What are benefits? Benefits are any perks offered to employees in addition to salary.
Employee benefits example include:
1. Health insurance
2. Life insurance
3. Retirement benefits
4. Healthcare spending
5. Long term disability Insurance
Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
Almost all large firms offer a health insurance plan and even though they face greater barriers to providing coverage, so do the majority of every small firms.
Health insurance is important in a workplace because it has been demonstrated that health initiatives can help reduce sick leave, absenteeism by 27% and healthcare costs for companies by 26%. .