Tag: Voluntary Benefits

How Employers Can Build a Medical Safety Net

Would it surprise you to learn that 66% of all bankruptcies are due to medical expenses? Even more startling, 80% of these medical-related bankruptcies involve individuals with health insurance. Clearly, there’s a pressing issue that needs to be addressed. This article will outline three essential steps to establish a “medical safety net” for your employees, […]

Long-term Care Crisis Is Really a Retirement Crisis—and the Stats Back it Up

By now you’ve read plenty about the looming care crisis in our country. Advances in modern medicine are resulting in people living longer than ever before. At the same time, the costs of long-term care and access to that care are becoming more restrictive. However, another story that doesn’t get quite as much attention in […]

Reimagining the World of Work: Flexibility Overtakes the 9 to 5

According to a recent PwC survey, nearly two-thirds of workers are on the hunt for a new job. As the “Great Resignation” continues to evolve, employers need to pull out all the stops to attract top talent and retain their employees, and this includes prioritizing new and sought-after benefits. When looking for a new job, […]

Ask the Expert: Voluntary Benefits During Unpaid Leave

In our latest installment of Ask the Expert, brought to you by the team of industry experts at HR Hero®, we look at a recent question from a subscriber regarding the recommended management and payment of voluntary benefits for employees while they are out on unpaid leave. Q: How should employers handle voluntary benefits when employees are […]

Six Criteria for Evaluating a Self-Service Model for Voluntary Benefits

If you provide your employees with voluntary benefits, you’ve most likely considered offering them through face-to-face annual enrollment meetings or over the phone. While these enrollment methods may still be considered valid approaches, those traditional norms are changing. The pandemic has obviously impacted access to employees. In fact, a reported 50% of the workforce is […]


Hey, HR, Your Employees Are (Finally) Interested in Their Voluntary Benefits

Typically, employees think about their benefits two times: when they are first hired and the day before benefits elections are due. This year, however, things are very different. According to recent research from Voya Financial, 71% of employees plan to spend more time reviewing their voluntary benefits this year compared with last. The reason for […]


Voluntary Benefits Help Employees Fill the Healthcare Coverage Gap

In its inaugural “State of Employee Benefits 2016” report, Benefitfocus found companies are altering their healthcare plan design to shift greater financial responsibility to employees via voluntary benefits, driving the need for a different approach to healthcare consumption. These benefits can be powerful tools in helping cover the costs associated with consumer-driven health care, says […]