Voluntary Benefits Are A Big Value Without a Big Price Tag
When employers think about enhancing their benefits package, the first concern is often cost. What if you could offer employees more without raising your budget? This is where voluntary benefits come in.
What Are Voluntary Benefits?
Voluntary benefits are additional coverages employees can choose to enroll in—usually paid 100% by the employee through payroll deduction. Think of them as optional add-ons that help round out a core benefits package.
Common examples include:
- Dental & Vision Insurance
- Life Insurance
- Disability Insurance
- Accident, Critical Illness & Hospital Indemnity Plans
- Legal Assistance or Identity Theft Protection
- Pet Insurance (yes, really!)
Why Offer Voluntary Benefits?
No Cost to the Employer. You’re simply giving employees access to more options. The employee chooses what’s right for them and pays the premium directly.
More Value for Employees. Voluntary plans often come at group-discounted rates, with simplified underwriting and payroll deduction convenience—benefits they wouldn’t get buying coverage on their own.
Customization & Flexibility. Every employee has different needs. Such as, some may want extra life insurance for their family. Others may value income protection in case of injury. Voluntary benefits let your team choose what matters most to them.
Helps with Recruitment & Retention. Offering a wide range of benefits—without increasing your cost—can make your total compensation package more attractive and competitive.
How Do You Roll Them Out?
It starts with understanding your group. We’ll look at your demographics, ask what your employees value, and build a customized package. Most carriers require minimal setup, and many even offer on-site or virtual enrollment support.
For more information contact the Frost / Beck Insurance Agency. Call us at 419-592-4476, send an email to frost@frostins.com, or click here to submit your request today! Or, stop by and see us at one of our four convenient locations in Archbold, Napoleon, Holgate, or Whitehouse.
Ross Durham, Employee Benefits
Coming Next Week:
We’ll cover Open Enrollment Do’s & Don’ts—how to make sure employees understand their options and your HR team doesn’t get buried in paperwork.
