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Hospital Indemnity Insurance a Key Voluntary Benefit

InterWest Insurance Services

Fortunately, employers can help by offering their workers voluntary hospital indemnity insurance that can provide peace of mind in case they have a serious medical episode. Hospital indemnity insurance. The worker can use this cash benefit for any purpose, including: Deductibles. How coverage works.

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Voluntary Benefits Demand Surges as Employees Seek to Defray Costs

InterWest Insurance Services

Sales of voluntary group benefits grew at a record pace in 2023 as more employers expand their offerings and demand continues booming as employees seek out benefits that can defray costs, according to new research. Premiums collected for employer-sponsored voluntary benefits jumped 6.7% Accident insurance rose 4%.

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Managing Employee Healthcare Costs in 2021

Best Money Moves

What the average health insurance premium costs and changes employers are making to health benefits offerings in the new year. Employers are focused on improving employee healthcare by adding virtual or telehealth offerings and including voluntary benefits in 2020, according to research by Mercer.

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Worksite benefits: Hospital indemnity insurance and beyond

Higginbotham

workers postpone health care needs because they’re worried about cost, even if they have health insurance. Medical care can be expensive, and group health insurance isn’t always enough. What is hospital indemnity insurance? The policy pays a benefit if the insured is hospitalized.

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Gen Z Workers Go for HDHPs, but Don’t Forget Your Other Employees

InterWest Insurance Services

The average employer covers 78% of their employees’ health insurance premiums, up from 74% in 2022. Offer voluntary benefits — Not all voluntary benefits are created equal, and some add more value than others. Across generations, higher-salaried individuals choose HDHPs over traditional plans.

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What is ancillary health insurance?

Higginbotham

Ancillary health insurance is a secondary type of coverage used to supplement your traditional health insurance. The term “ancillary” means “providing additional help or support,” and that’s just what ancillary health insurance does. Types of Ancillary Benefits. Types of Ancillary Benefits.

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Baby Health Insurance Playbook: 5 Steps to Plan for a Newborn

Corporate Synergies

A new father outlines requirements with his Baby Health Insurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcare benefits, parents need a baby health insurance playbook. The Baby Health Insurance Playbook isn’t really a book. As Seen In.