Voluntary Benefit Plans

Voluntary Benefit Payroll Deduction plans have become increasingly popular among employers and employees alike. Employers appreciate the offerings because it allows them to offer a complete line of benefits without having to actually pay for any of the actual costs. In many instances the employers actually benefits because of the FICA, Medicare, Workers Compensation and Unemployment payrol tax savings.

Employees appreciate the offerings and benefit numerous ways.

They are able to purchase desired coverage quickly and easily through worksite marketing representatives.

Quite often the plans are less expensive and easier to qualify for when purchased in a group arrangement.

Premiums are easily paid through payroll deductions no checks to write each month.

Many premiums can be paid pre-tax only through a company sponsored Section 125 Plan

Virtually every benefit plan can be offered in some type of group payroll deduction arrangement. The list includes: Medical Insurance, Dental Insurance, Vision Insurance, Life Insurance, Accidental Death & Dismemberment Insurance, Short Term Disability Insurance, Long Term Disability Insurance, Major Illness Cash Payment Plans Cancer Plans, Pre-Paid Legal, Long Term Care Insurance, Medical Savings Accounts, Investment Annuities, Auto Insurance, Home Insurance. All these could be linked to description pages

Hundreds of Companies offer various Voluntary Payroll Deduction Plan. There are a few companies that stand out in the area of worksite marketing of Voluntary plans

AFLAC is a leader

Colonial

American Heritage

American General

The fact that these companies do a tremendous amount of business does not necessarily mean that their product offerings are provide the best value or most comprensive coverage. The primary conclusion one should make is that they are effective in marketing and administering payroll deduction programs.