Spousal benefits are an important part of an employee’s benefits package. If you’re married or have children, knowing that they are secure can make a job more appealing.
A Quick Look at What Employers Must Offer
Before discussing the voluntary options, it’s helpful to know what employers must offer. Health plans that qualify under the Affordable Care Act (ACA) require that businesses cover dependent children until they turn 26 in order to avoid a fine. However, the ACA does not require that spouses be covered, too — that’s up to your employer. But even when companies don’t cover spouses, they may still offer other benefits that can help such as dental insurance and home insurance.
Voluntary Health Benefits
Many voluntary health benefits might also cover your family, depending on the terms. These may include:
- Short-term disability: This covers lost wages if you’re temporarily disabled.
- Accident, hospital and critical illness insurance: If an illness or accident leaves you unable to work, you’ll typically be paid a lump sum for each day. In many cases, you can purchase a family package that covers your spouse and dependents.
- Dental and vision insurance: These sometimes cover your spouse, but often require a separate plan. ACA-qualified plans must offer dental coverage for children.
Life Insurance Spousal Benefits
Your family might also qualify for life insurance offered by your employer. Some companies offer group life insurance as additional coverage for their employees. You may need to buy a separate plan for your spouse and dependents. It’s often a good idea to get life insurance early for your children, as you can lock in a low rate.
Other Benefits
Here are some other benefits you may have access to.
- Pet insurance: Vet bills can add up fast. Pet insurance is usually low-cost and covers a multitude of pet health bills. Typically, the insurance can be used by any household member. For example, your spouse could use the insurance to take your pet to the vet while you’re at work.
- Home insurance: This insurance can cover your spouse’s possessions. It’s a good idea to jump on this right away. If a fire or flood severely damages your home, you’ll wish you had it.
- Employee Assistance Program (EAP): Your family likely has access to the LifeCare Work-Life EAP, which offers services to help deal with issues you may face in your personal lives. From caregiver support to help quitting smoking, the Work-Life EAP has tools that can improve overall wellness.
It’s essential that you check with your employer to fully understand the options available to you and your family. Figuring out the right benefits for your situation will add peace of mind to your life.