Supplemental or voluntary benefits, such as accident insurance or critical illness coverage, have become an increasingly important part of traditional employer-sponsored health insurance programs due to increasing deductibles and out-of-pocket maximums for employees across all industries and income levels.
Organizations seek to provide employees with an affordable financial safety net that strategically aligns with their healthcare plan options. However, employers have expressed their frustration with these policies because of a lack of transparency regarding claims and expenses, which causes suspicion regarding the value being delivered.
A voluntary benefits captive allows you to reinvest in your employees by leveraging unused voluntary, employee premiums and reinvesting dollars back into your benefits. Click here to watch a short video to discover how you can revolutionize your total reward strategies with significant return-of-premium solutions.
HORAN brings precision intelligence allowing you to reinvest unused dollars from employee-funded benefits into your total rewards budget. We partner with BeneRe to power this benefit. BeneRe is a group captive insurance solution that HORAN is partnering with to provide their exclusive voluntary benefits captive which includes Accident, Critical Illness and Hospital Indemnity coverage.
Do you want to dig deeper? Click here for a more in-depth overview of a voluntary benefits captive or fill out the brief form below to be contacted by a HORAN representative with more information.