As health care costs continue to rise, so has the value of voluntary benefits. Voluntary benefits allow employers to offer benefits that are attractive to employees without added cost to the company. Many employers consider expanding their voluntary benefits to compensate for employees’ increasing health care costs. Employees benefit because they have a variety of insurance and other program options conveniently available in one place.
Types of Voluntary Benefits
A few traditional voluntary offerings include dental, vision, disability, critical illness, life and accident insurance.
Advantages of Voluntary Benefits for Employees
Because of their cost efficiency and portability, voluntary benefits are becoming a central component of many companies’ overall benefits strategies, offering high value to employees, all with minimal effort and cost to the company.
The Value of Voluntary Benefits for You
Your company can benefit in many ways from offering voluntary benefits. A good set of voluntary benefits can:
- Cost you little or nothing to offer
- Provide great value through cost efficiency and convenience to your employees
- Aid recruitment efforts because certain benefits, such as dental and disability, are highly valued
- Help build loyalty and retention, reducing employee turnover and associated costs
Click here to learn more about how Creative Benefits’ can help you with your Voluntary Benefits Offering!