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What are voluntary benefits?

WEX Inc.

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. The post What are voluntary benefits?

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Employee Benefits: The Only Guide You Need

Achievers

Health insurance, and family and medical leave, are not required for all businesses. Some states have mandated disability insurance and retirement plan requirements. . What are benefits that are voluntary? Bottom line is that voluntary benefits are any perk offered to employees that is not mandated by law. .

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What is a benefits broker and how can they simplify employee benefits?

Higginbotham

These services could include: Plan Design and Customization: One of the core functions of a benefits broker is to help design and customize benefits plans that fit the unique needs of an organization and its employees.

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Workers’ compensation vs disability insurance

Higginbotham

Workers’ compensation and disability insurance are two different types of programs that can provide benefits. Learn about the differences between workers’ compensation vs disability insurance and why your workers may need access to both. What are workers’ compensation benefits?

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Importance of Employee Benefit Package And Why it Matters

HR Digest

Health insurance Those benefits provide a baseline of employee expectations. Besides these core benefits, there are many perks and fringe benefits a company can offer to round out the benefits package. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5.

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Worksite benefits: Hospital indemnity insurance and beyond

Higginbotham

Create a powerful recruitment and retention tool. Having a comprehensive employee benefits package is important for attracting talent and fostering loyalty. A hospital indemnity insurance plan can be part of a compelling package. First, these policies tend to be affordable, especially when compared to health insurance.

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What is ancillary health insurance?

Higginbotham

Ancillary benefits can also include benefits outside your medical insurance, such as dental, vision, life and disability insurance. Types of Ancillary Benefits. There are two main types of ancillary health insurance: voluntary benefits and employer contributory benefits.