As voluntary benefits or through cost-sharing, supplemental insurance provides your employees with an added layer of financial protection.
HealthMarkets Insurance Agency offers a wide range of small business voluntary benefits that can help protect your employees from out-of-pocket expenses including insurance copays and deductibles. These plans pay a cash benefit to help fill financial gaps left by health insurance when they are sick or injured. The money received from these plans can be used for anything; out-of-pocket medical expenses and deductibles, offset a loss of income, or even pay everyday living expenses.
Voluntary benefit plans for a critical illness or cancer can help your employees focus on recovering and getting back to work instead of their finances. These plans generally provide a lump sum cash benefit directly to them for a first diagnosis of a major illness such as, heart attack, stroke and many other types of illness including life-threatening cancer.
A voluntary disability insurance plan insures your employees’ greatest asset—their ability to earn an income. Disability insurance plans generally pay a monthly cash benefit to them when they are unable to work. These types of plans usually offer coverage for periods of disability due to an injury or illness.
Fixed-indemnity voluntary benefit plans offer a fixed cash benefit payout in the event of a specific illnesses or injuries covered by the policy. These plans can be a helpful addition to your employees’ health insurance to help them cover out-of-pocket costs for medical expenses.