WHO BECOMES THE SPONSOR OF AN INDIVIDUAL VOLUNTARY BENEFIT IF THE EMPLOYERS DECIDES NOT TO SPONSOR IT?

Since it is a purchase of individual insurance, a sponsor is not necessary. The employer would only be allowed to collect premiums, after-tax only, and remit them to the Insurer. The employer is not allowed to receive any compensation for these services other than reasonable compensation for administrative services. Essentially they must take a “hands-off” approach in regards to the voluntary benefits.