What are Employee Benefits?

Employee benefits are any form of compensation paid to employees over and above regular salary or wages. Employee benefits come in many forms and are an important part of the overall compensation package offered to employees.

Common employee benefits:

• Paid time off such as PTO, sick days, and vacation days
• Health insurance
• Life insurance
• Dental insurance
• Vision insurance
• Retirement benefits or accounts
• Healthcare spending or reimbursement accounts, such as HSAs, FSAs, and HRAs
• Long term disability insurance
• Short term disability insurance

What is the Value of Voluntary Benefits?

In this age of rising benefit expenses and tighter bottom lines, no one would blame employers for looking for ways to enhance their employee benefit menu at little or no cost. For many companies, voluntary benefits have fulfilled that role over the years. But organizations often fall short in conveying the value that these offerings add to the total rewards package.

Voluntary benefits are products—such as life, disability, critical-illness and accident insurance—offered through an employer but paid for partially or solely by workers through payroll deferral. The attraction of these benefits is that they can offer individual employees group rates that they would likely be unable to obtain on their own.

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If you would like more information about personalized employee benefit solutions, call us to schedule an appointment today (775) 425-3233.

ACS Business Insurance Services, Inc. is an independent insurance agency and has been in providing insurance solutions to employers and individuals for over 20 years.

We specialize in employer and employee benefit solutions, individual and family insurance options and retirement and income protection. We strive to maintain our reputation for excellent service, competitive insurance coverage and long term care for our clients.

A Reno Employee Benefits Agency