As health care costs continue to increase, it is difficult for employers to provide their employees with a complete benefit package. To offset costs, employers can make available voluntary benefits.

What are voluntary benefits?

These are supplemental insurance plans that some employees will desire — without additional cost to the company. Employees benefit because they get variety of insurance options, often with lower premiums than individual policies.

These elective benefits have four characteristics:

  • 100 percent employee-paid
  • Offered through an employer
  • Solicited and enrolled through a carrier or enrollment firm
  • Paid through automatic payroll deductions

Why should an employer offer voluntary benefits?

Because of their cost efficiency and portability, as well as their contribution to an employee’s work/life balance, voluntary benefits are becoming an essential part of many companies’ benefit offerings.

What are some examples?

Supplemental group insurance examples include:

  • Permanent life insurance
  • Disability income insurance
  • Accidental death and dismemberment (AD&D)
  • Supplemental health insurance
  • Long–term care insurance
  • Retiree medical insurance
  • Dental/vision insurance
  • Auto/homeowners’ insurance
  • Prepaid legal services

Join our growing list of satisfied clients

Simply call us at (732) 747-0411, or send us an email using the contact form on this page. We’ll gladly tell you about supplemental group insurance options that may be right for your business.