A robust economy continues to drive interest in voluntary benefits as part of an employer-sponsored health plan. In fact, according to LIMRA, employers are far more likely today to include a wider range of voluntary options than they were five years ago.
Other studies have indicated that 2015 will be a year of growth for voluntary products. LIMRA, which monitors voluntary benefits trends, said in a release that "employers strongly support voluntary benefits to supplement their benefits' menus."
It's really no longer a matter of whether most employers, especially larger ones, will offer voluntary benefits. Instead, the question is how wide the range of those offerings will be, LIMRA says in a report, "Stability in a Changing World: Voluntary Options Remain Deep-Rooted in Employer Benefit Strategies."
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
