Voluntary benefits are becoming increasingly important in the effort to attract and retain top employees, and the Affordable Care Act hasnt discouraged employers from that way of thinking. Seventy-one percent of employers said voluntary benefits improve employee morale and satisfaction a 13% increase from 2010 the last time LIMRA surveyed employers.
The newest study, released in late December, showed the ACA had little-to-no impact on the majority, 60%, of employers appetite for offering voluntary benefits. However, many employers are still confused by the health care law and how it will affect their benefits, LIMRA said. The study found that just 10% of employers offer an insurance benefit through an exchange, and most are not likely to do so within the next two years.
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