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Every business or professional association is unique, and so are their employees and members. Building an employee benefits plan that stays on budget and meets everyone’s needs can be challenging for some organizations, and sometimes, can lead to critical gaps in coverage.

At BenefitDeck, we believe that benefits are not always one-size-fits-all, and it’s the reason why we continue to offer our clients the flexible employee benefits plan, and the flexible employee benefits plan. It’s also the reason why we will soon be offering our clients and their employees or members access to voluntary benefits.

What Are Voluntary Benefits?

Voluntary benefits are insurance products that an employee can purchase through an employer or association at rates lesser than those available in the market. Specific products include:

* Life Insurance: basic protection for loved ones.

* Accidental Death and Dismemberment Insurance: coverage in the event of an unexpected accident.

* Critical Illness Insurance: coverage upon the survival of life-threatening cancer, heart attack, stroke and up to 15 additional illnesses.

If these options are not part of your current benefits plan, you can still offer your employees or members access to these products on a voluntary basis by partnering with us. Those who are interested can purchase the products at their own discretion via an easy online portal, and choose levels of coverage which adhere to their own budgets

Why Should You Promote Voluntary Benefits?

Voluntary benefits essentially help employers and professional associations fill in the gaps of existing benefits plans by extending additional coverage options to those employees or members who need it. Additionally, implementing voluntary benefits requires no additional work from the employer as our dedicated team of professionals handles everything from start to finish. It’s a simple, no-hassle way to provide access to insurance coverage for life’s more unpredictable moments.

Employees or members themselves get better rates than if they were sourcing the product individually, and their dependents are eligible to be covered under their plan. Additionally, there is no medical examination required upon enrolment, and if a minor pre-existing condition has been identified within a year of the enrolment date, rates will not be affected. These discounted rates and unique terms have all be negotiated by our team of benefits experts, ensuring your members and employees receive only the best voluntary options.

Am I Eligible for Voluntary Benefits?

If you are already a client of BenefitDeck, and do not currently offer these insurance options within your employee benefits plan, then these voluntary options are certainly available to your team and members. Even if you are not currently a BenefitDeck client, you can still partner with us to see how these voluntary benefits might meet your needs.

In the coming weeks, we will be sending out more information about this initiative, so please stay tuned. In the meantime, if you have any questions concerning voluntary benefits, please contact us. We’re always happy to help.