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Mercer Marsh Benefits

Voluntary benefits

Offering a diverse range of benefits, while keeping costs and administrative burdens under control, can help differentiate your employee value proposition and provide the benefits flexibility employees are seeking.

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Transform your employees’ health and benefits experience

Striking a balance between benefits cost containment and enhanced coverage continues to be a top priority for employers as they navigate a competitive talent marketplace. Voluntary employee benefits programs allow organizations to add enhanced coverage without additional cost.

Globally, 59% of employees say that the benefits offered by their employers meet their needs, according to Mercer Marsh Benefit’s Health on Demand 2023 report.

As a result, voluntary benefits have become a great differentiator for organizations looking to strengthen their competitiveness and create a sustainable employee benefits value proposition. This is especially important given how multigenerational, diverse, and global workforces are today.

For employers, it’s an easy way to enhance benefits program without unduly stretching their administrative burden. For employees, their workplace is acknowledging their lifestyle and life cycle needs and giving them the flexibility to tailor their benefits.

Program enhancements that can be offered on a voluntary basis include:

  • Higher medical, life, travel, and/or accident coverage for employees and dependents.
  • Plans that cover various out-of-pocket expenses, such as outpatient services.
  • Buying plans that cover risks like auto and/or home.

Talent attraction, retention, and engagement is increasingly critical for firms. Voluntary programs offering a choice of benefits that address changing workforce needs can assist you with becoming an employer of choice.

MMB can help you

Mercer Marsh Benefits can help employers create voluntary employee benefits programs that address three important objectives: market competitiveness, changing lifestyles and well-being priorities, and choice. We can work with you to develop a cost-effective program in the following ways:

  • Plan design
  • Employee communication
  • Call center support
  • Brokerage and benefits management
  • Payroll deduction
  • Program oversight

Report

Health on demand: Benefits for all

The secret to thriving employees and thriving businesses. Our research study looks at the views of over 17,000 employees across the globe as greater demand for benefits that meet real employee needs is driving a shift towards digital well-being and self-care.

 

Download the report

$16bn

global premium volumes placed annually

>500K

risk placement transactions completed annually

95%

business retention rate year-over-year

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Learn how we can support you in creating a voluntary benefits program that meets the needs of your diverse workforce.

Speak with one of our team today.

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