In today's modern workplace, companies are continuously striving to enhance their employee benefits packages. While health insurance, retirement plans, and flexible work arrangements are commonly offered perks, there's a rising trend that's catching the attention of both employers and employees alike: pet insurance.
With National Pet Day this week, now is a perfect time to reflect on the importance of your employees' furry companions. Here's why offering pet insurance could be a great choice for your business:
Enhanced Employee Satisfaction
Providing pet insurance demonstrates that an employer values their employees' well-being, which includes their emotional connection with pets. This can lead to increased job satisfaction and loyalty among employees, fostering a positive work environment.
Attraction and Retention of Talent
In a competitive job market, offering unique benefits like pet insurance can differentiate a company from its competitors. Potential hires may be more inclined to choose an employer that provides coverage for their pets, while current employees are likely to stay for the added perks.
Reduced Financial Stress
Pet medical expenses can be significant, especially in the case of unexpected illnesses or emergencies. By offering pet insurance as part of the benefits package, businesses help alleviate the financial burden on employees, allowing them to focus more on their work without worrying about their pets' healthcare costs.
Demonstrates Corporate Compassion
Providing pet insurance aligns with a company's values of compassion and empathy, showcasing a genuine concern for employees' lives beyond the workplace. This can enhance the employer brand and contribute to a positive corporate image in the eyes of both employees and customers.
Access to Pet Insurance
Often times gaining access to pet insurance can be a bit expensive and difficult to navigate. By joining SynchronyHR's employee benefits plan, your organization can get access to pet insurance and more at a bundled cost! We currently offer the below to those enrolled in our master benefits solution:
PetAssure
A veterinary discount plan that gives employees an instant 25% discount on in-house medical services at any participating veterinarian. Available to employees regardless of hours worked.
PetPlus
Offers brand name pet prescriptions (Rx) and preventatives, all available at wholesale prices for cats and dogs at 50,000+ nationwide pharmacies such as Walmart, CVS, Walgreens, and Rite-Aid. You can also access a vet specialist 24/7 via email, chat or phone. Available to employees regardless of hours worked.
MetLife Pet Insurance
Flexible coverage with up to 100% reimbursement for your pet's healthcare and freedom to visit any US licensed vet. Employees can add preventative care coverage and coverage for pre-existing conditions when switching providers. Rates are underwritten and vary.
On National Pet Day, let's celebrate the joy and companionship that our pets bring to our lives. And let's also recognize the businesses that go the extra mile by offering pet insurance to their employees, acknowledging the integral role that pets play in their well-being.
Ready to bring pet insurance to your business? Contact SynchronyHR today to learn more about our pet insurance offerings.