voluntary benefits

As health care costs continue to rise, so has the increased demand for voluntary benefits. When employers find it increasingly difficult to provide employees with a complete package, and employees need new ways to supplement their core benefits, voluntary benefits can be an ideal solution.

What are voluntary benefits?

Voluntary benefits are coverages and products made available to employees for elective purchase. These innovative programs have four key characteristics:

• They are 100–percent employee paid
• They are conveyed through an employer
• They are solicited and enrolled by a carrier or enrollment firm
• They are paid for through payroll deductions

What coverages are typically included?

Traditional voluntary benefits refer to lifestyle protection coverages, such as:

• Permanent life
• Disability income
• Critical illness
• Supplemental health
• Long–term care
• Retiree medical

Because of their cost efficiency and portability, as well as their contribution to an employee’s work–life balance, voluntary benefits are increasingly becoming a central component of many companies’ overall benefits strategies.

For more information on voluntary benefits, please contact your dedicated TriSure representative.