What type of insurance may employers offer when you start employment?

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Study for the EverFi Financial Literacy Test. Test your knowledge with engaging flashcards and multiple choice questions, each with hints and explanations. Get exam ready!

Employers often provide health insurance as a standard benefit when you start employment. Health insurance is designed to help cover the costs of medical care, including doctor visits, hospital stays, and prescription medications, making it an essential type of insurance that supports employees' overall well-being. Offering health insurance not only helps attract potential employees but also plays a crucial role in employee retention and satisfaction.

While vision insurance is indeed beneficial and may be included in some health insurance plans, it is typically considered part of the broader category of health insurance rather than a standalone benefit offered by all employers. Travel insurance and homeowners insurance are not commonly provided by employers as part of standard employment benefits, which further emphasizes the significance of health insurance in the workplace.

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