to that. The employee is in full control of how to steer their benefit dollars. We have found that employees really enjoy that flexibility.

Most employees as looking to cover family medical necessities.  Prescription drugs, eyeglasses, dental care are common necessities.

What percentage of an employee's salary should be benefits?

Corporate Care is a cost-effective benefits plan that allows the business owner funds to extend other types of benefits to the employee such as: disability insurance and retirement savings. Typically a benefit package is about 30% of an employee’s salary. Corporate Care plans can be designed to take up a bigger or smaller part of that pie.