GROUP SUPPLEMENTAL INSURANCE

In light of increasing healthcare expenses, providing supplemental benefits has become increasingly crucial. Offering benefits that safeguard employees' financial well-being can alleviate their concerns and ensure they receive necessary medical care.

In the United States, 34% of households were unable to receive medical care for serious issues due to financial constraints.

Accident Insurance

Accident insurance provides additional financial support for employees and their families in the event of unexpected medical expenses resulting from an injury. This coverage can be used to help with co-pays, deductibles, or other household bills and expenses, complementing their existing major medical insurance.

Hospital Indemnity Insurance

Even with a comprehensive major medical plan, the costs you have to pay out of your own pocket for an unexpected hospital stay can accumulate quickly. Hospital indemnity insurance typically provides a cash benefit for each day you spend in the hospital, up to specific maximum limits. This cash benefit can be used to cover a range of expenses, from medical bills to everyday costs.

Critical Illness Insurance

Critical illness insurance can provide a lump-sum cash benefit to help cover expenses like out-of-pocket medical bills or lost income, offering employees protection beyond what major medical insurance provides.

Cancer Insurance

Cancer insurance provides support for employees facing out-of-pocket expenses related to their cancer diagnosis and treatment. This coverage can help with hospital expenses, surgery, radiation and chemotherapy treatments, and ongoing maintenance therapy.

Short-Term Disability Insurance

When employees are unable to work due to injury, illness, or pregnancy, the loss of paychecks can lead to financial difficulties. Short-term disability insurance can provide relief by covering a portion of their salary, allowing them to concentrate on their recovery. This type of insurance is often combined with integrated absence management for added support.

Long-Term Disability Insurance

Long-term disability insurance is a valuable form of financial protection that can provide a consistent source of income for employees who are unable to work for an extended period due to illness or injury. It is often offered alongside short-term disability and integrated absence management, and can help cover expenses during a time of unexpected need.

GAP Insurance

Supplemental Medical Expense (GAP) insurance provides additional coverage for out-of-pocket expenses like deductibles, co-insurance, and co-pays that are not covered by major medical insurance. This insurance offers flexibility to meet employers' specific needs and helps prevent employees from depleting their savings or accruing credit card debt.

Retiree Medical Insurance

Group retiree medical insurance can provide employees with protection from high out-of-pocket healthcare expenses and potentially reduce major medical rates for remaining employees. This benefit can be beneficial for both retirees and current employees.

Executive Health Insurance

Top-level employees seek a competitive compensation package with additional perks, while employers are looking for ways to retain their top talent. Employer-paid executive health insurance offers a premier supplemental health insurance option with greater benefits and higher limits compared to traditional supplemental medical expense (GAP) insurance.

Alternative Employee Benefits Solutions

By choosing extra benefits, employees can enhance their readiness for unforeseen circumstances.

Employer-Paid Insurance

Some companies enhance their employee benefits package by offering employer-paid life insurance, disability coverage, and supplemental health options, which provides a more comprehensive set of benefits for their employees.

Group Supplemental Life Insurance

It's important to recognize that life insurance needs vary for each individual, which is why having a variety of options available can provide families with the financial support they may need following the loss of a loved one.

Additional Employee Benefits

Businesses have the option to expand their benefits packages by including perks such as student loan repayment, HSAs, and other additional benefits. This can lead to a more comprehensive offering that can improve the company's ability to attract and retain employees.