It can be challenging to understand all the benefits available in the workplace. And if you’re not an expert at group supplemental health insurance benefits, including accident, critical illness and hospital indemnity, you’re not alone. This paper, which is the first in a three-part series, will focus on accident insurance and provide helpful insights.
Accident insurance provides cash payments for injuries covered under a policy. The funds can be used to help cover expenditures such as deductibles, out-of-pocket medical costs or everyday living expenses. And in an economy where 63% of workers are unable to pay a $500 emergency expense, according to a report from SecureSave, having an additional lump sum to offset costs not covered by major medical, at a very cost-effective premium rate, can be a true game changer for employees.
