Employers Benefit From Expanded Options

Rising health care costs will exert significant pressure on businesses striving to maintain adequate coverage for their employees - and make medical coverage increasingly burdensome for all U.S. employees.

Voluntary employee benefits allow a business to expand benefit offerings at not direct cost - as the employees pay for the programs via payroll deduction.

Many employers are looking to consumer directed health insurance plans in an effort to contain spiraling health care costs. As companies turn to high-deductible plans, employees are left with larger gaps to fill.

• Fill gaps with supplemental health insurance
• Reduce the out-of-pocket expenses introduced by high deductible plans with flexible spending accounts.
• Lower payroll taxes with pre-tax deductions

Employers save up to 7.65% in payroll taxes on pre-tax payroll deductions. These tax savings go straight to the bottom line.

Attracting and retaining a competitive work force is important to many employers, and benefit programs are an important consideration. Employees appreciate the opportunity to have expanded benefit offerings, at group rates, with pre-tax savings on premiums, and tax savings via Flexible Spending.

We’ll help educate employees about these benefits, which can ultimately impact turnover rate.

The average turnover rate of top-performing employees is 17% at companies that offer rich benefit programs but poorly communicate them, as opposed to 12% at businesses with less comprehensive programs but better communication strategies.

Make your Voluntary Employee Benefit program easy to administer with Premium only Plan administration, Online Bill Paying, Online HR policies resource, and service you can count on: dedicated service centers, automated toll-free customer service, and more.