Offering protection beyond basic health coverage, workplace voluntary accident insurance provides supplemental on- or off-the-job coverage. Benefits are paid regardless of other coverage, including primary health insurance, that's in force.
The Value of Workplace Voluntary Accident Insurance
Accident insurance may help cover deductibles and other services standard healthcare coverage may not provide. Some workplace voluntary accident insurance products can be both a reimbursement and an indemnity insurance policy – expense reimbursements are paid for actual charges or up to the maximum amount stipulated in the plan.
Plan Benefit Options
Embedded benefits of accident insurance may include:
- Accident medical expense
- Ambulance benefit
- Hospital confinement
- Accidental death and dismemberment (AD&D)
Optional benefits and riders can help protect against loss of income or expenses incurred for intensive care hospital stays. Optional benefits and riders include accident total disability, hospital intensive care, bone fracture and dislocation, and coverage for spouse and children.