Expand Benefits at No Direct Cost
Employee Health Insurance Benefits
Employee health insurance benefits are shrinking as the cost of providing these programs sky rocket. Many employers are finding the need to either scale back health insurance options, or pass more of the costs along to employees.
But scaled-back options leave employees exposed when health events occur, and not every employee's needs are the same. Voluntary employee benefits allow employers to expand employee health insurance choices without adding to direct cost. At the same time employers can:
Expand Employee Health Insurance Benefits
Supplemental insurance helps employers expand employee health insurance benefits without adding to direct costs: employees are given the option to pay for the extra coverage by payroll deduction. Pre-taxing of supplemental insurance premium can lower payroll taxes paid by the employer, helping to offset any additional administrative costs.
Supplemental insurance plans are easy to implement:
Supplemental insurance gives employees greater choice. Group employee health insurance benefits are paid directly to doctors and hospitals providing care, but do not replace lost income or compensate employees for non-medical expenses, and leave left-over medical expenses with deductibles, co pays, and co-insurance. Supplemental insurance fills these holes for employees.
Custom Fit Employee Health Insurance Benefits
Employees have unique needs and personal situations, and these needs change as employees move through different life stages.
With so many varying needs a one-size-fits-all employee health insurance benefits package may not work. Supplemental insurance allows employees to select targeted insurance plans to address their specific needs: