Voluntary Supplemental Products
Offering voluntary supplemental products has become a way for many companies to stay ahead of today’s insurance needs. Some companies have had to consider lowering costs by cutting some employee medical coverage options because of how expensive they have become.
One way to off-set this is to look for alternative solutions. Voluntary Supplemental Products can also be referred to as Worksite Marketing Products. These are additional benefits that the employer can offer to the employee, in which there is a discount but the employee pays 100% of the cost.
Why is it called Voluntary Supplemental Product?
It’s called voluntary supplemental products, because the employee can decide if they want to participate or not. This has become a great way for employers in the St. Louis and Kirkwood area to maintain employee satisfaction and recruit potential future quality employees.
A few of the Voluntary Supplemental Products available as options are:
- Accident Insurance
- Hospital Indemnity
- Critical Illness Insurance
- Cancer Insurance
- Disability Income
These are all additional benefit options that can meet individual employee needs. Many times the employee can also choose to have premiums paid through payroll deduction.
Why contact Stream Benefits Group Insurance for your company's voluntary supplemental insurance?
Please contact Stream Benefits Group to learn more about how voluntary supplemental products can benefit your company. We will help you put together a product portfolio and enhanced benefit package to fit your specific needs.