Thursday, January 22, 2015

Why voluntary benefits aren’t voluntary if your firm wants to compete

By Jared Bilski



Obamacare has made healthcare coverage more accessible than ever. As a result,  traditional healthcare plans — even the most generous plans — won’t be enough to attract and retain top talent much longer.

So if you really want to set yourself apart from the competition, a solid offering of voluntary benefits will soon be a must – if it isn’t already.

Closing the gaps

Why are voluntary benefits — particularly voluntary medical benefits so important? Because they’ve expanded to fill virtually any gap that occurs between what employees’ traditional health plan covers — and the types of medical situations that can take place.

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