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What are voluntary benefits?

WEX Inc.

Examples of voluntary benefits are: Supplemental life insurance Critical illness Pet insurance Voluntary benefits are additional perks that an employer can offer at a discounted group rate, with the employee either fully or partially paying for the benefits through a payroll deduction. Go to our webpage.

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

cancer insurance) Pet insurance. One reason: More employers are offering high-deductible plans as health insurance costs continue to increase. Roll them out a few at a time, starting with life insurance, dental/vision and/or disability insurance. These are proven high-participation programs.

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Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 The analysis found that this combination of group health and wellness programs boosted overall ROI for employers.

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

Now more than ever, employers need to step up their employee benefits game beyond providing group health insurance. Good pay and a robust health insurance package still win the day, but employers are having to do more to sweeten the pot, according to a new survey by MetLife. Dental insurance. Life insurance.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. The worker can choose from a menu of options into which they want to funnel the funds, and how they want those funds allocated. Flexible spending account.

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5 Key Elements to Look for in a Payroll Platform

Hireology

A centralized, automated benefits statement through your payroll platform will enable employees to not only see their paycheck and salary information, but also such benefits as: health insurance, dental insurance, vision insurance, flexible spending, life insurance, commuter benefits, retirement benefits, time off, and more.

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5 Key Elements to Look for in a Payroll Platform

Hireology

A centralized, automated benefits statement through your payroll platform will enable employees to not only see their paycheck and salary information, but also such benefits as: health insurance, dental insurance, vision insurance, flexible spending, life insurance, commuter benefits, retirement benefits, time off, and more.

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