The evolution of voluntary benefits – that is, those made available by employers but typically funded by employees – over the last five to ten years is truly significant. Once considered a burden that just wasn’t sought after enough by employees to be worth the effort, voluntary is now a critical component to many corporate benefits packages. It offers a win-win-win solution for employers, employees and vendors alike. It allows employees access to more customized products and services without the employer needing to shoulder the cost, in a time when rising healthcare costs are already keeping them up at night.
In this white paper, we’ll take a deep dive into this market shift and uncover the advantages of voluntary programs for all stakeholders. We’ll also share tips and best practices for getting started – or maintaining – your voluntary benefits program, as well as point out potential pitfalls of voluntary plans and how to avoid them. We’ll discuss things like plan design, workforce demographics, ERISA, program communications and other factors that come into play.
Whether you’re already offering voluntary benefits or are considering starting, you’ll want to read our advice and guidelines. We’ve been helping clients navigate these tricky waters for years, and have picked up quite a few tricks of the trade along the way! Fill out the form below for your copy of the white paper, “Voluntary Benefits: No Longer Voluntary for Employers.”
Latest posts by Christine Culgin (see all)
- Spring Hits it Big in Captive International’s US Awards - October 6, 2020
- DOL Issues Updated FFCRA Regulations In Light Of Recent Federal Court Decision - September 18, 2020
- Make Better Healthcare Decisions Through Claims Repricing - September 16, 2020
- Spring Short-Listed for 6 Captive Review Awards - August 18, 2020
- Spring Launches 2nd Annual Healthcare Benchmarking Survey - August 12, 2020