What is Voluntary Benefits?

Whether you're a beginner or an expert, you will find this Glossary useful.

Voluntary benefits refers to products/benefits paid at a lesser rate by the employees most often through payroll deductions where the employer pays for the costs of benefit administration.

Voluntary benefits definition

Voluntary benefits refers to products/benefits paid at a lesser rate by the employees most often through payroll deductions where the employer pays for the costs of benefit administration.

Voluntary benefits are a great incentives for employees to stay within a company and it provides the oppurtunity for compan to decrease their payroll taxes.

Voluntary benefits examples

• life insurance

• dental

• vision

• disability income

• car insurance

• long-term care coverage

• medical supplement plans

• homeowners insurance



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