Employee Benefits. Wooden office desk with stationery, money and a note pad.Whether people obtain insurance individually on the open market or sign up for benefits through their work, the cost of health care continues to take a bigger and bigger bite out of everyone’s earnings.

To meet the evolving needs of workers, a growing number of employers are providing employees with an array of coverage options to supplement their standard benefits packages. This is referred to as voluntary insurance.

Here are some examples:

  • Dental insurance
  • Vision insurance
  • Critical illness coverage
  • Identity theft insurance
  • Long-term care coverage
  • Health savings account (paired with high-deductible health plans)

Added benefits a win-win

As the name implies, voluntary insurance is optional and funded by employees via a payroll deduction. Employees like it because it gives them a way to meet basic health care needs and prepare for the unexpected. Employers like it because there is no direct cost. They only pay for administration of the program by a third-party benefits provider, which manages the creation and distribution of plan informational materials and the enrollment process.

Small price, big savings

Is voluntary insurance available where you work? If so, and you are not taking advantage of it, you and any other non-participating employees are missing out on added benefits.

“You may be spending more of your hard-earned money than you need, on health care expenses you did not anticipate,” says Randy Clarkson, president of voluntary insurance provider AmeriLife Benefits

Consider the advantages:

  • Benefits offered by an employer are typically at a group or discounted rate, which you would not be able to secure on your own
  • Additional coverage can offset health care costs such as copays not included in your core benefits plan
  • Some supplemental coverage selections may reduce your out of pocket expenses

Don’t miss out

If you have voluntary benefits at your place of employment, take a few minutes to review the plans and policies to see if spending a little more on insurance can help reduce your overall health care costs.

On the other hand, if your organization does not offer this increasingly popular feature, ask your supervisor or a Human Resources representative if it is possible to add employee-paid supplemental insurance to the overall benefits package.

Visit AmeriLife Benefits to learn about supplemental insurance options to best suit your needs.

 

Employee Benefits. Wooden office desk with stationery, money and a note pad.Whether people obtain insurance individually on the open market or sign up for benefits through their work, the cost of health care continues to take a bigger and bigger bite out of everyone’s earnings.

To meet the evolving needs of workers, a growing number of employers are providing employees with an array of coverage options to supplement their standard benefits packages. This is referred to as voluntary insurance.

Here are some examples:

  • Dental insurance
  • Vision insurance
  • Critical illness coverage
  • Identity theft insurance
  • Long-term care coverage
  • Health savings account (paired with high-deductible health plans)

Added benefits a win-win

As the name implies, voluntary insurance is optional and funded by employees via a payroll deduction. Employees like it because it gives them a way to meet basic health care needs and prepare for the unexpected. Employers like it because there is no direct cost. They only pay for administration of the program by a third-party benefits provider, which manages the creation and distribution of plan informational materials and the enrollment process.

Small price, big savings

Is voluntary insurance available where you work? If so, and you are not taking advantage of it, you and any other non-participating employees are missing out on added benefits.

“You may be spending more of your hard-earned money than you need, on health care expenses you did not anticipate,” says Randy Clarkson, president of voluntary insurance provider AmeriLife Benefits

Consider the advantages:

  • Benefits offered by an employer are typically at a group or discounted rate, which you would not be able to secure on your own
  • Additional coverage can offset health care costs such as copays not included in your core benefits plan
  • Some supplemental coverage selections may reduce your out of pocket expenses

Don’t miss out

If you have voluntary benefits at your place of employment, take a few minutes to review the plans and policies to see if spending a little more on insurance can help reduce your overall health care costs.

On the other hand, if your organization does not offer this increasingly popular feature, ask your supervisor or a Human Resources representative if it is possible to add employee-paid supplemental insurance to the overall benefits package.

Visit AmeriLife Benefits to learn about supplemental insurance options to best suit your needs.

 

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