Voluntary Benefits

Voluntary Benefits Flexible Options for Employees

Choice Beyond Core Benefits

Voluntary benefits let employees add extra protection beyond health and retirement plans. Options include life, disability, accident, critical illness, pet insurance, legal services, financial counseling, and more — usually payroll-deducted at discounted group rates.

These benefits close gaps in traditional coverage, support financial wellness, and help attract and retain talent in a competitive market.

Benefit Allowance – The Smart Alternative

Instead of choosing benefits for everyone, employers can set a monthly allowance — for example $25, $50, $100, or $200 — as a “bank” for employees. Each employee then selects the voluntary benefits that fit their needs best.

This approach keeps costs predictable for employers while giving employees flexibility and ownership in their benefit choices.

Examples of Popular Options

• Accident and critical illness insurance
• Supplemental life insurance (term or whole)
• Pet insurance, travel coverage, and legal plans
• Wellness perks, financial counseling, or student loan assistance

Why Employees Appreciate a Benefit Allowance

• Personalized: Employees choose benefits that actually matter to them.
• Cost-controlled: Employers set the allowance amount — spend is fixed and predictable.
• Engaging: Employees feel valued when they can customize their package.

At 360BenefitsGroup, we handle everything — from shopping carriers to onboarding, payroll deduction setup, and employee support. Our bilingual professionals educate employees, walk them through their options, and capture their elections to make the process seamless.