As organizations face a rapidly changing workforce, voluntary and lifestyle benefits have become a way to address ongoing challenges and workplace transformations. These unique employee benefits go beyond the traditional medical, dental and vision, making them a great way for employers to better meet the total wellbeing needs of their employees.

The 2022 US Benefits Trend Report from NFP found “Employers must take into account the 24/7/365 whole-person experience and acknowledge that life experiences and challenges don’t disappear when the workday begins.” Employees want to be supported both in and out of the office and PlanSource’s Partner Marketplace helps employers achieve that.

Simply put, lifestyle and voluntary benefits are solutions offered in a benefit package that allow employees to choose additional coverage that fits their lifestyle. Point solutions, also found in the Marketplace, include tools or services to address common challenges, such as ease of access and knowledge of benefits. These benefits are a great way for employers to better meet the total wellbeing needs of their employees as they can customize their benefits portfolios to suit a vast variety of backgrounds in their workforce. PlanSource’s 2022 Benefits Benchmark Report saw a 10% YOY increase in voluntary and lifestyle benefit offerings in organizations with 200 employees or less from 2021 to 2022. This trend – offering more non-traditional benefits – is believed to continue for years to come for employers of all sizes.

The three types of unique employee benefits in our Partner Marketplace – voluntary benefits, lifestyle benefits and point solutions – have become a standard practice offering among companies big and small, providing coverage that has a universal need among employees. Many employers are turning to these benefits as a way to stand out to new talent and retain their current workforce while addressing total employee wellbeing. Offering employee benefits such as PlanSource’s vetted marketplace offerings will allow employees to decide what they really want out of their benefits package.

PlanSource created the Partner Marketplace to maximize HR efficiency, employee engagement and plan participation. Our Partner Marketplace is a curated a list of strategic “best-fit” partners that provide employees with a more well-rounded benefit offering and seamless user experience. Our out-of-the-box template builds allow for quick implementation and our templated file delivery expedites data exchange between user and carrier.

Asset Protection – Asset Protection encompasses all aspects of protecting one’s assets and financial plans. Protecting your home, car and identity are key components of asset protection. Our Asset Protection subcategories include:

1.  Cyber Security
2. Home/Auto
3. Renters Insurance

Health – Health refers to all aspects of your wellbeing and health, including your diet, sleep, and your mental and physical health, covering you from head to toe as an addition to traditional medical, dental and vision benefits. Our Health subcategories include:

4. Artificial Intelligence
5. Caregiver Support*
6. Cancer
7. Chronic Disease Management
8. Dental Care
9. Diabetes
10. Emergency Ground and Air Ambulance Coverage
11. Employee Assistance Programs (EAP)*
12. Family Health
13. Fertility
14. Food and Nutrition
15. Genetic Testing
16. Mental/Behavioral Health
17. Musculoskeletal Management
18. Navigation/Advocacy
19. Obesity Management
20. Population Health
21. Sleep
22. Social Determinants of Health
23. Telemedicine/Virtual Primary Care
24. Transparency/Quality Cost
25. Whole Health
26. Women’s Health

Lifestyle Planning – Lifestyle Planning refers to how you plan for the future and incorporate your career, personal and financial goals. Our Lifestyle Planning subcategories include:

27. Caregiver Support*
28. Charitable Giving*
29. Child Care
30. Commuter Benefits
31. Employee Assistance Programs (EAP)*
32. Employee Rewards
33. Student Loan*
34. Time off Perks
35. TPA
36. Travel
37. Work from Home

Wealth – The Wealth category includes benefits to help you manage your current wealth along with planning for your financial future. From protecting your wealth, to investing and paying down debts, wealth management is represented here from all angles. Our Wealth subcategories include:

38. 529 Plans
39. Charitable Giving*
40. Financial Education
41. Financial Wellness
42. Identity Theft
43. Legal
44. Pet Insurance
45. Short Term Loans
46. Student Loan*

*Benefit shows up in more than one category

Don’t know where to begin when it comes to voluntary and lifestyle benefits? PlanSource knows that building a comprehensive benefit ecosystem can be overwhelming. That’s why we’ve built an assessment survey tool to find best fit providers for your organization. We’ve got a benefit for everyone in your workforce in our Partner Marketplace.

Take the survey here: marketplacesurvey.plansource.com