Designed to Supplement High-Deductible Health Insurance Plans
Provides Cash Benefits for Inpatient-Hospitalization
Pays a Lump-Sum Benefit directly to the insured
Benefits as high as $5,000
Maternity Coverage same as any other illness
Compatible with HSA Insurance Plans
Easy to Offer to your Employees
NO Employer Contribution required
NO Minimum Participation Requirement (for Voluntary offerings)
NO Medical Questions
Guaranteed Issue for Eligible Employees & Dependents
Who pays for this coverage?
Voluntary-Basis: Employees pay SOME or ALL of the premiums for themselves and their dependents through payroll-deduction. This approach has NO MINIMUM participation requirement, so whoever wants this coverage- can take it.
Blanket-Basis: Employer pays 100% of the Employee-Only rate for all eligible employees. Employees can elect to insure their dependents, and pay the full cost of their dependents via payroll-deduction. This approach requires 100% participation of all eligible employees.
NOTE: Employee premiums can be paid using PRE-TAX income (which saves money on taxes) if set up properly.
Voluntary-Basis: If the employees pays ANY portion of the premiums for their own coverage there is a 6 month pre-existing conditions exclusion.
Blanket-Basis: When the employer pays the full "Employee-Only" premium there is NO Pre-existing conditions exclusion. Employees can elect to insure their dependents & can be required to pay for their families' premiums. But there is NO pre-existing conditions exclusion for anyonein the family.