Workplace voluntary benefits boost company image, bottom line and employee morale

(ARA) - While the headlines draw attention to companies reducing benefits because of the state of the economy, some companies have found a way to actually add employee benefits without affecting their bottom line. How can your company offer workplace voluntary benefits, improve employee morale and boost your image?

Workplace voluntary benefits such as life, accidental death and dismemberment (AD&D), disability, accident and critical illness can be 100 percent employee-paid, allowing employers to expand their benefits without increasing their costs. Workplace voluntary benefits have the opportunity to reduce employers' payroll tax for each enrolled employee.

Employees benefit too since they enjoy the convenience of paying premiums through payroll deduction using pre-tax dollars. Plus, the products are available on simplified underwriting basis, with no medical exams. Additionally, many of the products are even available on a guarantee issue basis.

Workplace voluntary benefits continue to grow in popularity with more than half of employers now offering at least one voluntary benefit, according to the Eastbridge Consulting Group.

Employee benefits companies like Humana make it convenient for small or large employers to add workplace voluntary benefits. Humana provides solutions for all aspects related to these benefits, from benefit communication, enrollment, and top-notch administration.

Brokers can sell workplace voluntary benefits at any time - at renewal or during the middle of a plan year. Employers may even be eligible for premium discounts if they bundle multiple benefit plans with a single carrier such as Humana.

Humana is a financially stable Fortune 100 company with more than 40 years of experience and a portfolio of specialty benefits customized for each employer. Humana delivers a wide range of coverage for life, AD&D, dental, vision, disability, workplace voluntary benefits and medical stop-loss while providing seamless, personal service and competitive pricing.

Visit Humana.com/SpecialtyBenefits for more information on how your company can save money and offer a better benefits portfolio for your employees.

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