Voluntary benefits help to augment traditional group health for your employees and gives them a much needed financial safety net in today’s costly healthcare landscape.
Sometimes referred to as worksite benefits, voluntary benefits are additional insurance products, plans or programs which an employee can purchase through their employer, through pre-taxed payroll deductions, at a discounted group rate, to augment their employer-paid benefits. Voluntary benefits are easy to administer with little or no cost to the employer. While these additional benefits are paid for by the employee, employers are often surprised by how much their employees appreciate them.
Surveys consistently show that employees who have access to voluntary benefits experience higher job satisfaction and an overall sense of well-being.
Voluntary Benefits
Employees can pick and choose from a wide range of the popular voluntary benefits. Click the toggles below for more information.
Dental & Vision Plans
Employees always appreciate both dental & vision coverage as part of their Employee Benefits Package. Q.S.R. Insurance Agency, Inc. offers individual, group or voluntary Dental and Vision Plans through many of our major insurance carriers. Accordingly, you will find detailed information on the benefits of Dental and Vision plans.
Dental Plans
Studies have shown that regular dental exams help employees to stay healthier and more productive in the work place. Additionally, you can detect serious underlying conditions such as heart disease and diabetes, through regular dental exams. In fact, the National Association of Dental Plans and the Centers for Disease Control have performed studies that show that employees with dental insurance have better attitudes and are less likely to suffer from depression, a common condition in today’s fast-paced world.
Dental insurance offers a variety of diagnostic, preventative care and corrective services. This includes cleanings, exams, x-rays, fillings, root canals, orthodontia for children, and emergency care while traveling.
Vision Plans
Similar to dental policies, vision plans are inexpensive and save employees money on routine eye care. Examples of care include exams, eyeglass frames and lenses, contacts, and even discounts on procedures like LASIK. Also, monitoring your eye health with regular exams helps to prevent serious eye diseases like glaucoma and cataracts. In addition, regular eye exams help to detect early stages of diabetes, high blood pressure, and high cholesterol.
Term Life Insurance
This type of life insurance does not build cash value. However, it will pay a set amount to the named beneficiary upon the death of insured within the stated term. Additionally, some policies may also make payments upon terminal or critical illness.
Disability Insurance
National surveys have shown that Short Term Disability and Long Term Disability remain of high importance for most employees. Thus, savvy employers attract and retain top talent by offering both STD and LTD insurance as part of the employer paid benefit package or as a voluntary (worksite) benefit.
Here’s how Disability plans typically work.
Short Term Disability
During the time an employee is unable to work due to a qualifying disability (illness or injury), STD generally allows for income payments to the employee to begin after about a two-week waiting period and will continue to pay the employee until he/she recovers or maxes out the benefits–usually anywhere between one month to two years, depending on the policy.
Long Term Disability
During the time an employee is unable to work due to a qualifying disability (illness or injury), LTD generally allows for income payments to the employee to begin after about a 90-day waiting period. However, it could be much longer depending on the policy. The policy will pay the employee far longer than STD–for a few years, up to age 65, or even for life.
Accident Insurance
Accidents can happen anytime. Thus, Accident insurance helps to protect employees from financial hardship due to a great deal of medical and out-of-pocket expenses that follow accidental injuries. For example, emergency treatment, hospital stays, medical exams, transportation and lodging needs are just a few of the expenses that accident insurance can help cover. In fact, some policies can even pay benefits in as little as one day, based on time of claim submission.
Critical Care
Surviving critical illnesses is becoming increasingly common with the advances in modern medical technology. This special type of coverage can help reduce the personal financial impact of the cost of fighting the disease. Additionally, it will help keep up with everyday bills through that process.
Some key features:
- If you have a health insurance plan and/or disability insurance, a Critical Illness Plan will provide benefits in addition to your other coverage.
- Lump-sum cash benefit paid directly to you.
- You decide how best to spend your payment.
- No network restrictions.
- Benefit level choices to fit your needs and budget.
- Simple plan options for your needs and budget.
Hospital Indemnity Plans
Unlike a traditional major medical plan that reimburses you or pays directly to a provider for approved hospital stays and medical care, a Hospital Indemnity Plan pays a lump-sum payment directly to the insured. The cash payment helps with out-of-pocket expenses and covers your employees when they are off work due to a hospital stay. The coverage is usually a set amount per day, per week, per month, or per visit depending on the benefit level selected.
Employee Assistance Programs
Through our partner, the Holman Group, we offer Holman’ s Employee Assistance Program (EAP). Benefits include confidential assessment, referral and counseling services to employees and their eligible dependents at no cost to them. Assistance is available 24 hours a day, 7 days a week, through our nationwide 800 number.
Integrated with one of our other programs, or offered as a stand-alone plan, our EAP focuses on early intervention to guide individuals toward effective solutions with problems or conflicts affecting personal and work life.
The Holman’ s EAP trains supervisors to recognize a troubled employee and assist them in handling the employee in an appropriate manner as well as getting the employee the help they need. In addition to increased productivity, EAPs reduce absenteeism, improve morale and decrease secondary medical costs.
Our Program Includes:
- Free Face-to-Face EAP visits (3, 5, 6, 8, 10, 20, 30 visits are available)
- Toll Free Nationwide 800 Number 24-hours, 7 Days a Week
- Crisis Line & Crisis Intervention
- Multilingual Interpreter Services in as many as 144 languages
- Promotional Materials (to encourage use of services by employees & their dependents)
- Community Resource Referrals (for financial, child care & elder care issues; our legal referrals include up to an hour free consultation)
- Customized Management Seminars, Employee Wellness Seminars & CISD Seminars
Holman Carve-Out & ASO (Administrative Services Only)
Holman’ s Behavioral Health Care Plan provides mental health/chemical dependency services encompassing the full continuum of care. Following are the key features:
- Employee Assistance Program & Early Intervention
- Communication, Development & Education
- Seasoned National Provider Network (25,000 providers in all 50 states, Puerto Rico & Canada)
- Full Continuum of Treatment Options
- Care Management (All inpatient & outpatient treatment)
- Client-Responsive Account Management
Our Behavioral Health Care Plans further reduce costs by decreasing secondary medical issues, which result from unsolved psychological/chemical dependency issues. ASO services include: initial assessment, pre-authorization, concurrent and retrospective utilization review, care management, discharge planning, bill review and repricing.
The Holman Group
The Holman Group, an innovator in the Behavioral Health Care Industry, manages care for over half a million people nationwide. Founded in 1979, The Holman Group continues to be a privately held company created by clinicians who wanted a better treatment philosophy that helps clients contain cost and increase the level of service being provided to their employees and dependents, while at the same time ensuring the employee’ s confidentiality.
In 1985, we were granted a Knox-Keene License by the Department of Corporations, allowing us to bear the risk for mental health care. By taking risk we put ourselves on the line to deliver first-rate treatment. We offer a full range of employee assistance programs (EAPs), care management and utilization management services. The Holman Group’ s clients’ are provided quality care through our nationwide network of over 25,000 credentialed therapists and facilities. Please visit our website at www.holmangroup.com for more information.