The cost of employee benefits can account for 40% of payroll costs. As employers seek to attract and retain employees at a reasonable cost, many are looking to voluntary benefits products and services to ensure that their benefits package does just that.
Employers and plan sponsors are implementing creative and economical benefit solutions that provide employees with access to voluntary insurance products and services at a price point normally seen in group benefits. Over the past few years, these voluntary product have shifted from “nice to have” to a “needed benefit” for many employers.
Spring can work with you to design a program that meets employee’s needs. Typical voluntary benefits include:
- Supplemental Insurance
- Long-term Care Insurance
- Property/Casualty Lines
- Vision Care
- Identity Theft
- Pet Care
- Legal Plans
- Travel Services
- Employee Purchase Plans
- Survivor Benefits Life Insurance
- And More…
Although most projects our voluntary team work on don’t fit into a “standard” mold, their key capabilities in this area include, but are not limited to:
- Employer/Employee education
- Employee Communication
- Enrollment
- List billing
- Individual record keeping
- Technology data exchange
- Employer/Employee services
- Self-service
- Reporting
Please contact us using the form on this page for more information about any of our voluntary products and solutions.