Why Your Company Should Invest Tax Reform Savings into an Employer-Paid Legal Plan

With the corporate tax rate decreasing to 21 percent, many employers are looking at how they can re-invest the “extra” 14 percent back in their company and employees. The initial announcement of the change prompted several corporations to give one-time bonuses, while some increased minimum-wage or salaries.

Savvy employers, though, are using the money to enhance their benefits package with offerings that will improve employee engagement and productivity — an investment that can come back to the company tenfold.

Since the tax cut was announced, we’ve received inquiries and proposals from employers interested in taking advantage of the additional money to implement an employer-paid legal insurance plan. Many of these employers already offer a legal plan as a voluntary, employee-paid benefit and know that it increases employee productivity because it decreases employee stress surrounding how to pay for and deal with legal issues.

For approximately $5 a month, an employer-paid legal life assistance plan provides employees a suite of services to help them navigate the complexities of life’s legal matters.

An ARAG^® plan provides access to our attorney network, educational resources, DIY documents, plus identity theft protection, financial counseling, tax help and caregiving support.

Using these services can add up to thousands of dollars in savings per employee. You can also give employees the option to pay a discounted premium every month to upgrade to a more comprehensive plan that covers more legal matters and includes in-office attorney services.

We know employers care about their employees and want to help them navigate the natural complexities of life. Investing in an employer-paid legal plan will show your employees they’re a top priority to your company by providing them ongoing value. In addition, your company will experience the benefits of: