As health care out of pocket expenses are rising employees are becoming exposed to higher out of pocket expenses.
To help offset these expenses employers are offering voluntary benefits like accident, sickness and critical illness plans. These plans reimburse the insured for out of pocket medical expense like, physicians office visits, trips to the emergency room as well as medical appliances like casts and crunches. Many of them pay for hospital stays as well as extended stays in intensive care for accidents or specific illnesses. These benefits are paid directly to the employee, not the health care provider or facility. The employee can choose how they spend the dollars.
The majority of employees rate critical illness insurance, accident and cancer insurance as being important to them. In fact these coverage’s rate highest next to life and disability insurance.
The key to an employee obtaining maximum benefit for their health care dollar is education.
If an employee understands their out of pocket exposure, and is presented with ways on how to insure that risk, they will be better able to make an informed decision. We work with professionals from carriers like AFLAC that will help the employee choose the plan best suited for their needs.