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Why Voluntary Benefits Matter for Small Employers

InterWest Insurance Services

Voluntary benefits have emerged as a key differentiator for small businesses looking to stay competitive in attracting and retaining employees. For small businesses that may not be able to afford rich employer-funded benefits, voluntary offerings help level the playing field. What are voluntary benefits?

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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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During open enrollment, embrace voluntary benefits as the 'opening act'

Employee Benefit News

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Voluntary Benefits Demand Surges as Employees Seek to Defray Costs

InterWest Insurance Services

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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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. Coordination with group health insurance. Note: Hospital indemnity insurance is a supplemental insurance product.

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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.