Voluntary Benefits

With Health Insurance costs rising year after year, and assuming the largest piece of your employee benefits budget, it can be increasingly difficult to include the other Employee Benefits, that you would like to provide to your employees, within your employee benefits budget.

This does not mean the other Employee Benefits are not important to your employees. Life Insurance, Disability Insurance, Dental and Vision, to name a few, are valued highly by your employees. They are so important, that a majority of employees are in fact willing to pay part or the entire premium for these Benefits.

Most employees also consider a Voluntary Benefit offered at the workplace to be an Employee Benefit provided by their employer. You can make available, at no cost to you, Benefit Programs that your employees want and need. This is a win win situation for employer and employee.

How Voluntary Benefits Serve to Employee:

• Employees can purchase the benefits that are important to them and their family.
• Employees save money on premiums, since coverages purchased under a Voluntary Benefits Program are typically less expensive then purchasing individual coverage.
• Employees can save money by running their portion of eligible Voluntary Benefits through their employer’s Section 125 plan. (Contributions towards eligible Benefits are free from Federal Income Tax, FICA Tax and in some states, State Income tax.)
• Employees can pay for the their Voluntary Benefits through Payroll Deduction.
• Employees can purchase most coverages on a spouse or child.

How Voluntary Benefits Serve the Employer:

• Employer is able to reduce or minimize costs while providing a valuable Employee Benefit to their employees.
• Providing a wide range of Employee Benefits helps attract and retain key employees.
• Employer can reduce their FICA costs by offering a Section 125 plan. Neither the employee nor the employer has to pay FICA tax on the employees’ contributions run through a Section 125 Plan.

What Can The Guard Group Offer your Company:

With years of experience in the Voluntary Benefits market, we are able to bring the very best programs to your workplace. Whether it is true group Voluntary Benefits, or more individualized programs, we can provide the most flexible Voluntary Benefits plans to best suit your employees needs. Here is a small list of the Voluntary Benefits we can provide:

• Life Insurance (Term, Whole Life, Universal Life)
• Dental Insurance (Indemnity or DMO)
• Disability Insurance (Short Term and Long Term)
• Payroll Deducted IRA and Mutual Fund accounts
• Long Term Care
• Accident and sickness plans

CLICK HERE TO REQUEST MORE INFORMATION ON VOLUNTARY BENEFITS