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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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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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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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Creative Billing Alternatives for Voluntary Benefits

Winston Benefits

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. Under this option, we perform the administration of multiple benefits from multiple carriers through a single payroll deduction slot.

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Dental and Vision Benefits Are Inexpensive, and a Big Hit with Workers

InterWest Insurance Services

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. At 24% of employers, the worker pays 100% of the cost via a payroll deduction program. Plan structures.

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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.

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How to offer health insurance as a small business

Higginbotham

An independent agency can also help you create an employee benefits package that includes other options your employees may value, like dental, vision, life and disability insurance. Voluntary benefits can be offered with little to no out-of-pocket expense to the employer.