Does Your Employer Offer Voluntary Benefits?

Voluntary benefits can help with finances when sick, hurt, or suffer a critical illness.

Insurance protection is one of the most valuable items when considering how to protect one's financial future. 

Lifestyle becomes critical should one become disabled, get injured, or suffer from a life-threatening critical illness. Saving a few dollars each week should be balanced against the valuable benefits many workplace products may provide. For example:

  • Disability insurance can provide a stream of income to ensure monthly bills can be paid.
  • Accident insurance can provide supplementary income or help cover copayments.
  • Critical illness insurance may mean the difference between financial strain and being able to cover medical expenses.

Workplace voluntary benefits are unique because the benefits are paid directly to the policyholder. No copayments are required to receive benefits, and benefits are paid in addition to any group health plan or supplemental plan in place.

As an employer, there is no direct cost to someone to offer to their team. The benefits are employee funded and 100 percent portable. 

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Catherine Webber February 18, 2012 at 11:45 AM
HI Chris,I just wanted to point out that "voluntary benefits" aren't always in the form of Aflac type insurance. It can be auto or home insurance, savings programs, wellness programs and the like. This sound a bit like you are just looking for business.
Chris Sottile February 19, 2012 at 12:13 PM
Catherine, i'm starting to blog about many of the options around voluntary, wellness, ideas for employers, and other healthcare matters. I started with some options I specialize in and plan to continually update. Purpose is for education. I appreciate your comment.


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