Among employers surveyed by Prudential in August and September 2013, 40 percent
said voluntary benefits allow them to maintain the competitiveness of their benefits program while adding little or no cost.
Not exact matches
In a 2014 study conducted by LIMRA, seven in 10 employers surveyed
said they offer
voluntary benefits to improve morale for existing employees and to attract new talent.
Among employees surveyed by Prudential, 60 percent
said employer - provided
voluntary benefits typically cost less than those purchased elsewhere.
«In advance of this data, my assumption was always that the average U.S. employee selected healthcare like the non-educated American picks wine — just by price,»
says Jeff Oldham, vice president of Benefitfocus's Benefitstore unit, which specializes in
voluntary benefits (e.g. coverage for things like critical illness, hospital indemnity, and accidents).
«We saw a good new number of new clients come on board from a
voluntary benefit standpoint as well as a strong re-enrollment activity with existing clients,» Mike Simonds, CEO of Unum US,
said in a call with analysts.
Coles
said supplier participation in the ARC program was at all times
voluntary and that it consulted with smaller suppliers about the value of expected
benefits from the program.
Increasing sanctions on jobseekers and forcing some to do
voluntary work to qualify for
benefits is unfair, the union
says.
However, the commission's order
says «its pleadings raise the question on how to treat new
voluntary arrangements to purchase incremental existing renewable resources that do not qualify... but can provide long lasting
benefit to New York.»
The
benefits to your mood occur whether the exercise is
voluntary or forced, so even if you feel you have to exercise,
say for health reasons, there's a good chance you'll still
benefit.
Sorenson stressed that the proposal would be
voluntary for employers, employees and those already retired and receiving
benefits, although he
said the size of the majority that would constitute consent on the part of employees and retirees has yet to be determined.
CAISO recently
said the
voluntary expansion of the EIM has generated nearly $ 19 million in gross
benefits in the first three months of 2016.
In the
voluntary world, you offer a
benefit just to
say that you do.
Chidambaram
said the insurance sector needs to quickly move to the digitization from the
voluntary to the mandatory phase as this initiative entails multiple
benefits both at the customer end and the insurer end.
Liles
says more than 5,500 employers and associations in the U.S. offer pet insurance from Nationwide as a
voluntary benefit.