In recent years, working Americans are increasingly turning to voluntary benefits to fill the gaps in their coverage needs. There are a variety of voluntary benefits that can be offered to better protect yourself and your family. Speak to a professional at Gosset Group today to learn more about those coverages such as Aflac that can pick up where your traditional insurances may fall short.
Accident & Injury Insurance
Unfortunately, accidents are a part of everyday life. Supplemental accident insurance allows a person to be better prepared for such unexpected events. Accident insurance can provide benefits in event of sickness or death.
Designed to supplement your employer-sponsored insurance coverage, accident medical insurance pays specific benefit amounts for injuries received in a covered accident. These benefits can help pay the out-of-pocket expenses related to an accidental injury that existing health insurance coverage may not may not cover, such as:
- Expensive medical procedures or ongoing physical therapy
- Crutches, wheelchairs or other medical aids
- Co-payments, co-insurance and deductibles
- Ambulance benefit
- Hospital confinement
- And More…
One of the consequences from a cancer diagnosis is the financial cost and burden to the individual and the family members. A Cancer Benefit plan is designed to supplement the major medical coverage to assist with the high cost of cancer treatment.
Benefits from the plan may help to pay some of the following types of out-of-pocket expenses:
- Specified screening tests
- Hospital confinement, ambulance and full-time nursing services
- Surgical benefits including anesthesia
- Radiation and chemotherapy
- Home health care
- Home or automobile modifications
- Mortgage, utility bills and other everyday living expenses
- Travel costs to and from treatment centers
Coverage is available for employee as well as the spouse and dependent children. As with other voluntary benefits, coverage is portable and the employee can take it with them when they change jobs or retire. This benefit is guaranteed renewable for life as long as premiums are paid when due.
Specified Disease and Critical Illness Insurance
Similar to the Cancer Benefit, the Specified Disease Insurance for Critical Illness is designed to supplement major medical coverage and help with the high costs of treatment for a serious illness. It pays a percentage of the policy face amount upon diagnosis of a covered specified disease, and benefits can be used to help pay the out-of-pocket expenses related to the treatment of your illness.
Hospital Indemnity Insurance
An extended hospital stay is something you hope you or your family will never have to experience. However, if you did have to stay in the hospital, do you have enough set aside to cover those costs associated with a hospital stay? These unexpected charges add up quickly. A hospital indemnity plan can help you prepare for these and other out-of-pocket costs with benefits that can help you pay for some of the following expenses:
- Travel expenses to and from the hospital
- Lodging for your family members while you are in the hospital
- Child care for your family
- And more…
A hospital indemnity plan can be used to help fill the gaps in your major medical plan and help pay the expenses related to a hospital stay.
Contact one of the professionals here at Gosset Group to learn more about these insurance coverages that can pick up where your traditional insurances may fall short.