How Supplemental Benefits Can Help Offset Gaps in Medical Plans.
By: Jennifer Kiser, email@example.com
How Supplemental Benefits Can Help Offset Gaps in Medical Plans
With rising deductibles and larger gaps in coverage, supplemental benefits can provide financial relief for both you and your employees. Every year, employees are paying more in premiums, co-pays, and deductibles. All of this can lead to an additional workplace management challenge for leaders to combat —employees feeling stressed and distracted with efforts to manage out-of-pocket health-related costs. Supplemental benefits can help give you peace of mind knowing your employees will have coverage when they need it. Additionally, comprehensive benefits packages can also be a great way to attract and retain quality employees.
88% of employees view voluntary benefits as a part of a comprehensive benefits package.
Complement Your Major Medical Plan
As trends continue to lean toward High-Deductible Health Plans (HDHPs), it's more important than ever to offer supplemental benefits to help offset the additional out-of-pocket expenses your employees may experience. Even with traditional PPO or HMO plans, out-of-pocket expenses can be a burden. American Fidelity's supplemental benefits pay directly to your employees, which can help them contribute to their deductible. They may even use the benefits to help pay expenses that their major medical plan may not cover — such as travel and lodging. Watch this video to learn how supplemental insurance can help.
Allow Employees to Customize Their Coverage
Because supplemental benefits are voluntary, your employees can choose the benefits to complement their medical plan. Offering a well-rounded supplemental benefits package also lets them support their family's needs — whether they have active children who need accident coverage, or they are preparing for retirement. Ultimately, a solid benefits program can help ease your worry and workload while also helping to provide employee job satisfaction. To learn more about American Fidelity’s comprehensive benefits packages, get started now.
Entrepreneur: Employee Demand Makes Voluntary Benefits Mandatory for Employers; November 9, 2015