An employee’s desire for financial independence and security is a top priority. In fact, when it comes to voluntary benefits, it’s become the driving factor.
An employee’s desire for financial independence and security is a top priority. In fact, when it comes to voluntary benefits, it’s become the driving factor. This means that employers are increasingly pressured to provide a wide-array of voluntary benefits to all of their employees. Here are the top voluntary benefit trends that are likely to stick around beyond 2018.
Long-Term Disability
With various changes to Medicare and Medicaid, employees are interested in affording long-term care for themselves or their family members. In fact, it’s quite the necessity for all employees. With long-term disability insurance, chronic illnesses, disabilities, and other conditions that affect an extended period are covered. Thus, this type of coverage helps to prevent any rapid depletion of funds and lessens the strain on other family members to provide care.
Pet Insurance
Americans spend a lot of money on their furry friends. In fact, veterinary care can get expensive especially when it comes to surgeries. But it’s not just large expenses that get expensive, regular check-ups and being up-to-date on shots can get pricey over time. That is why employees are looking for ways to cut costs.
Accident Insurance
As a complement to short-term and long-term disability insurance, accident insurance provides both disability and health insurance. In fact, accident insurance can be a wonderful safety net if an accident ever occurs. Employee accidents are typically sudden and happen rapidly. As a result, the financial impact can be traumatic. As such, offering accident insurance can help to encourage all your employees to protect themselves and their families.
Bottom Line
Financial security is integral to the health and happiness of all your employees. In fact, when employees are satisfied with their finances, they can work hard and help grow your business. Providing your employees with the security and financial stability they need will ultimately help your business thrive.
Get Your Voluntary and Supplemental Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. With The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet the needs of all your employees. With over 17 years of experience, The MWE Partnerships is your one-stop shop for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, contact us today! Also, be sure to like our Facebook page, follow us on Twitter, LinkedIn, and Google+ for all the latest voluntary benefit news!