Recently our Executive Vice President of Distribution and Business Development, Joshua Police, was interviewed for a Voluntary Benefits Voice article about the shift to non-traditional payment methods for benefits. Boston Mutual Life offers payment options aside from traditional payroll deductions, and Josh shares his insight about how innovative payment methods, like Direct Pay and ACH solutions, are changing the game for both employers and employees.
– Joshua Police,
Executive Vice President of Distribution and Business Development at Boston Mutual Life Insurance Company
“Employers and groups see the value of voluntary benefits; however, they often decide not to move forward due to:
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The amount of work it takes to administer payroll deduction benefits and reconcile bills; it can be time intensive and impacts a variety of resources on human resources teams.
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The lack of infrastructure; often, human resources teams are not set up for payroll deduction.
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A previous poor experience.