The cost to offer employees an affordable health plan continues to climb. Employers are looking for ways to offset high dollar deductibles and premiums, while continuing to offer a robust benefits package. ExpressLink has a benefits specialist focused solely on the development and service of Worksite Benefits, also known as voluntary benefits, for your clients. We’re dedicated to helping our brokers provide their clients with robust, affordable benefits offerings that position them as an employer of choice.
Benefits of Offering Worksite Products For ExpressLink Brokers:
Additional Revenue: Brokers can earn commissions or fees for enrolling employees in worksite benefit plans, which can contribute to their overall earnings and profitability. Expanded Product Portfolio: Providing worksite benefits allows brokers to expand their product portfolio and offer a wider range of insurance solutions to their clients. This can help brokers meet the diverse needs of their clients and position themselves as comprehensive solution providers, which can enhance their competitive advantage. Strengthened Client Relationships: By providing additional value-added services and being a trusted advisor for worksite benefits, brokers can strengthen their relationships with their employer clients. This can lead to increased client loyalty, repeat business, and potential referrals, helping brokers build their reputation and grow their business.
For Your Clients:
Enhanced Employee Recruitment and Retention: Worksite benefits can be used as a tool for attracting and retaining top talent. By offering a comprehensive benefits package that includes worksite benefits, employers can differentiate themselves in the job market and become more attractive to potential employees. This can help improve employee recruitment and retention, leading to a more stable and engaged workforce.
Cost Savings: Many worksite benefits are employee-paid, which means that employers do not bear the full cost of these benefits. This can help employers manage their benefit costs and budget more effectively. Additionally, worksite benefits are often offered through group purchasing arrangements, which can result in cost savings due to economies of scale.
Increased Employee Satisfaction and Engagement: Worksite benefits can contribute to increased employee satisfaction and engagement. When employees have access to a variety of voluntary benefits that meet their needs, it can improve their overall job satisfaction and sense of well-being. This can lead to higher levels of employee engagement, productivity, and loyalty, which can benefit employers by reducing turnover and enhancing workplace morale.
Customization and Flexibility: Worksite benefits allow employers to offer a wide range of benefits that can be tailored to the needs and preferences of their employees. This flexibility allows employers to customize their benefits package to align with their workforce demographics and meet the diverse needs of their employees. This customization can help create a more inclusive and supportive work environment, where employees feel valued.
For Your Clients’ Employees:
Access to Additional Benefits: Worksite benefits provide employees with access to a broader range of benefits beyond their core benefits, such as health or retirement plans. These additional benefits can include options like supplemental life insurance, disability insurance, critical illness insurance, and accident insurance, among others. This can help employees protect themselves and their families against unexpected events and financial challenges.
Convenience and Ease of Enrollment: Worksite benefits are typically offered through convenient payroll deduction, making it easy for employees to enroll and manage their benefits. Employees can choose the benefits that best suit their needs and enroll directly through their employer, often without the need for medical underwriting or complex enrollment processes. This can simplify the benefits enrollment process for employees and save them time and effort.
Portability and Continuity: Many worksite benefits are portable, which means that employees can retain their coverage even if they change jobs or leave their current employer. This can provide employees with continuity of coverage and financial protection, giving them peace of mind and flexibility in managing their benefits throughout their careers.
- critical illness
- short- and long-term disability
… and more!