Voluntary benefits provide employees with additional benefit choices, usually at a lower cost than they are able to obtain on their own.These plans may allow your employees to fill in the gaps created by high deductible plans, or to purchase benefits that are not otherwise available to them. In addition, there are potential tax savings for both you and your employees, since payroll deductions may be made on a pre-tax basis under your Section 125 plan.
Voluntary benefits may include life insurance, critical illness, cancer care, disability income and accident insurance.
