Group Voluntary Benefits

Group Voluntary Benefits

When you provide healthcare benefits to your employees, you have the option to give them a chance to get valuable coverage at much lower rates compared to what they would pay on their own. Eber & Associates can help you create “just-right” benefits for your staff.

You can offer your employees group voluntary benefits, which can reduce expenses for them without putting additional financial burden on your business.

What Are Group Voluntary Benefits?

Group voluntary benefits are a great way to allow your staff to have great coverage for a lower premium. A group voluntary benefits program provides employees with access to specific medical benefits that are paid via deductions through payroll.

The insurer can offer lower premiums to employees because they have access to a larger pool of potential customers. They can enjoy more affordable rates compared to what they would pay if they were purchasing insurance individually.

Types of Group Voluntary Benefits

Some common types of group voluntary benefits are:

Critical Illness Insurance

Provides a lump-sum payment if you are diagnosed with a critical illness such as cancer, heart attack, or stroke. It covers the costs of medical treatment, lost wages, and other expenses.

Accident Insurance

Provides a lump-sum payment if you are injured in an accident, regardless of whether the accident is work-related or not.

Hospital Indemnity Insurance

Provides a daily or weekly benefit while you are hospitalized. It can help cover the costs of a hospital stay including copays, deductibles, and out-of-pocket expenses.

Disability Insurance

Provides income if you are unable to work due to illness or injury. It can help you pay your bills and maintain your lifestyle.

Life Insurance

Provides a death benefit to your beneficiaries if you die. Many beneficiaries use the funds to pay for funeral expenses, debts, and other financial obligations.

Aid Your Business by Supporting Your Staff

One way to prioritize the well-being of your team is by providing them with the opportunity to opt for group voluntary benefits.

Offering group voluntary benefits comes without additional costs for the employer while providing more comprehensive benefits options. This helps retain staff and enhances their chances of maintaining good health and financial stability.

Eber & Associates: The Solution to Your Insurance Challenges

If you’re searching for an alternative to providing comprehensive medical benefits to your employees, consider exploring group voluntary benefits as a potential solution.

The Eber & Associates team is here to help you get started.

Custom Insurance the Smart Way

When it comes to custom insurance solutions, you need a team you can trust to help you find the perfect fit. Let Eber & Associates guide you to a more secure tomorrow with the care, coverage, and confidence you deserve.