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Are Your Benefits Enough to See Employees Through a Crisis?

InterWest Insurance Services

Middle class families — those with incomes of between roughly $50,000 and $100,000 per year — are becoming increasingly reliant on workplace benefits to ensure their financial well-being in case of a disability or critical illness. Simple health insurance is insufficient to carry the load. To learn more, call us.

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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. Why are some examples of voluntary benefits?

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company. cancer insurance) Pet insurance. Where the employer did not offer voluntary benefits, the satisfaction rating fell to 32%.

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Enhance Your Benefits Package for Pennies: The Power of Voluntary Benefits

CorpStrat

As open enrollment season approaches, most companies are looking to enhance their benefits packages without breaking the bank. Voluntary benefits offer an excellent solution, providing added value to employees, at little to no cost for employers. Ask your CorpStrat representative about voluntary benefits for your team.

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Hospital Indemnity Insurance a Key Voluntary Benefit

InterWest Insurance Services

even for people with health insurance. Hospital indemnity coverage is generally offered as part of a voluntary benefits package, and often at little or no cost to the employer. Employees pay part or all of the premiums via payroll deduction. Coordination with group health insurance.

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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. The cost for individual group health plans increased 6.7% for the smallest SMBs, compared to just 4.3%

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Managing Employee Healthcare Costs in 2021

Best Money Moves

What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. Employers are focused on improving employee healthcare by adding virtual or telehealth offerings and including voluntary benefits in 2020, according to research by Mercer.