The Voluntary Benefits Industry is one of the fastest growing segments of the U.S insurance industry. Employers faced with economic and other challenges are cutting benefits and shifting costs to employees. Cost shifting will become even more prevalent starting in 2014 when the major parts of the Healthcare Reform law take effect.
The Certified Voluntary Benefits Provider® is a certification of excellence in voluntary benefits programs and voluntary benefits solutions. The objective of this certification program is to allow employers, insurance agents and benefits consultants to better evaluate what voluntary benefits programs and service providers they should work with, and which ones have the most attractive programs.
Employers are turning to corporate wellness programs to control, maintain and reduce their insurance costs, while at the same time provide meaningful benefits to their employees to help attract and retain a talented workforce.
Implementing a Voluntary Benefits program can be one of the most challenging obstacles for a company. With so many different types of voluntary benefits programs and solutions, it can be difficult for an employer or insurance agents to choose which benefits they will offer. For companies first starting a voluntary benefits program, it can be a crippling task to select and initiate which programs to begin with, especially since every corporate culture is different and therefore each a voluntary benefits program must be uniquely created for each company.
For employers with existing voluntary benefits programs in place, it can be an unyielding challenge to choose what type of voluntary benefits program to roll out next. In addition to selecting their next voluntary benefits program, employers have to determine their preference in technology and service providers for their new benefit offerings. Out of all the challenges for employers when implementing a voluntary benefits program, the most identifiable one is finding a reliable voluntary benefits provider.
The Certified Voluntary Benefits Provider™ requires companies applying to meet minimum standards and best practices to be transparent in their services and results. It is also designed to help organizations easily identify the best voluntary benefits companies that offer specific or unique types of voluntary benefits programs or solutions.
Benefits for Employers/Corporations working with a Certified Voluntary Benefits Provider®:
By requiring the voluntary benefits provider an employer works with to be a Certified Voluntary Benefits Provider, an employer is assured the provider has:
By becoming a Certified Voluntary Benefits Provider, you gain a competitive edge in the industry. The Certified Voluntary Benefit Program will:
|For more information please visit the Voluntary Benefits Association (VBA) www.VBAssociation.com or Email: info@Vbassociation.com Phone: 561.204.3676.|