Flexible Spending Account Options available from American Fidelity
Voluntary Benefits from American Fidelity
Voluntary benefit plans are insurance and supplemental benefit products that employees can choose to purchase as an addition to their core benefits package to help fill gaps in coverage. These voluntary plans are made available by the employer, but the premiums are paid entirely by the employee through payroll deduction.
Some key features include:
-
Flexibility – Employees can select the coverage levels and
plan options that best fit their individual or family needs,
rather than a one-size-fits-all approach. -
Convenience – Premiums are automatically deducted from
an employee’s paycheck, making payment easy and
seamless. -
Portability – Many voluntary plans are portable, meaning
employees can keep their coverage if they change jobs or
retire. -
Tax Advantages – Premiums for some voluntary benefits like
health insurance, disability, and life insurance can be paid on
a pre-tax basis, reducing the employee’s taxable income.