As a business owner, there are significant advantages to providing your employees with the option to take part in Workplace Benefits offerings. These advantages include lowering your payroll cost and increasing employee satisfaction.
Below are a few of the most common types of supplemental insurance offerings:
When you are unable to work due to an accident or sickness, disability insurance will pay a portion of your income to you monthly. This includes many on the job accidents, as well as sick leave and even mental disabilities. Short and long term options are available, or you can choose to purchase both to ensure that you will have some type of income coming in even if you are unable to work.
A diagnosis of cancer can be one of the most frightening things that you can receive. Cancer insurance can help cover those costs that are associated with treatment, including progress scans, copays, and more.
When you need extensive care for a long period of time or even the rest of your life, these costs can quickly add up. Long term care insurance will help cover care for you if you are unable to take care of your basic needs, including bathing, eating, walking, etc. This type of care also includes hospice and assisted living care, which can be a financial drain upon your family.
If you are injured in an accident or killed in an accident, accident insurance can pay out money to your beneficiaries or to you to cover costs that may not be covered by your regular health insurance, such as copays, etc. Anyone can purchase it, but those who work in high-risk occupations should especially consider it, as it can become a lifesaver if you need it.
This type of insurance pays a lump sum to the insured if they are diagnosed with one of the critical illnesses that are listed in the policy. It can really be a help, as you never know when or if you are going to be diagnosed with an illness. Some of the most commonly covered illnesses are Alzheimer’s, Parkinson’s, heart disease, and some terminal illnesses as well, including cancer.