Voluntary Benefits Solutions and Insurance Plans
Dental and vision insurance, as well as other voluntary benefits, are a convenient way to control health care costs while attracting and retaining key employees. Paychex Insurance Agency can help you determine which voluntary benefits best fit the needs of your employees and your business.
What Voluntary Benefit Insurances Are Available Through Paychex Insurance Agency?
Group Dental Plans
Paychex Insurance Agency works with carriers across the country to offer dental plans that can help your employees save on dental healthcare costs.
Group Vision Plans
Add a voluntary vision plan to your company’s employee benefits package to help cover optometrist visits as well as glasses, contact lenses, and qualified over-the-counter vision care expenses.
Employee Accidental Death and Dismemberment Plans
In the event of the unthinkable, it’s important to have coverage that protects our employees and their families so that money doesn’t become another burden on those affected.
Short- and Long-term Disability Plans
Help employees cover care for short-term and long-term disability, whether they or a dependent on their health care plan requires disability care.
Life Insurance
Life insurance pays a benefit to an employee’s beneficiary if the employee dies. This can help ease the financial burden for the employee’s dependents, including paying taxes.
Employees Can Customize Voluntary Benefits
Top-notch voluntary benefits will give employees another reason to stay
In a crowded job market, voluntary benefits can be an effective way to show employees they’re valued and to enhance their compensation.
What Sets Our Voluntary Insurance Plans Apart?
Our voluntary insurance plans seamlessly integrate with our payroll technology, Paychex Flex® allowing for a smooth transfer of data between payroll and benefits. We make plan management simple, allowing you to automatically deduct premiums from Paychex payroll with a single employee record.
Other Products to Consider
In addition to voluntary insurance, Paychex offers a wide range of solutions designed to help simplify your complex business needs.
Frequently Asked Questions
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What are voluntary benefits?
What are voluntary benefits?
Voluntary benefits are additional insurance offerings that employees can choose to add to their workplace benefits package. Typically, voluntary benefits are funded by the employee.
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Why are voluntary benefits important?
Why are voluntary benefits important?
Voluntary benefits allow employers to offer benefits that help attract employees without the added cost to the business and they can reduce your tax bill.
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What are some examples of voluntary benefits?
What are some examples of voluntary benefits?
A voluntary benefits program can include some or all of the following coverage types:
- Short- and long-term disability insurance: This insurance can replace part of an employee’s income for several weeks or months in the event of an injury or disability that prevents them from resuming normal work duties
- Life insurance: Provides a large financial payout to a named beneficiary upon the death of the insured.
- Dental and vision insurance: Two of the most popular options, these benefits provide coverage for common preventative care issues.
- Hospital indemnity and critical illness: Protects against large financial burdens due to costly medical diagnoses or treatments.
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Can voluntary benefits be pre-tax?
Can voluntary benefits be pre-tax?
Some voluntary benefits may be set up to deduct premiums from an employees’ paycheck before taxes are taken out – in other words, pretax. This provides the benefit of effectively reducing the employee’s pay and saving them on federal and state taxes.