![parallax background](https://cbasimple.com/wp-content/uploads/2022/10/CBA_Background-Gradient_Light_C-X-Large-scaled.jpg)
Employee Benefits: Ancillary Benefits
Provide security for your employees in a way that can make a difference in their lives with Ancillary Benefits.
Ancillary benefits can make a strategic difference in your benefits package without negatively affecting your budget. These benefits are increasingly viewed by job candidates and employees as a differentiator among employers.
Ancillary benefits are typically purchased in conjunction with major medical coverage, to give employees more support for their overall well-being.
Some types of ancillary benefits are:
- Dental
- Vision
- Life
- Disability
- Cancer Insurance
- Critical Illness Insurance
- Accident Insurance
- Pet Insurance
- Travel Insurance
Employers can offer these benefits using multiple contribution strategies:
VOLUNTARY BENEFITS
- Employees pay 100% of ancillary premiums, but have access to lower premiums by being part of a group plan as opposed to purchasing a policy as an individual.
EMPLOYER-CONTRIBUTORY BENEFITS
- Employer pays at least half of the premiums. Rates will typically be lower than Voluntary Benefits, due to higher participaltion.
Ancillary Benefits Advantages:
![Benefits Enhancement](https://cbasimple.com/wp-content/uploads/2022/06/CBA_Icon_Voluntary-Benefits.png)
BENEFITS ENHANCEMENT
Offering ancillary benefits helps your employees protect what matters to them, with products such as: dental, vision, disability, cancer, critical illness, life, accident, pet, and travel insurance.
![Financial Well-Being](https://cbasimple.com/wp-content/uploads/2022/06/CBA_Icon_Financial-WellBeing.png)
SUPPORT FINANCIAL WELL-BEING
Ancillary benefits are paid directly to employees. So, they can use cash benefits for any reason, like: deductibles, coinsurance, non-covered treatments, and living expenses.
![CBA_Icon_Attract-Retain-Employees](https://cbasimple.com/wp-content/uploads/2022/06/CBA_Icon_Attract-Retain-Employees.png)
ATTRACT & RETAIN EMPLOYEES
Quality ancillary benefits help attract and retain the best talent, which reduces turnover (and associated on-boarding and training costs), and helps to gain a more skilled workforce.
![CBA_Icon-Withdrawals](https://cbasimple.com/wp-content/uploads/2022/06/CBA_Icon-Withdrawals.png)
REDUCE LOANS & WITHDRAWALS
Because certain ancillary benefits are paid directly to employees, they can use the cash from this provision rather than taking loans.
![CBA_Icon_Productivity](https://cbasimple.com/wp-content/uploads/2022/06/CBA_Icon_Productivity.png)
INCREASE PRODUCTIVITY
When your employees are satisfied with their benefits, they are more likely to be engaged, motivated, productive, and to bring enthusiasm to their work.
![Cost Savings Benefit](https://cbasimple.com/wp-content/uploads/2022/06/CBA_Icon_Cost-Savings.png)
COST SAVINGS BENEFITS
Due to the various contribution strategies available, ancillary benefits are typically affordable for both the employee and employer.