Offering Voluntary Benefits – A Competitive Advantage

Offering Voluntary Benefits – A Competitive Advantage

Offering Voluntary Benefits - A Competitive Advantage

Increasing Costs of Group Benefits = Switch to Voluntary Benefits

With the recent enactment of the Affordable Care Act, many businesses are starting to revamp their employee benefits programs to comply with new regulations. Whether you are required to offer employee benefits or not, doing so can act as a significant competitive advantage for your organization as a whole. Both recruiting and retaining higher quality employees can be achieved by offering benefits to your team.

Since the cost of offering group benefits continues to increase each year, it may be to your advantage to look into offering voluntary benefits. These supplemental policies allow you to offer benefits to your employees, without being left with the bill. When you offer voluntary benefits, your employees pay 100% of the benefits through a payroll deduction. Since these benefits come with no cost to the employer, this is a great way to offer customizable benefits packages that your employees can pick and choose from.

At Employee Benefit Plans Inc., we offer a wide range of voluntary products, including:

  • Voluntary life insurance for employees, their spouse, and their children
  • Voluntary long term disability insurance policies for the employee
  • Off-the-job accidents for employees, their spouse, and their children
  • Critical illnesses – lump sum paid directly to the employee
  • Cancer for employees, their spouse, and their children
  • Hospital indemnity for employees, their spouse, and their children
  • Dental insurance for employees, their spouse, and their children

Another major selling point of voluntary benefits is that these products are transferable, meaning your employees will not have to worry about having their benefits terminated if they no longer work at your organization in the future.

Are you ready to add voluntary benefits to your employee benefits package? Contact Employee Benefit Plans Inc. in Greenwood Village for all of your Colorado insurance needs. We can help you compile the perfect offering package so that you can start recruiting and retaining the absolute best employees.