Types of voluntary benefits for employees
Voluntary Benefits are supplemental insurance plans offered through the workplace that help employees manage expenses not fully covered, or not covered at all, by traditional Health insurance. These programs can strengthen an employer’s benefits package while giving employees access to additional coverage options. MHG Insurance helps employers evaluate, design, and manage Voluntary Benefits programs, including enrollment, coordination, and ongoing support. MHG can provide clients with a range of Voluntary Benefit solutions that enhance their benefits offerings without adding cost to the bottom line.
Learn more about voluntary benefits for groups
Voluntary benefits give employees access to additional coverage beyond their core health plan. Learn about the types of benefits available and why many employers include them as part of their overall benefits package.
What Voluntary Benefits are available?
Common Employee Voluntary Benefits include:
- Disability insurance
- Life insurance
- Accident insurance
- Hospital indemnity insurance
- Critical illness insurance
- Cancer insurance
- Dental and vision insurance
Enhanced Employer Voluntary Benefits
- Payroll
- HR services
- Compliance
- Recruiting
Why offer Voluntary Benefits?
Voluntary Benefits can strengthen your overall benefits strategy while giving employees greater choice and flexibility. Benefits can include:
- Enhanced employee benefits offerings
- Increased employee satisfaction
- Improved recruitment and retention
- Helps with out-of-pocket medical expenses
- Flexible coverage options