Voluntary Plans
Types of Voluntary Benefits
There are many kinds of voluntary benefits available today. Some that employers often find to be the most valuable when it comes to talent acquisition and retention are:
Health and Wellness
May include health insurance, vision insurance, dental insurance, life insurance, supplemental disability insurance, gym memberships
Financial Wellness
May include financial counseling, student loan repayment programs, mortgage protection insurance
Personal Benefits
May include pet insurance, travel insurance, car insurance, employee assistance programs (EAPs), legal counseling, discounted goods and services
Security
May include identity theft protection, homeowners’ insurance, and home security installation discounts
How Employers and Employees Benefit from Voluntary Benefits
Employees
Voluntary benefits can enhance employees’ quality of life either directly or through the promise of future security. Depending on the specific package, plan participants may be able to:
- Improve their health and wellness
- Manage personal debts better
- Alleviate pressures outside of work
- Save money on products or services
Businesses
When employees are healthy and happy, they are more productive and less likely to take unscheduled time off. Voluntary benefits can also serve as a passive recruitment and retention tool if employees have positive experiences and share them with others inside and outside the organization.
Success Stories
Manufacturing(Ohio based | 500+ employees)
‘Helped us stabilize and reduce our costs for 3 consecutive years’
Moving and Storage(New York based | 250 + employees)
‘Helped us stabilize and reduce our costs for 3 consecutive years’
Non-Profit(Connecticut based | 150 employees)
‘Meridians technology is awesome and holds the carriers accountable!’
Real Estate Company(Connecticut based | 100+ employees)
‘The Meridian team genuinely makes our employees feel valued …’