Voluntary Coverage

As insurance costs continue to rise, working folks are finding it difficult to attain more than the basic coverage amounts. Voluntary Benefits give employees the opportunity to seek additional coverage’s that may not be available to them through their employer-sponsored plan. Although the employee is responsible for premium payments, because it is a group plan, the policies will be greatly discounted. In other words, employee’s can have a discounted way to access greater benefit levels.

As an employer, voluntary benefits can save you money as insurance costs increase because the premiums are covered by the employees of your business. It can also serve as a way to compete with larger companies in the hiring process attracting more in-demand workers.

Voluntary Benefits may cover the following, but may not be limited to: health, life, dental, disability, long-term care insurance, etc.

If an unexpected health issue takes away your ability to bring home a paycheck, voluntary benefits can help cover the lost wages. Or if your employer-sponsored health coverage is unable to cover the extreme costs of medical treatment, voluntary benefits will kick in.

A voluntary benefits plan has multifaceted benefits for employers and employees. If you’re a business owner struggling to offer your workers benefits, consider voluntary benefits. Contact ENERGI today to learn more.