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Employers Look to Digital Tools to Help Administer Voluntary Benefits & Lower Costs

By LIMRA on Apr 25, 2022 1:10:00 PM

Healthcare costs have been on the rise over the past decade. In response, some employers have scaled back on their health insurance offerings, at times leaving gaps in coverage. As a result, the voluntary benefits market, where employees pay the premiums, has become more popular among employers.

These voluntary benefits programs, however, have underlying costs to employers, including those related to implementation and administration. Digital tools can help employers reduce these costs by simplifying operations and improving efficiency.

Topics: Health Care Benefits Group & Employee Benefits Voluntary Benefits Research/Trends Insurance