A 2018 work force study showed that 58% of employees have less than $1,000 available to pay for out-of-pocket expenses associated with an unexpected injury or illness. Even with major medical coverage, out-of-pocket expenses can be high.
In my 5 years’ experience, I have seen countless cases where a voluntary product has prevented bankruptcy, saved a college fund for kids, or made a positive financial impact on someone’s life. That’s why voluntary benefits are so crucial to your benefits package. They provide your employees with cash benefits to help offset these expenses.
We have partnered with the two industry leading carriers Aflac and Colonial Life in order to offer our clients a wide variety of plans. We believe these partnerships give us the best opportunities to create a benefits package unique to every single one of our clients.
I’ve put together a short list of plans that I want to highlight because I feel they can accomplish so many different things for your business and employees. We offer many other plans and different levels of coverage than just what I’ve highlighted today, so if you’d like more details please contact me at firstname.lastname@example.org or 979.540.7736
Accident: 24 hour on and off the job injury coverage. Benefits payable for the initial treatment and continuing care of both minor and major injuries. Daily hospitalization and ICU benefits. Built in Accidental Death and Dismemberment. Includes a wellness benefit for routine medical exams like a physical, eye exam, dental cleaning, etc. Guaranteed issue - meaning no underwriting. No coordination of benefits, pays regardless of other insurance. Portable – take from job to job or retirement.
Short Term Disability: Pays a portion of your income in the event of missing work due to injury or illness. Total and Partial Disability. 3 month, 6 month, 12 month and 24 month benefit periods available. Elimination periods start at 0/7 (injury/illness) so one can qualify for benefits after missing just 1 day of work due to injury. Off-the-job injury option available for those with Worker’s Comp. Maternity coverage available. Guaranteed issue options available.
Life Insurance: We offer a variety of term life, whole life, and juvenile life products to fit the unique individual needs of our policyholders. Many optional riders that can be attached to life policies including Spouse and Dependent riders, Accelerated Death Benefit, and Line of Duty Death Benefit rider specifically for first responders. Employer-paid and Guaranteed Issue options available for qualifying groups.
Group Medical Bridge: Gap coverage designed to pay benefits for accident and sickness. Hospital confinement benefits ranging from $1000 to $5000 can help policyholders pay for their deductible and co insurance if they have major medical coverage. Includes benefits for visits to Emergency Room, Doctor’s Office, X-rays, Prescriptions, Ambulance, Surgical Procedures, and Daily Hospitalization. Employer paid and voluntary options available. Flexible plan design options make it unique to each group and their needs.
Cancer: A plan designed to pay cash benefits before, during, and after cancer diagnosis/treatment. This is a plan that can help you focus on recovery instead of finances. Early detection and preventative care benefits. Will pay a lump sum on the initial diagnosis and then continuing care benefits (chemotherapy, radiation, surgery, hospital confinement, travel expenses) throughout entire treatment. Children covered at no additional cost. 3 plan options to fit any budget. Portable from job to job or retirement.
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