Voluntary Benefits for the Multi-generational Workforce

T H E M U L T I - G E N E R A T I O N A L WO R K F O R C E

S O C I E T A L T R E N D S & V O L U N T A R Y B E N E F I T S

H OW T O L A U N C H A V O L U N T A R Y B E N E F I T S P R O G R A M

T H E R O L E O F T H E V O L U N T A R Y B E N E F I T S C O N S U L T A N T

other popular voluntary benefits

THE MULTI-GENERATIONAL SAFET Y NET

6 TRENDS IN VOLUNTARY BENEFIT PRODUCTS

We’ve learned that Voluntary Benefits are gaining in popularity as “gap fillers” that help employees cover some of their out-of-pocket financial exposure left by core medical and other health and welfare coverages. Voluntary Benefits can also include Medical, Dental, Vision and Prescription coverage in the form of discount programs as well as Individual Disability Insurance. As the employee benefits landscape continues to track societal trends, Voluntary Benefits will likely follow suit. For example, we’re seeing more businesses drop employer-paid Dental and Vision from their core benefits and offering these coverages as Voluntary solutions. Below is a sampling of other Voluntary options that can benefit multi-generational workforces:

OTHER POPULAR VOLUNTARY BENEFITS

ACCIDENT INSURANCE

CANCER PROTECTION

CRITICAL ILLNESS

DISCOUNT MEDICAL, DENTAL, VISION, PRESCRIPTION

EMPLOYEE CONVENIENCE/DISCOUNT PURCHASING

PERSONAL EXCESS LIABILIT Y UMBRELLA

GROUP LEGAL

ACCIDENT INSURANCE

CANCER PROTECTION

CRITICAL ILLNESS

DISCOUNT MEDICAL, DENTAL, VISION, PRESCRIPTION

EMPLOYEE CONVENIENCE/ DISCOUNT PURCHASING

PERSONAL EXCESS LIABILITY UMBRELLA

GROUP LEGAL

HOME/AUTO

HOSPITAL CONFINEMENT/MEDICAL BRIDGE

PET DISCOUNT CARE

VOLUNTARY DENTAL

VOLUNTARY SHORT-TERM DISABILIT Y & LONG-TERM DISABILIT Y

VOLUNTARY SUPPLEMENTAL LIFE

VOLUNTARY VISION

HOME/AUTO

HOSPITAL CONFINEMENT/ MEDICAL BRIDGE

PET DISCOUNT CARE

VOLUNTARY DENTAL

VOLUNTARY SHORT-TERM DISABILITY AND LONG-TERM DISABILITY

VOLUNTARY SUPPLEMENTAL LIFE

VOLUNTARY VISION

11