Voluntary Benefits
Bethany Beach, Cambridge, Easton, Federalsburg, Nottingham, Ocean City
Strengthen your benefits package with voluntary coverage options employees can choose based on their needs, budget, and stage of life.
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Please note: coverage cannot be bound or altered online. A service representative will need to contact you to finalize your request.
What You Need to Know About Voluntary Benefits
Voluntary benefits give employees more control over how they protect themselves and their families. These plans can help fill financial gaps that health insurance or employer-paid benefits may not fully address, while giving businesses a flexible way to enhance their overall benefits offering.
We offer access to a variety of insurance company options with different coverage levels, plan designs, and pricing. Our licensed agents can help you understand what is available and compare options that align with your goals.
Coverage Options to Consider
Group voluntary benefits may include:
- Life insurance: Provides financial support to a beneficiary after the insured person’s death.
- Short-term disability insurance: Helps replace a portion of income during a temporary disability, illness, or recovery period.
- Long-term disability insurance: Provides income protection for longer-lasting disabilities that may keep someone from working.
- Accident insurance: Helps with certain out-of-pocket costs after a covered accident.
- Critical illness insurance: Provides a lump-sum benefit after a covered diagnosis, such as cancer, heart attack, or stroke, depending on the policy.
Why Offer Group Voluntary Benefits?
For employers, voluntary benefits can add value without requiring the same cost commitment as employer-paid coverage. For employees, these benefits offer choice and added financial protection.
Potential advantages include:
- More options for employees with different family, health, and financial needs
- Convenient payroll deduction
- Access to group pricing, when available
- Support for employee recruitment and retention
- Flexibility to build a more complete benefits package
Plan Structures and Funding Options
Depending on your business needs, group voluntary benefits may be available alongside fully insured or partially self-insured benefit strategies. Some employers may also consider an ICHRA, or Individual Coverage Health Reimbursement Arrangement, as part of a broader employee benefits approach.
The right structure depends on factors such as budget, workforce size, employee needs, eligibility rules, and administrative requirements.
Get Help Comparing Your Options
Choosing voluntary benefits involves more than comparing prices. Coverage limits, exclusions, waiting periods, portability, participation requirements, and insurance company options all matter.
Our licensed agents can walk you through the details and help you evaluate available options for your team. We are licensed in Maryland, Delaware, and Virginia.
