Voluntary and Supplemental Employee Benefit Solutions for Small Businesses
Voluntary and Supplemental Employee Benefit Solutions for Small Businesses
In today’s crowded job market, smaller businesses can differentiate themselves by offering voluntary and supplemental insurance benefits to their employees, just like larger employers.
Voluntary and supplemental benefits allow employees to customize their coverage based on their unique needs and lifestyle preferences, increasing employee and workplace satisfaction while attracting top talent to your organization.
Connectify HR’s solution allows clients to add or expand their voluntary and supplemental benefit offerings cost-effectively.
Understanding Voluntary and Supplemental Insurance Benefits
Voluntary and supplemental insurance benefits are additional options for employees to augment their workplace benefits package. Employers can fund or contribute to these products if they choose. Still, often employees fund these benefits themselves, which allows employers to offer a more expansive range of benefits without incurring additional costs.
Some of the most common types of voluntary and supplemental insurance benefits offered by larger employers include Dental, Vision, Life Insurance, Short- and Long-term Disability Insurance, Accident, Hospital Indemnity, and Critical Illness. Connectify HR clients receive access to all of them.
- Vision Insurance A popular benefit that helps employees save on glasses, contacts, and other preventative care.
- Dental Insurance Connectify HR’s carrier provides nationwide coverage, offering competitive dental plans to help your employees save on healthcare costs.
- Life Insurance Demonstrates that you care about the long-term financial security and well-being of your employees and their families.
- Short- and Long-term Disability Insurance Ensures your employees and their dependents are taken care of should they find themselves unable to work.
- Accident Insurance A layer of financial protection available when you suffer an unexpected, qualifying accident.
- Hospital Indemnity Insurance Provides financial support for items associated with a hospital stay that may not be fully covered by an employee’s major medical insurance, such as deductibles and co-pays, transportation, and lodging.
- Critical Illness Insurance Provides financial support following the diagnosis of a covered critical illness, like a heart attack, cancer, or stroke.
Providing Top-Notch Employee Benefits to Your Team
Offering voluntary and supplemental insurance benefits can be a powerful tool for smaller businesses to attract and retain top talent. Employers can demonstrate their commitment to supporting their workforce’s well-being and financial security by providing various customizable coverage options.
Implementing voluntary and supplemental insurance benefits can be complex for small business owners. Partnering with Connectify HR can simplify the process of implementing voluntary and supplemental insurance benefits, ensuring that their clients can focus on growing their business while providing a competitive benefits package to their employees.
Easily manage all your HR needs with Connectify’s wide range of solutions. Contact us today to schedule a free consultation.