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Did you know employers can enhance their benefits offerings by incorporating voluntarybenefits? But what exactly are voluntarybenefits, and how can employers design an effective plan? And don’t forget to check out our Benefits Buzz podcast episode below. What are voluntarybenefits?
When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first-timer. Among the suite of benefits you’re likely to be offered, voluntarybenefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.
Voluntarybenefits 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. Why are some examples of voluntarybenefits?
Sales of voluntary group benefits grew at a record pace in 2023 as more employers expand their offerings and demand continues booming as employees seek out benefits that can defray costs, according to new research. Premiums collected for employer-sponsored voluntarybenefits jumped 6.7% Accident insurance rose 4%.
When it comes to navigating the world of employee benefits, there's a lot to take in, especially if you're a first-timer. Among the suite of benefits you’re likely to be offered, voluntarybenefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.
Hub International is a global insurance brokerage and consulting firm that specializes in employee benefits, wellbeing and risk management solutions. The company’s employee benefits offering includes group medical, dental, vision, life and disability insurance, as well as employee wellness programs and voluntarybenefits.
USI is a leading insurance brokerage and consulting firm that specializes in employee benefits. The company offers a wide range of benefits solutions to help organizations of all sizes attract, retain, and engage their employees.
Being able to offer a comprehensive benefits package that goes beyond traditional medical, dental and vision plans is one way we can help them differentiate themselves,” said PeopleStrategy CEO, Randy Cooper. About PeopleStrategy, Inc. Learn more at newbenefits.com.
Check out our other compliance blog posts on HSAs , HRAs , LSAs , and voluntarybenefits. Limited medical FSA: Similar to a medical FSA, but can be paired with high-deductible health plans (HDHPs) and health savings accounts (HSAs) , covering dental and vision expenses. It is not legal or tax advice.
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