Supplemental Health Insurance
Workplace voluntary health insurance can supplement existing health insurance, helping employees meet their financial obligations when they’re hospitalized or incur expenses during outpatient or inpatient treatment.
The Value of Workplace Voluntary Supplemental Health Coverage
The value of supplemental insurance coverage continues to increase. Cash benefits can be used to help offset loss of income and pay for experimental treatments, transportation to doctors and treatment facilities, and normal living expenses.
A supplemental medical plan may include reimbursements for everyday medical costs such as doctor's office visits. Just having access to a family physician may help employees avoid lost time from work due to illness or accidents.
Coverage continues during employer-certified disability, Family and Medical Leave Act, and during COBRA.
Plan Benefit Options
Features may include:
- Reimburses a specified amount for covered hospital confinement, physical exams, and doctor’s office visits
- Requires no coordination of benefits
- Covers sicknesses and injuries after date of policy, subject to pre-existing condition and policy limitations
- Includes coverage for pregnancy (subject to state-mandated waiting periods)
- Doesn't require a physical examination
