Voluntary Benefits: Six Myths and Facts
As employers grapple with rising health care costs, they may make changes that are unpopular with their employees. Too often, any change in health coverage, in particular, is seen as a “take away.” As necessary cuts are made, employers are increasingly turning to voluntary health benefits to fill coverage gaps and maintain or
improve employee satisfaction with their benefits.
Voluntary benefits are insurance products that are offered through employers but are paid entirely by employees, typically through payroll deferral. There are a broad array of voluntary benefits available today, both health and non-health related. Health-related voluntary benefits include critical illness, accident, vision, dental, disability, long-term care and hospital indemnity insurance.
Download the eBook to learn that despite their increasing popularity, there is still some confusion about how voluntary benefits work and how they are received by employees.