Attract and Retain the Best Employees with the Right Insurance Packages

Attract and Retain the Best Employees with the Right Insurance Packages

Millennials dominate the workforce right now, and for good reason. According to recent statistics, there are approximately 83.1 million Millennials in the U.S., and these individuals were born between 1982 and 2000. This means that many of the most highly sought-after job candidates in the workforce right now are members of this large and highly influential generation. So, what are Millennials looking for when choosing their perfect companies? Studies indicate that they want flexibility, competitive salaries, and insurance packages that are tailored to their unique needs.

The Top 3 Healthcare Benefits for Millennials Seeking Employment

A recent article from Forbes proves that what most Millennials want out of their healthcare plans isn’t a mystery. In fact, most young adults are very vocal about their needs when it comes to insurance packages offered by potential employers. Ideally, they would choose companies that willingly offer the following benefits:

1) Mental Healthcare

It is true that, for many Millennials, making the transition from college life into their chosen careers involves financial and emotional struggles. Often referred to as the “Boomerang Generation,” a lot of Millennials move back in with their parents to save money and figure everything out before finally setting out on their own. In defense of Millennials, it is probably for the best that they recognize the need for counseling and mental health care while transitioning themselves fully into their professional lives. And it is this awareness that prompts Millennial job applicants to favor employers that offer mental healthcare in their insurance packages.

2) Health Savings Accounts (HSAs)

As younger adults, most Millennials are relatively healthy right now, so they don’t need a lot of healthcare services. However, they understand that they may need more medical attention in the future. With Health Saving Accounts (HSAs), Millennials can put money away (often tax-free) for future healthcare needs. This option falls perfectly in line with the flexibility that most members of the Millennial generation crave when deciding between jobs and potential employers.

3) Family Benefits

Even if they don’t have families yet, many Millennials know that they will have spouses and children in the near (or at least not-too-distant) future. Therefore, it is important for employers to offer competitive family benefits packages if they want to attract and retain the best employees. In addition, these family insurance packages should include dental and vision options, as well as maternity and paternity benefits.

Get the Best Insurance Packages for Your Ideal Job Candidates from Plan IV

Plan IV offers a wide range of insurance packages for your Millennial, Generation-X, and Baby Boomer employees. With plans to suit all types of needs, Plan IV is also your go-to source for term health insurance, Medicare supplement plans, the best short-term health insurance, life insurance, and disability insurance Michigan. Just give us a call at (248) 689-4910 or reach out to us through the contact form on our website. You can also stop by our office in Troy, MI. We are conveniently located at 575 E. Big Beaver, Suite 290, and we’re open and ready to discuss your insurance needs from 9am until 5pm, Monday through Friday.