Barter Exchanges Allow People to Make Trades for Health-related Services
Small-business owner Jim Owens is able to cover the cost of orthodontics for his employees and their families.
It’s quite a perk in an age of shrinking and disappearing benefits for many workers.
Owens does it with the help of a bartering exchange, an age-old business practice of trading services and goods that more employers are using for medical services such as dental and vision care.
“I think the biggest thing is it helps with employee morale,” said Owens, owner of Call Processing Professionals, a Robinson company that sells business phone systems.
Employees’ out-of-pocket costs associated with dental and vision plans are growing, and most plans don’t cover braces for a child’s teeth, which can cost thousands of dollars. Bartering with orthodontists gives Owens and other business owners in Western Pennsylvania a less expensive way to provide benefits.
“That obviously makes for a very happy employee when you can provide that,” Owens said.
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