You’re a dentist but you’re also a business owner – both are a significant undertaking. One of the biggest things you must do is take care of your dental team. Without your team, you don’t have the support, the camaraderie, and the help to successfully treat patients. By delivering excellent benefits to your crew, you can increase profitability, minimize problems, and maintain a successful dental practice.
Health insurance is essential for your small business. With this benefit you take care of your employees but, for those who choose it, their families too. When you work with your DSO, you have the good fortune of really getting a behind-the-scenes look at what it means to belong to one health plan or another.
You can select the most basic benefits or you can offer employees – veterans and new recruits – all the bells and whistles, including a flexible spending account (FSA), health savings account (HSA), and even gym memberships. Vision insurance benefits can be included – annual exams at the very least and discounts toward routine new glasses or contact lenses.
Dental employees know, above all, how important it is to take care of their teeth and gums. Some of them may want to use your practice for their oral health care, others may feel more comfortable going to a different practice. Either way, dental insurance benefits can be offered as a standalone resource or combined with other health benefits. Your DSO helps lay out the best plans with the most attractive co-pays and maximum benefits.
Whether an employee has been with you for decades or just a few years, once they’re ready to retire they’ll be indebted to you for helpful retirement plans. These can include 401(k) retirement plans, solo 401(k) plans, and Savings Incentive Match Plan for Employees (SIMPLE IRA). As employees move out of the workforce and into a more leisurely way of life, they want to feel that they and their family are taken care of – a DSO helps you weigh the options to deliver the best to your people.
Remember that offering your employees excellent benefits doesn’t always involve money. One of the biggest benefits you can provide for your dental team is curating an environment where time and resources are maximized, allowing for more days off, longer lunches, or early quitting times when the opportunity arises.
Time – it’s a huge benefit, and your dental team will be indebted to you for understanding your unique needs for time especially if they have young children, busy teens, aging parents, health complications, or are simply trying to successfully manage work-life-play.
Excellent compensation includes great benefits. If you don’t know where to start for your dental practice and need advice about the offering you plan to provide, rely on Independence Dental, your DSO and expert in all things dental.
Simplify your day-to-day responsibilities, boost your hiring packages, and let your team know that you’re on their side with incredible benefits. Contact Independence Dental to discuss your needs.