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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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Importance of Employee Benefit Package And Why it Matters

HR Digest

Introducing the employee benefits package to the employees 6. Create a plan to review the employee benefits package routinely Business Owner and Manager together can design employer benefits package as it is key to attracting and retaining top talent. Health insurance 2. Dental or vision insurance 4.

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Hub International

HR Lineup

With a presence in North America, Europe, and Asia, Hub International offers a comprehensive suite of employee benefits solutions that can be tailored to meet the unique needs of your organization. In the realm of employee benefits, Hub International provides businesses with a range of insurance products to help protect their employees.

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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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USI Employee Benefits

HR Lineup

USI’s benefits offerings include a comprehensive suite of health insurance options, including medical, dental, and vision insurance. In addition, USI provides life insurance, short- and long-term disability insurance, and accidental death and dismemberment insurance to help protect employees and their families.

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How to offer health insurance as a small business

Higginbotham

Larger companies are more likely to offer health insurance than smaller companies, with 91 percent of firms with 50 to 199 workers offering coverage, compared to only 39 percent of firms with three to nine workers. However, even among small companies, the figures show that health insurance is a common offering.

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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. 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.