Changes to the U.S. health care system have turned workers’ attention to
their personal health care spending. They want to know where their insurance
dollars are going and what they’re getting for their money. What’s more,
they’re taking a close look at their existing coverage to identify gaps that
might leave them vulnerable to medical expenses they’re ill-equipped to pay.
One solution employees are open to is voluntary insurance. In
fact, the 2015 Aflac WorkForces Report revealed that 64 percent of
employees see a growing need for voluntary insurance today when compared to
years past. With that in mind, here are five practical reasons employers should
ensure workers have access to voluntary insurance policies:
- They provide employees with financial safety nets that help keep their minds on their jobs and not on money concerns.
- They can be offered at little or no cost to employers.
- They pay cash benefits workers can use to help pay unexpected health care costs that aren’t covered by major medical insurance.
- They pay benefits regardless of any other insurance coverage employees have in place, including policies available through state health care exchanges.
- The Aflac survey revealed that employees who are offered and enrolled in voluntary insurance plans feel more empowered at work, report increased job satisfaction and believe they’re more financially prepared to cope with unexpected medical expenses.
As an employer looking for ways to ensure a successful open
enrollment, consider the many solutions provided by voluntary insurance
policies — solutions that can make next year better not only for businesses,
but for employees too. Check out our handy voluntary insurance guide for