Making voluntary benefits part of your clients' programs helps them control costs while providing more employee choice and better coverage.
Paid directly to the employee, they can be used for things other insurance won't cover, such as lost wages, out-of-pocket expenses and household bills.
Types of policies include:
Accident insurance
Cancer and critical illness insurance
Dental insurance
Disability insurance
Hospital confinement indemnity insurance
Life insurance
Advantages to employees:
Flexibility
Policyholders choose how to use payments: for deductibles, co-payments and other expenses.
Portability
Employees can take coverage with them even if they change jobs or retire.
Stability
Coverage continues regardless of employment.
Convenience
Premiums can be paid via payroll deduction, bank draft or direct billing.
Advantages to employers:
Aid employee cost-sharing
Employee-paid voluntary benefits can help offset the out-of-pocket expenses from medical plans.
Confirm eligible dependents
Annual reviews can help verify which dependents are actually eligible for health care plans.
Boost tax savings
Employee education increases Section 125 plan participation, which provides greater tax savings to employers.
Promote employee wellness
Employee awareness can help increase participation in wellness programs, for better returns on wellness investments.
Decrease enrollment expenses
Our turn-key solutions reduce or eliminate material, manpower and IT costs associated with enrollment.
