Although voluntary products are becoming more prevalent in the market as employees shoulder more of their healthcare costs, a group of product experts warned not to offer too many elective benefits at once, as doing so overwhelms those making the purchasing decision.
Still, the need for voluntary is clear. Seventy-nine percent of employees see a growing need for voluntary insurance in 2017 compared to the prior year, largely due to the rising cost of health insurance and out-of-pocket costs rising, according to an Aflac study.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access