Benefits Package Deductions Voluntary Benefits 
WEX Inc.
AUGUST 23, 2023
Voluntary benefits give employees the opportunity to further customize their benefits package to meet their personal needs. And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings.
InterWest Insurance Services
APRIL 20, 2023
Both employers and employees have much to gain from a solid voluntary benefits program. For employers, offering a range of voluntary insurance products can help increase employee satisfaction – along with loyalty and morale – and make the business more competitive in attracting and retaining the best talent.
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InterWest Insurance Services
DECEMBER 28, 2021
The worker can use this cash benefit for any purpose, including: Deductibles. But if you have an 80-20 plan, your worker is still responsible for her deductible (averaging over $1,600), plus 20% of that cost, or over $6,000. Employees pay part or all of the premiums via payroll deduction. Coinsurance. Transportation.
Higginbotham
MAY 4, 2023
The Convenience of Payroll Deductions When supplemental life insurance is available through work, employees often pay for coverage using payroll deductions. Instead of having another bill to pay each month, they simply sign up to have the supplemental employee life insurance premiums deducted from their paychecks. Learn more.
Higginbotham
AUGUST 13, 2024
And, for most hospital indemnity plans, there are no deductibles, provider networks or other complications to worry about. Your employees may use their hospital indemnity insurance benefits to cover deductibles, copays, out-of-network costs and other expenses associated with a hospital stay. However, education is key.
InterWest Insurance Services
JANUARY 17, 2023
But for the first time, the annual study by employee benefits provider Unum found that the younger generations are not on the same page with their older peers when it comes to what they value most in their benefits package. These are the top 15 non-insurance benefits for U.S. Student loan repayment benefits.
Higginbotham
NOVEMBER 12, 2024
Employers wishing to provide legal services as an employee benefit typically have two primary options: Standalone Legal Services Benefit: Legal insurance can be provided as a voluntary benefit, with employees covering the cost through payroll deductions.
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