Voluntary Benefits for Businesses | MHG Insurance

Types of Voluntary Benefits for employees

Optional insurance benefits that supplement Group Health plans.

Voluntary Benefits are supplemental insurance plans offered through the workplace that help employees manage expenses not fully covered, or not covered at all, by traditional Health insurance. These programs can strengthen an employer’s benefits package while giving employees access to additional coverage options. MHG Insurance helps employers evaluate, design, and manage Voluntary Benefits programs, including enrollment, coordination, and ongoing support. MHG can provide clients with a range of Voluntary Benefit solutions that enhance their benefits offerings without adding cost to the bottom line.

Types of Voluntary Benefits for employees

Learn more about Voluntary Benefits for groups

Explore the Voluntary Benefits available to your employees and the value they can add to your overall benefits program.

What Voluntary Benefits are available?

What Voluntary Benefits are available?

Supplemental insurance options for employees.

Common Employee Voluntary Benefits include:

✓ Disability insurance
✓ Life insurance
✓ Accident insurance
✓ Hospital indemnity insurance
✓ Critical illness insurance
✓ Cancer insurance
✓ Dental and vision insurance

Enhanced Employer Voluntary Benefits

✓ Payroll
✓ HR services
✓ Compliance
✓ Recruiting

Why offer Voluntary Benefits?

Why offer Voluntary Benefits?

Expand Employee Benefits without increasing employer healthcare costs.

Voluntary Benefits can strengthen your overall benefits strategy while giving employees greater choice and flexibility. Benefits can include:

✓ Enhanced employee benefits offerings
✓ Increased employee satisfaction
✓ Improved recruitment and retention
✓ Helps with out-of-pocket medical expenses
✓ Flexible coverage options

Frequently Asked Questions

Finds answers about coverage options, how Voluntary Benefits work alongside Group Health plans, and how employees enroll and pay for coverage.

What types of Voluntary Benefits are most popular with employees?

The most popular Voluntary Benefits are the ones that help with unexpected medical costs and everyday healthcare expenses. Employees often choose Accident insurance, Critical Illness coverage, Hospital Indemnity plans, Supplemental Life insurance, Disability insurance, and Dental and Vision benefits.

These plans can help with out-of-pocket costs, replace lost income, or provide a lump-sum payment during a serious illness or injury. They’re especially useful when paired with a Group Health plan.

How do Voluntary Benefits work alongside our current Group Health plan?

Voluntary Benefits work alongside your group health plan to fill coverage gaps and lower out-of-pocket costs. They give employees flexible options to choose and pay for the coverage that best suits them, adding value to your benefits package without extra cost to the employer.

How do employees enroll in Voluntary Benefits?

Employees usually enroll during open enrollment or when they first become eligible for benefits. They can sign up through an online benefits portal, complete a paper form, or enroll directly through the insurance carrier.

How are Voluntary Benefits premiums deducted?

Voluntary Benefits premiums are usually deducted directly from employees’ paychecks. Payments are spread out across each pay period and may be taken before or after taxes, depending on the plan.

Is there a minimum participation requirement for Voluntary Benefits?

It depends on the carrier and the plan design. Many Voluntary Benefits don’t require a minimum number of participants, but some products may have enrollment guidelines that affect availability or pricing.