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Voluntary Benefits

Voluntary Benefits

As health care costs continue to rise, so has the demand for voluntary benefits. Voluntary benefits allow employers to offer benefits that are attractive to employees, but without added cost to the company. Employees benefit because they have a variety of insurance options available in one place, and often with lower premiums than individual policies.  Since many employers find it increasingly difficult to provide employees with a complete benefit package, employees are seeking need new ways to supplement their core benefits.  For many employers and employees, voluntary benefits are an ideal solution.


What are voluntary benefits?
Voluntary benefits are coverages and products available to employees for elective purchase.

These innovative programs have four key characteristics:

  • They are 100 percent employee-paid
  • Are provided through an employer
  • Are solicited and enrolled by a carrier or enrollment firm
  • Are paid for automatically through payroll deductions

Because of their cost efficiency and portability, as well as their contribution to an employee’s work–life balance, voluntary benefits are increasingly becoming a central component of many companies’ overall benefits strategies.

Some Voluntary Benefits include:

  • Permanent life insurance
  • Disability income insurance
  • Accidental death and dismemberment (AD&D)
  • Supplemental health insurance
  • Long-term care insurance
  • Retiree medical insurance
  • Dental/vision insurance
  • Auto/homeowners’ insurance
  • Prepaid legal services
  • Pet health insurance
  • Identity theft insurance
  • Computer purchase programs
  • Adoption assistance