Voluntary benefits are insurance products that employees may choose to purchase through their companies at rates that are lower than they could get on their own. Premiums are paid from pre-tax or post-tax dollars and deducted from the employee’s paycheck, making payment simple and convenient. Voluntary benefits are also a 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.
As employers face these economic pressures to reduce costs, many fill the gap of their benefit package through voluntary benefits, which play an important role in maintaining benefit and job satisfaction.
Thanks to voluntary benefits you can fill the gap between core offerings and push back against cost shifting.
Voluntary benefits give employees a level of confidence that makes them more comfortable and makes them better able to deal with life on a day-to-day basis, giving them more time to focus on work without life’s daily stressors.
How do Voluntary Benefits fit in with everything that is happening in healthcare today?
With the rising cost of healthcare, many employers, large or small, are in one of 3 situations:
-They recently implemented a High Deductible Health Plan
-They’re going to a High Deductible Health Plan
-They would like to go to a High Deductible Health Plan but don’t know exactly how to get there
I have a program where at no cost to the employer and an optional minimal cost to the employee, you can offer your employees benefits that can help protect their out of pocket exposure. At the same time I can provide you with a no cost comprehensive benefit communication system that can help employees understand and further appreciate the benefits you offer them.
How else can you help me with Voluntary Benefits?
I help business owners with some of the challenges they’re facing in the workplace today; such as the retention of the employees and the rising cost of health care.
It is my intention to offer some risk management options for your business that can also help keep your employees happy, healthy and on the job by offering you strategies for the challenges you face.
The solutions I provide come at NO COST to the employer and at minimal cost to the employees. Many of the products I provide are products that employees cannot get on their own or can only obtain at a much higher cost.
Many of my employees are living paycheck to paycheck and cannot afford anything extra. So how much do they cost?
Everyone’s needs are different and my solutions are completely customizable. I pride myself on Benefit Communication. That means I explain to each employee what coverage they have and where they have gaps. This is a big benefit to employers because there are no surprises by your employees when something happens. I will tell you that in most cases, I recommend that employees do not spend more than 1 hour of each weeks pay toward voluntary benefits. Many times employees can satisfy their needs for just a few dollars a week.
Ok, I want to know more about voluntary benefits, what do I do now?
Click on Contact Me so we can schedule a 15 minute information appointment. I can assure you that it will be good use of your time.