What is Voluntary Benefits?
Voluntary benefits refer to products/benefits paid at a lesser rate by the employees most often through payroll deductions where the employer pays for the costs of benefits administration.
Voluntary benefits definition
Voluntary benefits refer to products/benefits paid at a lesser rate by the employees most often through payroll deductions where the employer pays for the costs of benefits administration.
Voluntary benefits are great incentives for employees to stay within a company and it provides the opportunity for company to decrease their payroll taxes.
Voluntary benefits examples
• life insurance
• dental
• vision
• disability income
• car insurance
• long-term care coverage
• medical supplement plans
• homeowners insurance