InterWest Insurance Services

JULY 18, 2024

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% Accident insurance rose 4%.

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Voluntary Benefits Hospitality Health Insurance Deductions 97

Employee Benefit News

SEPTEMBER 14, 2022

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Employee Benefits

OCTOBER 25, 2023

Credit: Emerge / Shutterstock (1079190161) Employers should have an understanding of the issues their employees face in order to produce targeted and appreciated voluntary benefits strategies. So, what support can voluntary benefits offer in uncertain times?

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CorpStrat

JULY 24, 2024

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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WEX Inc.

OCTOBER 5, 2023

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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Flimp Communications

AUGUST 28, 2020

But so much of the focus of those efforts (understandably) goes to medical insurance benefits. However, this year could be the perfect opportunity to bring attention to certain, often-overlooked voluntary benefits. Of course, Hospital Indemnity coverage and its benefits are already more tangible to many workers.

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Voluntary Benefits Hospitality Education Insurance 98

WEX Inc.

NOVEMBER 21, 2024

Voluntary benefits Voluntary benefits are a powerful way to offer added value without a significant cost burden. From pet insurance to identity theft protection, these benefits allow employees to pick and choose coverage that supports their specific needs, enhancing overall employee satisfaction.

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Winston Benefits

SEPTEMBER 25, 2024

Life insurance can protect an employee and their family long-term. Yet, many Americans still don’t have vital coverage, with 52% citing cost as the reason for delaying getting life insurance. As a result, more companies have started including these benefits in their packages to help fill employee gaps and grant peace of mind.

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Employee Benefits

JUNE 7, 2024

Post Office has introduced new voluntary benefits to its reward, benefits and recognition platform following feedback from its employees. The new benefits include private medical insurance provided by Bupa, critical illness cover, dental insurance, a health cash plan, increased life assurance and a Tastecard.

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Voluntary Benefits Electronics Retail Insurance 59

Employee Benefits

MAY 6, 2024

Credit: Achira22/Shutterstock What are off-the-shelf voluntary benefits packages? Voluntary benefits are additional benefits that employers can offer to their employees alongside their salary. One new trend in the off-the-shelf voluntary benefits space is health. What are the cost implications?

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Achievers

FEBRUARY 2, 2021

Federal and state mandated benefits include health insurance, worker’s compensation, unemployment insurance, and required leave time for caring for family and/or personal medical purposes. Health insurance, and family and medical leave, are not required for all businesses. What are benefits that are voluntary?

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InterWest Insurance Services

APRIL 27, 2023

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. Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%.

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InterWest Insurance Services

JANUARY 17, 2023

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

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Employee Benefit News

SEPTEMBER 3, 2024

Employers may want to consider alternatives that offer coverage that comes with a reduced financial impact on employees.

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Employee Benefit News

MARCH 18, 2024

Pet insurance and pet-friendly workplaces demonstrate a commitment to supporting the holistic well-being of employees and attract a wider pool of talent.

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InterWest Insurance Services

OCTOBER 17, 2024

The main driver in workers prioritizing benefits is the rapidly rising cost of group health insurance premiums and out-of-pocket costs, according to the study by Voya Financial. To better explain benefits to your staff, providing training, individual guidance and literature that explains how best to maximize their benefits.

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Employee Benefits

MAY 17, 2023

Energy provider ScottishPower and technology business Siemens have been shortlisted for Best voluntary benefits at the Employee Benefits Awards 2023. The post ScottishPower and Siemens shortlisted for Best voluntary benefits appeared first on Employee Benefits.

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Best Money Moves

NOVEMBER 4, 2020

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.

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Winston Benefits

AUGUST 20, 2018

Voluntary benefits might give you the competitive advantage you need in a tight labor market. Attract and retain employees looking for extras like short- and long-term disability insurance, critical illness coverage and life insurance.

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Winston Benefits

NOVEMBER 15, 2017

Handling payments for voluntary benefits can be a hassle. Finding an option that works for you can simplify things for employees while making your benefits administration process more efficient. There are several factors that go into determining the best billing fit for your company.

