Remove Deductible Remove Hospitality Remove Payroll Remove Voluntary Benefits
article thumbnail

Hospital Indemnity Insurance a Key Voluntary Benefit

InterWest Insurance Services

Fortunately, employers can help by offering their workers voluntary hospital indemnity insurance that can provide peace of mind in case they have a serious medical episode. Hospital indemnity insurance. The worker can use this cash benefit for any purpose, including: Deductibles. Coinsurance. Transportation.

article thumbnail

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

Higginbotham

Imagine a man earns $50,000 a year has a policy with a $100,000 death benefit. When he dies, his wife receives the $100,000 death benefit. Some of this money goes to cover hospital bills and funeral costs. When you offer supplemental life insurance as a voluntary benefit, your costs are minimal.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What is ancillary health insurance?

Higginbotham

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. There are two main types of ancillary health insurance: voluntary benefits and employer contributory benefits.

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. Voluntary benefits have been becoming more popular among employers in recent years as unemployment falls.

article thumbnail

Managing Employee Healthcare Costs in 2021

Best Money Moves

What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. The ever increasing cost of healthcare combined with uncertainty about coverage, deductibles and copays keep some employees from getting the medical care they need. Managing Employee Healthcare Costs in 2021.