Why should your company offer Voluntary Benefits?

 

60%+

 

of employees are living paycheck-to-paycheck1

 

46%

 

of employees would not be able to cover an out-of-pocket expense of more than $1,0001

 

72%

 

of employees say having benefit choices to meet their needs would increase loyalty to their employer2

 

60%

 

of employees are interested in receiving a wider array of non-medical benefits to purchase on their own3

 

90%

 

of employers are leveraging voluntary benefits as part of their overall benefits strategy4


1Aflac WorkForces Report, 2021–2022

2MetLife’s Employee Benefits Trend Study, 2020

3MetLife’s Employee Benefit Trend Study, 2021

4Mercer’s National Survey of Employer-Sponsored Health Plans, 2021 (National 500+)



Responding to employee needs:

 

Explore how employers can support emerging themes with voluntary benefits

 

support

Supporting employees as their needs evolve

  • Address diverse needs and expectations to support multi generational preferences and facets of diversity, equity and inclusion
  • Inspire and attract talent with a holistic benefit strategy
  • Adapt to the new shape of work, meeting employees where they are

unlock

Unlocking healthcare value for employers and employees

  • Mitigate financial risk for unexpected medical expenses
  • Expanded carrier market, blurring the lines of traditional healthcare and voluntary benefit solutions

business

Engaging benefits to support business resiliency

  • Provide transparency and flexibility
  • Support cost-containment strategies
  • Complex compliance landscape

Why choose Mercer for Voluntary Benefits?


Simple, Scalable, Strategic

Mercer Voluntary Benefits is ideally suited to partner and grow with your company as you continue to enhance your investment in your employees. For more than 85 years, we have refined the art of program administration, identified the critical features of success, achieved exceptional program participation and supported clients with superior service. Our market leading specialty expertise makes it easy to design and deliver a successful voluntary program that aligns with your benefits strategy and delivers value to your employees.

 

  • 450 Voluntary Benefits dedicated colleagues
  • $1 billion premium managed with 90+ carrier partners
  • 1,400 voluntary benefit clients ranging in size from 100 lives to more than 300,000 lives 
    • 21 industries
    • 8.7+ million employees

You should expect more from your voluntary benefits broker. Our unique solution bundles brokerage and consulting expertise with in-house administration capabilities — maximizing the value to your company and employees. Our existing infrastructure, robust experience, strong insurer relationships and commitment to quality come together to deliver a full-service administration solution above that of a traditional broker. With customized product designs, access to best-in-class insurers and engaging communications, our experience and talent will support you long-term with the tools critical for success.



Mercer’s proprietary Auto/Home CHOICE solution: $750+ savings

 

Through our comparative website, employees can easily design and compare auto plans and carriers to select the best coverage. We provide real-time, side-by-side quotes from top US carriers. A simplified experience for your employees includes a carrier-neutral contact center supported by licensed benefits counselors, consolidated billing, and flexible communications to educate and guide employees. Employees save an average of $750+ in the first year.


$750+ saved on average through our Auto CHOICE program

 

Source:  Savings are not guaranteed for all employees. The $750+ one-year average reported savings is based on employees who reported their prior premium, and through Mercer Voluntary Benefits, switched to several carriers’ auto insurance programs from 1/1/21–1/1/22.


Let's Get Started

Learn more about how Mercer can help create your customized voluntary benefit solution for your business.

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