Voluntary benefits are as much about providing additional financial protection to employees as they are about providing employers with a cost effective way to enhance their benefits portfolios.
"6 in 10 Americans are unprepared for a financial emergency, and only 50% say their households are financially secure. 55% spend as much or more than they make each month, and more than half (56%) report worrying about their finances."
-The Pew Charitable Trusts, “American's Financial Security” – March, 2015
Marsh & McLennan Agency Voluntary Benefits Practice merges the best attributes of consulting and brokerage skills to help employers evaluate and make optimal selections in the voluntary benefit space. We assist our clients to make informed and strategic decisions on product choice, vendor selection, enrollment methods, communication solutions, and program costs.
We believe that employer decisions on voluntary plans should not and cannot be effectively made using a plan comparison spreadsheet alone. Before we make any recommendations, Marsh & McLennan Agency takes the time to understand our client’s goals, employee demographic, existing health and welfare programs, and internal benefits administration capabilities. Our recommendations are based on what the employer and selected vendors can effectively manage, with the goal being to create a sustainable plan which provides valuable benefits for employees.