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."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.