Increasing wages and salaries may be one obvious solution, but experts say a less expensive strategy may be to focus on improving, or simply maintaining, the quality of group medical insurance and other health benefits, such as dental insurance and vision care insurance
, to help a business stand out at a time when other employers are skimping on benefits.
HSAs, tied to high-deductible (greater than $1,000 for single employees) health insurance plans, allow employees to stockpile funds on pre-tax basis to pay for medical expenses under the deductible or those not covered by general health insurance, such as vision care or dental treatments (but not dental or vision care insurance
Dental plans covered nearly three-tenths of the workers in men's footwear and about one-tenth in women's; and vision care insurance
plans were provided to about one-tenth of the workers in men's plants, but were not reported in visits to women's plants.
Vision care insurance
has been around for several decades, but it really began gaining currency 10-15 years ago when employers began adding it to group benefit plans or offering it as an employee-paid voluntary benefit plan.
The employers continue to pay 90 cents an hour for health, dental, and vision care insurance
and existing reserves were deemed adequate to cover any premium increases.