Voluntary Benefits provide employees with added financial security and empowers them to make benefits decisions based on their personal preferences and circumstances.
Even though belts have tightened and budgets are stretched, employers must always work to attract and retain good employees – ideally in a cost-effective way. An appropriate set of voluntary benefits can help.
At Pacific Resources, we recognize that the world of voluntary benefits is evolving. Historically, voluntary benefits have been expensive for employees, they placed administrative burdens on employers, policies were offered on an individual basis, and reporting & reviews were spotty. Voluntary benefits deserve a second look in today's consumer-driven benefits landscape, where we see new group carriers in the marketplace, emerging technology and group platform and underwriting.
Pacific Resources helps large employers build valuable Voluntary Benefits plans for employees, while also lowering costs. We have found that many of the benefits that employees value can come at a low cost – or no cost – to employers.
Our approach is to eliminate the impediments inherent in voluntary benefits programs, including complex individual enrollment procedures, high commissions and administrative burdens.
PacRes has a long history of putting our clients first. We don’t sell insurance products; rather, we consult with clients and act as an independent and trusted benefits advisor.
Our experts, who have a wealth of knowledge and experience in the Voluntary Benefits arena, help clients design innovative employee benefit solutions that align with their long-term organizational goals.
"For the past 12 years, Pacific Resources has partnered with us every step of the way. They have consistently focused on our company’s and our employees’ best interests. They listen to our needs and offer creative cost-effective solutions to address them."
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68% agree that voluntary supplemental benefits are important for helping them manage healthcare costs while 66% said that voluntary benefits help them feel more financially secure.
Audit of Retailer’s Critical Illness Plan Results in 61% Rate Reduction
Replaced a cancer-only individual plan offering limited options with a critical illness plan that provided coverage options and benefits aligned with the client’s health and welfare strategy.