The Advantages of Providing Voluntary Benefits as a Small Business

malden solutions voluntary benefits

Voluntary benefits are customizable, which benefits both employers and employees.

As a small business, working on your employees’ health insurance can feel overwhelming while competing with more giant corporations. With numerous overhead expenses for small companies, offering benefits to potential and current employees may be costly. If you desire to recruit and keep high-quality talent within your company pool, you can have less oversized pockets. Instead, you may choose to offer voluntary benefits to seal the deal.

Meaning of Voluntary Benefits

Voluntary benefits may help close a gap between employer and employee’s financial burden for medical cost and insurance coverage. Fortunately, Malden Solutions provides several insurance offerings, including critical indemnity and accident insurance. Also, voluntary benefits can possibly open your business to receive federal tax breaks. In addition, our insurance consulting company offers voluntary life insurance packages, allowing employees to choose which packages they decide whether or not they want to forgo coverage entirely.

Why Voluntary Benefits?

Since voluntary benefits are voluntary, your staff can hand-pick the benefits they want. As a result, this saves money for small companies and their employees since employers don’t have to take on extra financing costs such as traditional insurance and benefits plan. Besides this financial benefit, employees select which health benefits they desire. This gives them control over their health insurance costs.

Moreover, voluntary benefits are customizable, which benefits both employers and employees. Since they are versatile, they may be a compelling solution for many company types. For instance, employees can fill in gaps in their current insurance coverage. They may choose their desired policies without seeking out an insurance company.

What are the Types of Voluntary Benefits?

Malden Solutions offers various voluntary benefits for small companies and their staff to consider. Our benefits catalog includes accident insurance, critical illness insurance, hospital indemnity insurance, telemedicine, dental, vision, and even disability offerings. Visit our website and contact Malden Solutions for a voluntary benefit consultation today!

Find the Right Health Insurance Solutions for Your Needs

Malden Solutions has a wealth of expertise in providing employer insurance solutions, HR solutions, and individual insurance solutions to businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly-changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us on Twitter, Facebook, and Linkedin.

This entry was posted on Tuesday, December 19th, 2023 at 12:05 pm. Both comments and pings are currently closed.