Voluntary Employee Benefits

Voluntary employee benefits are programs employees get at work, but pay for themselves through payroll deduction. Voluntary employee benefit programs are of great value to growing families as articulated throughout our site. There is no direct cost to your employer to make these benefits available to you.

Voluntary employee benefits typically take the form of supplemental health insurance that fills gaps in your health insurance coverage, flexible spending accounts which reduce the taxes you pay, and benefits administration services which makes life easier for your employer. Voluntary employee benefits programs may help your employer in a variety of ways.

Value of Voluntary Benefits to Employers

Expand Employee Options

Employers can expand employee health benefits without adding to direct costs. Employees gain the advantage of greater choice and flexibility in their benefit plan design.

Cut Group Health Rates

Group health premium rates are determined in part by the policy features: the size of deductibles, co-insurance, and co-pays. Voluntary employee benefits can help businesses control costs while protecting employees from unplanned medical expenses.

Cut Workers Compensation Rates

Workers compensation insurance rates are determined in part by the number and size of claims. Workers with inadequate health insurance coverage are more likely to file a work related claim. Supplemental insurance can help businesses reduce Monday morning claims and lower workers compensation costs.

Ease Administration

Voluntary employee benefits providers often help with with administration. They provide state-of-the-art enrollment software systems combined with trained benefits counselors to educate employees about benefit options, enroll them in plan choices, etc.

Interrelated

Voluntary Employee Benefits

Value of Voluntary Benefits to Employers