WEX Inc.

AUGUST 23, 2023

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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Voluntary Benefits Disability Insurance Life Insurance Insurance 98

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.

Voluntary Benefits 98

Voluntary Benefits Life Insurance Health Insurance 98

InterWest Insurance Services

FEBRUARY 20, 2024

HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses. They decide how much money they want to transfer to their HSA each pay period — funds that are not subject to taxes. Other voluntary benefits like critical illness insurance can fill in the gaps when employees have a high deductible.

Deductions 90

Deductions Deductible Out of Pocket Cost Health Savings Account 90

InterWest Insurance Services

JANUARY 18, 2024

HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses. They decide how much money they want to transfer to their HSA each pay period — funds that are not subject to taxes. Other voluntary benefits like critical illness insurance can fill in the gaps when employees have a high deductible.

Out of Pocket Cost 59

Out of Pocket Cost Deductions Deductible Voluntary Benefits 59

HR Digest

MAY 21, 2023

The mandatory benefits form the foundation of all employee benefit packages. Payroll taxes 2. Health insurance Those benefits provide a baseline of employee expectations. Besides these core benefits, there are many perks and fringe benefits a company can offer to round out the benefits package.

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Benefits Package 401(k) Employee Benefits Disability Insurance 105

InterWest Insurance Services

MARCH 22, 2022

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Since the salary reductions are not received by the employee, they are not considered wages for income tax purposes. This is great since one size does not fit all in the world of employee benefits.

Flexible Spending Account 80

Flexible Spending Account 401(k) Flexible Spending Deductions 80

Higginbotham

JANUARY 4, 2022

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.

Health Insurance 52

Health Insurance Insurance Disability Insurance Life Insurance 52