Voluntary Insurance for Your Group
We can help you enrich your core benefits package with voluntary insurance plans for your employees.
What is voluntary insurance?
Insurance Tip
If you’re not sure which voluntary benefits would best supplement your core benefit offering, consider giving your employees a brief, confidential survey to find out which voluntary benefits they most need and value.
Voluntary insurance is group coverage offered by employers but elected and paid for by employees. Voluntary plans are typically offered in addition to core benefits that are paid for, at least in part, by the employer.
An employer may choose to offer voluntary benefits for one or more of the following coverage types, including:
- Life
- Dental
- Critical illness
- Vision
- Disability
- Long-term care
Voluntary benefits may help your medical practice by:
- Lowering overall insurance costs.
- Enabling the practice to offer a benefits package robust enough to compete for the best employees.
- Providing tax advantages. Check with your tax advisor for more specific tax implications of offering voluntary benefits.
Voluntary benefits may help your employees by:
- Offering access to lower cost plans and simpler underwriting rules than they would find shopping for comparable individual insurance coverage.
- Providing access to some plans that offer guaranteed enrollment.
- Giving current employees a way to affordably fill gaps left by cutbacks to core benefits.
TMAIT can assist you as you determine whether or not voluntary benefits are right for your practice, and which plans would add the most value to your core benefits package.
TMAIT has Trust products designed exclusively for TMA member physicians.
TMAIT has featured Trust Life and Long-term Disability Plans that can be offered as voluntary benefits. A TMAIT Advisor can help you determine whether these plans are right for your group.
TMAIT Advisors can shop the open market for you.
Our Advisors can present a range of options from reputable insurance carriers. We do the legwork. Your group gets the voluntary plans that best suit the needs of your group.
Contact a TMAIT Advisor
To discuss voluntary insurance, and which voluntary coverage options would be right for your practice, call or e-mail a TMAIT Advisor today.
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Life insurance
Life insurance is often part of a core employee benefits package. But some medical practices offer it as a voluntary benefit to help keep costs down. Learn about life insurance
Long-term care insurance
Long-term care insurance can help your employees if they need assistance with everyday living in their golden years or after an injury or illness. You may want to consider adding it to your benefits package as voluntary coverage. Learn about long-term care insurance