Group Voluntary

A voluntary benefit program allows you to offer your employees more benefit choices without impacting your employee benefits budget. Voluntary benefits programs also features fully insured plans from top rated insurance carriers . We can you choose a program that is right for your company.

Features of Voluntary Programs

Voluntary employee benefit plans differ from traditional group plans.

Contributions

• Unlike traditional group benefits (such as medical, dental & disability) where the employer pays some portion of the premium, voluntary programs require no employer contributions. Voluntary plans are sponsored by the employer, but the premiums are paid 100% by the employee through the convenience of payroll deduction.
• The employees may pay their premiums (for certain products) on a pre–tax basis through an IRS approved "Section 125" plan. The result is a tax savings for the employee as well as the employer!

Advantages of Voluntary Benefits

• No Employer Premium Costs – Voluntary benefits are a great way to provide employees with the benefits they want and desire with no premium cost to the company.
• Employee Retention – Companies with strong employee benefits packages have lower employee turnover and find it easier to attract prospects looking for employment. This is critical when the employment pool is reduced due to high levels of employment.
• Group Rates – By utilizing the purchasing power of your group, the employees get access to benefits at low group rates.
• Favorable Underwriting – Disability coverage and life insurance are extremely difficult to find on an individual basis if the insured has a less than favorable medical history. These products have simplified underwriting requirements or in many cases are guaranteed issue (no health questions!).

Products available

• Life
• Short Term Disability
• Long Term Disability
• Dental
• Vision

For complete details regarding benefits, rates and limitations and/or an analysis on how we may help you design your benefit program. Contact Benefits Plus at 978-683-7088 or use our contact page.