FAQ’s on Voluntary Benefits

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Frequently Asked Questions

Got a question about voluntary benefits? Here are some frequently asked questions to help you.

Who can get voluntary benefits?

Is there a minimum number or percentage of employees that must participate in voluntary benefits for them to be viable?
Minimum participation requirements depend on several factors, such as the number of eligible employees and what products are offered. Typically, the minimum number would begin with three to five employees.

Can part-time workers buy or receive voluntary benefits?
Generally yes, as long as they work a minimum number of hours to meet the eligibility criteria for coverage.

Can a contractor be added to voluntary benefits?
Typically, independent contractors cannot be covered under the employer’s policy. However, individual policies for some benefits are available.

Can non-profit organizations offer voluntary benefits?
Yes, non-profit and charitable organizations can offer voluntary benefits to their employees.

As a business owner, can I also receive coverage through the voluntary benefits that I am offering to my employees?
Yes. A business owner can apply for voluntary benefits coverage – just like their employees would do.

Are family members able to get voluntary benefits?
Yes. Many voluntary benefits provide the ability to cover your spouse and eligible dependent children.

Are there age limits for certain voluntary benefits?
Each product will have its own unique age requirements. These limits are designed to be flexible to allow the majority of employees actively at work the ability to apply for coverage.

Can home-based or remote workers receive voluntary benefits?
Yes, if they meet the requirements of being full-time eligible employees.

If you already have an existing medical condition can you get coverage?
It depends on the type of product. Some products will require eligible employees to be medically underwritten before they are issued coverage. Other products offer guaranteed-issue coverage, meaning employees can get coverage without answering any medical questions. Certain products may have a pre-existing condition limitation, which means a certain period of time must pass before the person is covered. It’s important to understand any limitations or exclusions specific to the product.

More on this next week.

Highest regards,

Stacia

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