This is the fifth article in a series on meeting open enrollment challenges. Below, we examine how employee-paid voluntary benefits can help to meet employees’ needs.
Voluntary benefits can range from supplemental critical illness coverage to pet insurance or even auto and home insurance. Typically, these plans have group-rate premiums negotiated by the employer but paid by employees. In some cases, especially for health benefits, premiums are payroll-deducted on a pretax basis.