Manufacturing Today Issue - 221 February 2024 | Page 32

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In a tight labor market like the one the US is experiencing right now ; benefits packages are essential to attracting and retaining employees
doing legwork like gathering quotes from providers . The navigator eliminates the need for employees to make calls to insurers and providers during the workday and also takes the pressure off a company ’ s human resources department , which is often asked healthcare questions that are outside its scope of duty or expertise . The result is an employee who feels confident and supported and an HR department that can focus on other critical tasks .
Another way a healthcare navigator can help an employee avoid debt is by opening the door to financial assistance programs . Every nonprofit hospital in the US is required to offer financial assistance – but not many people who qualify for these programs know they exist , or that they are available to middle-income workers like many in the manufacturing industry .
The programs are intended to provide discounted , or even free care to eligible patients . In some locations patients with incomes as high as 400 percent of the federal poverty line may qualify for assistance . What does that mean in real numbers ? A family of 4 with an annual income of $ 120,000 may be able to get help .
Someone in the employee ’ s corner In a tight labor market like the one the US is experiencing right now ; benefits packages are essential to attracting and retaining employees . The manufacturing industry is no exception , given the multitude of options available to workers .
Providing solid benefits and the tools to use them in the most financially effective way reinforces a company ’ s commitment to the well-being of its employees . It ’ s part of creating a supportive culture that ultimately improves retention rates and enhances a
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