Offering voluntary benefits, or sometimes called Supplemental Benefits to employees provides a great incentive for people to stay with your company. Your employees can receive more benefits – and you are not required to contribute towards the cost. You’re also helping your employees protect their health, their families and everything they’ve worked so hard to achieve. As an added bonus, offering voluntary benefits allows your employees to pay for their benefits with pre-taxed money which lowers the payroll taxes with each employee.
Voluntary Benefits – Simple and Convenient
Voluntary benefits allow employees to purchase additional insurance products at rates that are lower than if they bought them on their own. Premiums are paid from pre-tax dollars and deducted from the employee’s paycheck, making payment simple and convenient. There are many types of voluntary benefits to purchase that are not available on the open market, such as life insurance, cancer policy. Hospital Deductible insurance, otherwise known as Hospital Indemnity, is a great way to minimize the risk of having to pay for hospital issues if you have a deductible plan.
Voluntary benefits are a great way for employers to offer an added incentive to employees without having to pay extra. Everybody wins when voluntary benefits are a part of a company’s employee benefits package.
Typical Voluntary Benefits:
- Group Life Insurance
- Hospital Deductible insurance
- Dental insurance
- Critical illness insurance
- Cancer insurance
- Accident insurance
- Disability insurance
Voluntary benefits are just that…Voluntary. Call us to find out how you can support your employees, without being required to contribute.