Remove Deductible Remove Hospitality Remove Life Insurance Remove Voluntary Benefits
article thumbnail

What is supplemental life insurance and how can it improve your employee benefits package?

Higginbotham

What is supplemental life insurance? It’s a type of life insurance policy that’s often available through work and provides additional coverage. What is supplemental life insurance? Supplemental life insurance fills in coverage gaps and provides additional life insurance coverage.

article thumbnail

What is ancillary health insurance?

Higginbotham

The term “ancillary” means “providing additional help or support,” and that’s just what ancillary health insurance does. Often referred to as “ancillary benefits,” ancillary insurance can include coverage for miscellaneous medical expenses incurred during a hospitalization that may not be covered by your group health insurance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Helping employees understand key benefits terms

PeopleStrategy

Health benefits payment terms. Deductible : the amount an employee must pay out-of-pocket each year before their insurance kicks in; this does not apply to preventative care, like annual physicals. Co-insurance: the amount an employee must pay after meeting their deductible; under most plans, this is around 20% of full price.

article thumbnail

Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company. cancer insurance) Pet insurance. cancer insurance) Pet insurance.