Newest, Hottest HR Trend, And It?s Affordable ? Voluntary Benefits!

Employees Want Them and More Employers are Offering Them – The Competition is Heating Up

According to benefit trends surveys by MetLife, The Hartford, Colonial Life, and LIMRA, as well as research executives within companies such as Transamerica, there are surprising numbers reflecting the building trends in our voluntary employee benefits market, see here:

• 5 in 10 employees believe voluntary benefits are “very” or “extremely” important


• 7 in 10 employers believe their employees don’t even want voluntary benefits at all


• Less than 1 in 10 employees will say they want voluntary benefits when asked by their employer, yet more than 6 in 10 employees get the voluntary benefits when just offered them by their employer


• More than 9 in 10 Americans would be forced to change their lifestyle if they lost a portion of their income for 3-6 months


• More than 1 in 2 employees say they are very worried about the gaps in medical insurance


• More than 6 in 10 Gen Y, Gen X, younger and older baby boomers understand they get a better deal, better education, a nd easier management of their voluntary coverage as a benefit than individually outside of the workplace


• More than 4 in 10 of younger to middle aged employees say a choice of benefits that meets their need is extremely important for creating loyalty


• Nearly 1 in 2 HR Managers and Benefits Administrators plan to add voluntary benefits


• 1 in 2 employers plan on increasing employees’ health insurance premiums, deductibles and/or copays


• Over 99 in 100 employers agree employees need guidance for benefits decisions


• 1 in 2 companies with at least 1,000 employees are interested in transitioning their existing benefits to voluntary benefits


• More than 1 in 2 US employers offer voluntary benefits right now


• Uncertainty in the economy, shoestring budgets, living paycheck to paycheck, bankruptcies, foreclosures, and debt problems are causing even voluntary legal services and voluntary tax services to skyrocket in popularity, with a combined influence of being offered in over 3 in 10 Fortune 500 companies thus far

How Long Do I Have?

The obviousness of the truth is here – voluntary employee benefits are leading the trend and the new question is, “How soon before I am losing top talent to my competitors because of their voluntary benefits?”

Extremely Affordable…Extremely

As Dori Molloy, Regional VP of Transamerica Worksite Marketing and Mike Fish, VP of The Group Benefits Division of The Hartford Financial Services Group agree in Voluntary Mandate an advertorial to Employee Benefit News, voluntary employee benefits are also great because they are affordable and for a small investment you can have coverage and value far in excess of what you would think its investment would likely command.

Because in the same way a dollar a day invested in a solid fund in the market can bring massive long term reward, voluntary benefits are the massive return-on-investment-product of the benefits market.

With many voluntary benefits, you get access to a group deal, a group rate that is exclusive to you as an employee, and other people who are not employees – regardless of their position in life or their connections – do not have access to! Period.

Your exclusive deal is basically equivalent getting goods at wholesale rather than retail, going to Costco and getting huge savings, or clearing the shelves to take advantage of limited time offers – as many of us are more than eager to do, aren’t we?

Again, all in all, the voluntary benefit is affordable, exclusive, and may possibly be one of the best investments you’ve ever made.

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Income Protection Atlanta is certainly a unique Atlanta insurance agency.  We were formed by an serendipitous meeting of the minds, and we are now acting as a single Atlanta insurance agent with a single visionary goal.  Through providing Georgia health benefits, FREE small business tax deductions, sales jobs in Atlanta, and using our care for Georgia growth and your word of mouth, we strive to provide more quality financial protection and employee benefits than any other insurance company in Atlanta.  Contact our team now for FREE voluntary employee benefits.