Products: Voluntary Benefits

Paying for a full range of employee benefits may not be feasible or appropriate for your company. Hanratty & Associates offers voluntary benefits that you can provide to employees to complete your core benefits plan.

Voluntary benefits are simply additional benefits available to your employees on a voluntary basis. A variety of coverage can be added to your plan including dental, short and long-term disability, life insurance, and long-term care.

Our consultants recommend voluntary benefits as one way to enhance the benefits you provide to employees and control costs. Because your employees pay for voluntary benefits, a nice complementary plan is a flex plan.

Voluntary benefits provide many advantages to both you and your employees. Employees can still purchase benefits they need and save money on premiums as compared to purchasing individual coverage. Also, employees can pay for their voluntary benefits through payroll deduction and elect to run qualified premiums through your flex plan to save money.

Offering voluntary benefits serves you well too. You can reduce your employee benefits costs and provide valuable benefits to your employees. Plus, by offering a flex plan to help employees pay for voluntary benefits, you will reduce your social security and Federal unemployment tax costs.

Contact us to learn more about voluntary benefits!