Sometimes, providing enticing employee benefits might not be easy to afford. This might be the case if you are running a small business. However, you still want to provide a package that can provide some benefits that your employees will appreciate. A cheaper means of doing this is to opt for Group Voluntary Benefits.
Group Voluntary Benefits allows you to offer a package to your employees (health insurance, for example) through an insurance company. However, this package will be paid for by the employees through deductions from their salaries. The package costs do not have to be fully taken care of by your employees, though. You can also contribute a portion towards the purchase of the package.
Group Voluntary Benefits can include:
- Medical Insurance
- Life insurance
- Vision and Hearing Insurance
- Disability Insurance
- Dental Insurance
- Travel insurance, etc.
Group Voluntary Benefits can help you promote employee satisfaction because your employees now have access to a benefits package. Since your employees are actively involved in this benefit package, they get to pick what is most important to them in a benefit plan.
Most insurers providing these plans also offer reduced rates on the monthly premium. Your employees do not have to spend much when contributing towards this package. We can also help you compare plans from different sources so you can help your employees get the best possible deal.
Rather than letting your employees pay higher premiums on individual insurance plans, help them save money by giving them the option of Group Voluntary Benefits. Call us today.
