Gone are the days where voluntary benefits are simply just a "nice-extra" for employee benefits. In the latest edition of the California Broker Magazine, Elizabeth Halkos, our Chief Operating Officer, shares her thoughts on the 2019 trends in voluntary benefits that brokers should be aware of as they look to help thier clients expand thier benefit packages.
Voluntary benefits offer employees a variety of specialized benefits so they can choose the ones they want. And the range of options is impressive-from voluntary benefits that supplement ·core· benefits including health, life and disability insurance, to the plethora of others that span identity theft protection to pet insurance to employee purchase programs and even student loan refinancing arrangements and egg harvesting.
In addition, voluntary benefits are a cost-effective method for employers to provide a broad benefits package that give employees options. That's important because only 60 percent of employees believe their employer's benefit plans are competitive with those offered by other organizations, according to the PwC 2018 Employee Financial Wellness Survey.
Read Forecasting the 2019 Trends in Voluntary benefits online. ( Pages 30-32)