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Higginbotham

OCTOBER 29, 2024

Acting as an intermediary between employers and insurance providers, benefit brokers help design, implement and manage employee benefits programs. Talk to an Employee Benefits Broker What is a benefits broker? How can a benefit broker support your organization?

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HR Lineup

FEBRUARY 14, 2023

Lockton’s employee benefits offerings are designed to help companies attract and retain top talent by providing competitive compensation packages that meet the needs of both the employees and the organization. In conclusion, Lockton is a leading provider of employee benefits, wellbeing, and employee experience solutions.

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Corporate Synergies

DECEMBER 10, 2018

Which voluntary benefit options are right for your employees? This 4-step voluntary benefits checkup will help you decide. As the cost of medical plans rises, employers are offering high-deductible health plans (HDHPs) and health savings accounts (HSAs) as part of their employee benefit plans. As Seen In.

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HR Lineup

FEBRUARY 9, 2023

The platform integrates with popular payroll providers and insurance carriers to provide real-time data and insights into benefits and HR programs. Zenefits’ platform offers a wide range of benefits products including health, dental, and vision insurance, life insurance, 401(k) plans, and other voluntary benefits.

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InterWest Insurance Services

MARCH 14, 2024

Because of this, employers have to be crafty in how they set up their benefits packages so that they address these various needs. But don’t fret, getting something that everyone likes into your package is not too expensive, particularly if you are offering voluntary benefits to which you may or may not contribute as an employer.

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InterWest Insurance Services

JULY 4, 2024

The average employer covers 78% of their employees’ health insurance premiums, up from 74% in 2022. Offer voluntary benefits — Not all voluntary benefits are created equal, and some add more value than others. Across generations, higher-salaried individuals choose HDHPs over traditional plans.

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Winston Benefits

JUNE 16, 2016

Voluntary benefits remain a popular choice among employees to protect income and maintain their physical health. Recent surveys suggest more employees are taking advantage of benefits when they are offered and the trend shows no signs of slowing.

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InterWest Insurance Services

FEBRUARY 20, 2024

As health insurance costs have risen, more employers have started offering their employees this option as the upfront premiums are often lower than with other plans. To do this, you can focus on a number of factors like the average age of your workers, their general health status and understanding of health care and their insurance.

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Winston Benefits

MAY 22, 2018

One way to sweeten the deal is by offering lucrative benefits. While health insurance continues to be the No. 1 benefit among employees, it’s not the only one. Since most companies offer health care, some employees tend to see health insurance as a given instead of a perk. Examples of Voluntary Benefits in Action.

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InterWest Insurance Services

JUNE 2, 2022

Employers nationwide are looking for ways to attract and retain talent and differentiate themselves from competing employers, and many are looking to the two most popular voluntary benefits: employee dental and vision plans. That’s important in today’s tight job market.

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Best Money Moves

NOVEMBER 6, 2024

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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HR Professionals Magazine

MARCH 26, 2025

What we might see soon: While many voluntary benefit carriers have embraced API technology for faster transfer of eligibility data, many medical carriers have not and are still relying on 834 EDI files for eligibility.

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HR Lineup

MAY 10, 2023

One of the key features of Employee Navigator is its benefits administration capabilities. Employers can easily set up and manage a variety of benefits, including health insurance, retirement plans, and voluntary benefits.

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Higginbotham

AUGUST 13, 2024

workers postpone health care needs because they’re worried about cost, even if they have health insurance. Medical care can be expensive, and group health insurance isn’t always enough. Employers can help their employees by offering worksite benefits like hospital indemnity insurance and other supplemental benefits.

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Flimp Communications

JULY 22, 2024

Flimp Decisions helps employees choose best-fit medical and voluntary benefit plans in just a few minutes, without providing any personally identifiable information. Flimp Campaigns offers customized benefits content combined with white-glove managed services to clients to ensure their benefits communication programs are a success.

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HR Digest

MAY 21, 2023

Employee benefits have become an essential part of any competitive compensation package. From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Health insurance Those benefits provide a baseline of employee expectations.

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Employee Benefits

OCTOBER 11, 2023

.” The organisation’s benefits offering is flexible and defined by three key themes: health, wealth and lifestyle. It provides access to a healthcare cash plan , an employee assistance programme and life insurance for up to three people.

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