Supplemental Benefits

This upcoming year, employers are faced with receiving double digit increases on in-force health insurance plans, making it more difficult to offer balanced, cost-effective employee benefit programs.

Employers are having to cut back on the level of benefits currently being offered, increase the amount the employee is contributing, or reduce other employer sponsored benefits like life, dental, vision and disability.

How will you pay for deductibles, co-payments and other medical related costs not covered by your employer-sponsored insurance plan? This is where voluntary supplemental insurance comes in.

Supplemental insurance is offered through employers or can be purchased on an individual basis. Many plans can be purchased through a flexible benefits plan allowing coverage to be paid with pretax dollars and in most cases the plans are portable.

Plans offered include:

Disability Insurance - Replaces a portion of your income to help make ends meet if you become disabled from a covered accident or sickness.

Accident Insurance - Helps offset the unexpected medical expenses such as emergency room fees, deductibles and co-payments that can result from a fracture, dislocation or other covered accidental injuries.

Cancer Insurance - 63% of expenses related to cancer are not covered by your major medical plan. This plan helps with that!

Critical Illness - Compliments your major medical coverage by providing a lump-sum benefit payment when you've dealing with a covered critical illness.

Term Life Insurance - Tailored term life insurance that provides financial security for your family members in the event of your untimely death.

Term Life with Critical Illness - This combines the two policies so that you can have a benefit paid when dealing with a covered critical illness and then the money left on the policy will be paid to your beneficiary at the time of your death.

Hospital Confinement Indemnity Insurance - Provides a lump-sum benefit for a covered hospital confinement and a covered outpatient surgery to help offset the gaps caused by co-payments and deductibles. This works well with high deductible health insurance plans.

Dental - You can go to any dentist and have the benefit pay directly to the dentist or to you. It provides you cash when you and your covered family members go to the dentist.