Employers - Voluntary Benefits
Voluntary benefits are additional insurance benefits that you, as an employer have the opportunity to offer to your employees – at no cost to you and with little additional administration.
Common voluntary benefit programs include:
- Life Insurance
- Critical Illness Insurance
- Group RRSPs
- Tax Free Savings Accounts
- Other needs such as Home and Auto Insurance.
In order to attract and retain the best employees in a competitive marketplace, a benefits package that includes voluntary insurance benefits can help. Our clients are hearing the question more often in the hiring interview.
When your employee chooses to participate in a voluntary program, they pay the cost not you. The employer’s responsibility is to offer a payroll-deduction plan and assist with communication and the collection of enrolment forms.
As costs rise in employer offered benefit programs, employers and employees alike are looking for cost-effective alternatives. Voluntary insurance benefits provide solutions that work for both of you.
Voluntary insurance benefits are an opportunity to show employees you care. Employees can take advantage of your group buying power and obtain additional insurance coverage at rates better than they could get on their own. And, your buying power allows your employees to get some of their coverage without answering any health questions.