Supplemental Preventive Care (SPC) Plans: Driving Employee Engagement and Retention
- Javier Alvarez
- Feb 7, 2024
- 3 min read
Updated: Feb 6
The workplace isn’t what it used to be. A seismic shift in employee expectations has created a new reality: businesses must rethink how they attract, retain, and engage top talent.
One solution stands out—Supplemental Preventive Care (SPC) Plans. Designed to meet the evolving demands of today’s workforce, these plans combine practical savings for employers with tangible benefits for employees. Let’s dive into why SPC Plans have become a game-changer in employee engagement and retention.
Why Benefits Matter More Than Ever
Employees today aren’t just looking for a paycheck. They’re prioritizing workplaces that support their overall well-being, and benefits packages are a significant part of that equation. While traditional health insurance might cover the basics, it’s no longer enough to set a company apart. Employees crave flexibility, preventive care, and mental health support—all areas where SPC Plans excel.
Consider this: In 2024, over a third of employees reported being actively on the lookout for new opportunities. That means businesses failing to offer competitive benefits risk losing top talent to organizations with more progressive offerings.
How SPC Plans Revolutionize Employee Engagement
SPC Plans take engagement to the next level with features that resonate with today’s workforce:
Comprehensive Wellness: From telehealth consultations to free DNA and biometric screenings, these plans empower employees to take control of their health proactively.
Mental Health Focus: Resilience-building programs, virtual therapy, and stress management tools help create a supportive environment where employees thrive.
Financial Security: With pre-tax savings and limited out-of-pocket healthcare costs, employees enjoy an immediate boost to their take-home pay.
Employees who feel valued are more productive, less likely to call out sick, and far more likely to stick around—it’s that simple.
Retention: The Hidden ROI of SPC Plans
Retention isn’t just about keeping seats filled; it’s about cultivating a workforce that’s motivated and aligned with your company’s mission.
Here’s how SPC Plans help:
Lower Turnover: By addressing physical, mental, and financial wellness, these plans remove some of the most common stressors that lead to job dissatisfaction.
Boosted Loyalty: Employees who see their employer investing in their well-being are far less likely to look elsewhere for work.
Sustainable Productivity: A healthier workforce means fewer sick days and greater output—all while creating a culture of care.
The Bigger Picture
Workplace stress and burnout have been on the rise, with studies showing that a staggering 77% of employees experienced burnout at some point last year. Organizations that prioritize preventive care and wellness send a clear message: “We care about more than just the bottom line—we care about you.”
SPC Plans deliver measurable results. Companies experience lower payroll taxes, reduced medical claims, and higher employee satisfaction, creating a ripple effect of positive outcomes.
Ready to Transform Your Workforce?
Investing in SPC Plans isn’t just smart business—it’s a strategic advantage. By addressing the holistic needs of your employees, you’re not only improving their lives but also strengthening the foundation of your organization. That’s what we call a win-win.
Explore the potential of SPC Plans today. Your employees—and your bottom line—will thank you.
About SilverPoint Strategies
SilverPoint Strategies specializes in SUPPLEMENTAL PREVENTATIVE CARE (SPC) Plans. These plans are built on IRS Section 125 and paired with a best-fit provider to unlock significant payroll tax savings. Employers save an average of $561 per qualified employee annually, with savings realized as early as your next payroll cycle. Additionally, SPC Plans reduce claims on your existing primary medical plan, which can lower renewal costs and deliver even greater long-term savings.
As an independent consultant, SilverPoint Strategies serves as your single point of contact, working solely in your best interest to align you with the most impactful and value-driven solutions. By continuously monitoring the market, we ensure access to the latest innovations and provide seamless guidance through every step of the process. With a commitment to white-glove service and meticulous attention to detail, we help maximize ROI, enhance employee benefits, and foster healthier, more engaged workplaces. Contact us today for a free no-obligation consultation.