| Do you know what the different types of | | | | provide benefits for the long term. |
| employee benefits are? As an employee it is | | | | 4. Retirement benefits - It is important to make |
| essential that you understand the different types | | | | sure that retirement benefits are available to you |
| so you can be sure that you are receiving the | | | | because everyone needs to put money aside for |
| benefits that you should be. First you need to | | | | when you do get to retirement age. |
| understand what benefits are. They are basically | | | | 5. Paid time off - Everyone needs paid time off at |
| the perks that you are offered in addition to your | | | | some point. Most times you have to earn time |
| salary when you hire into a company. Now, here | | | | off if you want vacation time. Other types of |
| are the different types of important benefits that | | | | paid time off include holidays and sick leave. |
| are the most common for you to be aware of. | | | | 6. Fringe benefits - These are non-cash payments |
| 1. Medical insurance - This will cover the cost of | | | | that are used in different companies and may not |
| the physician or surgeon fees, hospital rooms, and | | | | always be added to the benefit plan. You will need |
| prescription medications. Sometimes, dental and | | | | to check the plan to be sure or ask about them. |
| optical are also covered. There are times that | | | | Some fringe benefits can include: |
| your family can also be included on this insurance. | | | | - Tuition assistance |
| 2. Life insurance - This is essential for protecting | | | | - Flexible medical |
| your family in case you should die. The benefits | | | | - Child care spending accounts |
| will be paid to your family all at once to the | | | | - Other child-care benefits |
| designated beneficiaries of the policy. | | | | Now that you know what the different types of |
| 3. Disability insurance - This will protect your family | | | | employee benefit plans are you can as the right |
| from financial ruin if you are injured in an accident | | | | questions of a potential employer. Always be sure |
| or have an illness. This benefit is not always | | | | that you clearly understand what benefits a |
| offered by employers. | | | | company offers as this factors strongly into |
| There are two main types of this insurance: Short | | | | making the decision of who to work for and is a |
| term, which covers you for a few weeks or a | | | | big part of the overall package which includes |
| shorter period of time, and long term that will | | | | wages. |