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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

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, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

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Voluntary benefits: A guide for your first-time enrollees

WEX Inc.

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, voluntary benefits are often misunderstood. Check out our other first-timer series blog posts on health plans and employee benefits.

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Voluntary Benefits Demand Surges as Employees Seek to Defray Costs

InterWest Insurance Services

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 voluntary benefits jumped 6.7%

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Employee Benefits: The Only Guide You Need

Achievers

The list of benefits in this category began fairly simply with things like dental insurance and life insurance options. Today, the list of voluntary benefits has grown significantly to include things like reward programs, unlimited vacation time, and flexible work schedules. Wellness programs .

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Are Your Benefits Enough to See Employees Through a Crisis?

InterWest Insurance Services

Over 80% of middle-market respondents report that they got their health insurance, disability insurance and retirement plan all through their employer. Meanwhile, six in 10 have no life insurance in place outside of the workplace. Are life insurance benefits adequate?

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Holistic Wellness: 4 Benefits for a Better Plan

Best Money Moves

However, many employees feel their current benefits don’t meet their day-to-day needs, according to a 2024 Wellbeing and Voluntary Benefits Survey from HR consulting Firm Buck. Offering benefits such as tuition reimbursement and life insurance subsidies can be especially helpful for working parents.

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Are we moving away from paternalism in employee benefits?

Employee Benefits

Credit: tomertu/Shutterstock Need to know: Benefits strategies have evolved because of influences including employee expectation, cost and the pandemic. Flexible benefits , voluntary benefits, and allowances or pots offer the potential for greater personalisation. Developments in this space may chip away at these rules.