What are voluntary benefit plans?
Hereof, what are some examples of voluntary benefits?
A few examples of voluntary benefits are dental, vision, life, disability, supplemental health and cancer insurance. Many employers offer voluntary benefits because they allow companies to provide a more robust benefits package at no cost to them.
Beside above, what is the difference between voluntary and worksite benefits? Let's analyze the difference. Historically, it's safe to say worksite products have their roots in individual insurance products, while voluntary products have their origins in group products.
In this way, why voluntary benefits are important?
Voluntary benefits are employee benefits that an employee can purchase from their employer. Usually, businesses provide these benefits to employees at little or no cost to the employer. This setup provides increased value to employees, which in turn makes them more important for employers too.
What percent of employers offer voluntary benefits?