Voluntary benefits are more important than ever. Now a mainstream part of a comprehensive benefits package, the value helps deliver direct savings to employees, mitigate financial risk, and provide choice and flexibility for your entire employee population.
Nearly 90% of employers are leveraging voluntary benefits as part of their overall strategy.
Reduce employee financial exposure
60% are living paycheck to paycheck1 with nearly half (48%) unable to cover an out-of-pocket expense of more than $1,000.
Provide customization and choice
60% of employees want a wider array of non-medical benefits available to purchase.
Aid in talent retention and acquisition
73% say benefits customized to meet their needs increases loyalty.
Simplify administration
Bundling voluntary benefits with existing Medical, Life and Disability carriers provides direct cost savings, rate guarantees and simplified administration.
Mercer Voluntary Benefits is ideally suited to partner and grow with your company as you continue to enhance your investment in your employees. For more than 85 years, we have refined the art of program administration, identified the critical features of success, achieved exceptional program participation and supported clients with superior service. Our market leading specialty expertise makes it easy to design and deliver a successful voluntary program that aligns with your benefits strategy and delivers value to your employees.
You should expect more from your voluntary benefits broker. Our unique solution bundles brokerage and consulting expertise with in-house administration capabilities — maximizing the value to your company and employees. Our existing infrastructure, robust experience, strong insurer relationships and commitment to quality come together to deliver a full-service administration solution above that of a traditional broker. With customized product designs, access to best-in-class insurers and engaging communications, our experience and talent will support you long-term with the tools critical for success.
Health Risk Protection: softens the financial impact of health-related events
Financial Protection: addresses common financial risks
Overall wellbeing: delivers savings and/or financial assistance
Through our comparative website, employees can easily design and compare auto plans and carriers to select the best coverage. We provide real-time, side-by-side quotes from top US carriers. A simplified experience for your employees includes a carrier-neutral contact center supported by licensed benefits counselors, consolidated billing, and flexible communications to educate and guide employees. Employees save an average of $789 in the first year.
Learn more about how Mercer can help create your customized voluntary benefit solution for your business.
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