Employee Paid Voluntary Benefits

The following is a list of the advantageous of voluntary benefits:

• Voluntary benefits allow flexibility for employees to decide how to spend their discretionary income on additional products and services that fit their needs.
• There is greater interest in worksite benefits by both employers and employees. Voluntary benefits offer a wide selection of different products that fit the need of the employees.
• Employers are looking for ways to shift costs to employees and voluntary benefits provide a viable solution for doing so.
• Competition for the best employees is tight, and good benefits are key in recruiting and retention. Comprehensive voluntary benefits are appreciated by employees.
• A wide array of voluntary benefits gives employees more control and more choice.
• Employees see advertising for certain benefits, get curious and inquire about whether these benefits can be offered on a voluntary basis.
• Voluntary benefits improve employee morale.
• Employees can receive tax benefits from voluntary benefits.
• Voluntary benefits can be offered with no additional employer costs
• Voluntary benefits provide employees with an easy payment method through payroll deduction.
• Voluntary benefits have lower costs and/or better options by being offered through the employer.
• Voluntary benefits offer accessibility and convenience to employees, rather than having them shop around on their own.
• Typical Voluntary Product Lines:
• Life
• Accident
• Cancer
• Disability
• Dental
• Critical Illness
• Hospital Confinement
• Medical Gap & Mini Meds