Voluntary Employee Benefits
In today’s marketplace
attracting and retaining key, productive employees can be a costly and
difficult task. Differentiating your company from other companies can help you
strengthen employee loyalty and attract top quality people. One way to help
distinguish your company from other employers is to increase your benefit
choices by offering your employees additional voluntary benefits.
Many components of an
employee benefits program can be offered to your employees on a voluntary,
employee paid basis. These products are made available to employees at a
fraction of the cost if purchased by the employees outside the workplace. It
also
provides
coverage that many people couldn't otherwise afford and
are only available to them
due to their employment and your sponsorship of the program. Several are
available on a guaranteed or simplified issue basis, which also enhances the
insurability to your employees.
We at Benefit Partners work
for and with our clients, not an insurance company. With our national market
ability, knowledge and due diligence costs vs. benefits analyses, we research
many applicable top rated insurance companies, in order to find the lowest and
best costs for the benefits suited for employers and their employees.
Benefits are offered to
employees with an absolute "NO PRESSURE" to purchase method, high-pressure
selling tactics are strictly forbidden. For Employers & Employees, it’s
“A
Win-Win Situation”.
Voluntary
Employee Paid Benefit Choices
| • Accident/Sickness
Disability (Short & Long Term) |
| • Critical Illness |
| • Long Term Care
|
| • Universal Life
(guaranteed issue available) |
| • Term Life (guaranteed
issue available) |
| • Dental |
| • Vision |
| • Cancer, Disease, & ICU
|
| • Heart/Stroke |
| • GAP PLAN TM
(Supplemental Medical Expense) |
| • Legal Plans
(available upon request only) |
| • Pet Insurance
(available upon request only) |
|
NOTE: Although, all the above
choices are
valuable benefits, we feel that it is crucial not to overwhelm employees
with too many options at once. Our philosophy is two new products
introduced at one time. The employer can add new benefits over time and
give the employees more options. |
Why offer
Voluntary Additional Benefits?
 |
Employees may select coverage(s) to fit
their individual needs. |
|
|
Provides some type of
benefits where the employer offers no health plan (doesn't replace). |
|
|
Provides additional benefit
to current benefit program at no further cost to the employer. |
|
|
Morale and financial
security of employees are strengthened by providing a better benefit. |
|
|
All benefits may be employer
or employee paid. |
|
|
Some benefits that are
employee paid can be pre-taxed. Increased pre-taxed
participation decreases matching FICA & other employee related expenses.
Pre-taxing of disability income products is not recommended. |
|
|
Most benefit payments are
paid directly to the employee in addition to any other coverage. |
|
|
All benefits that are
employee paid are selected on a voluntary basis. |
