Help your employees protect what matters most with voluntary benefits
Be a source of financial stability for your employees by offering voluntary benefits that help fill the gaps left by major medical insurance.
More than one-third of full-time employees have less than $1,000 saved to deal with unexpected medical expenses.1
With one-in-three people expected to be diagnosed with cancer during their lifetime, the last thing you want your employees to be worried about is how to pay for that diagnosis. Yet finances remain one of the top stressors for Americans.2
Voluntary benefits can help. No matter how rich an employer’s medical plans may be, there are often gaps which require employees to pay out-of-pocket. Voluntary benefits provide an affordable and adaptable way for employers to fill coverage gaps, support their employees’ health and financial well-being, and maintain or improve employee satisfaction with their benefits.
Benefits to the business
A variety of voluntary benefits not only attract workers in a competitive market, it also encourages employee retention.
Enrich existing core benefits
Appeal to a multigenerational workforce
Support financial well- being
Increase employee engagement, motivation, and productivity
Benefits of voluntary products for employees
Voluntary products offer benefits that can help employees from the financial challenges of an injury, illness, or loss of life.
Benefits are paid directly to the policyholder, not the doctor or hospital.
Employees can use the benefits however they choose.
Benefits are paid regardless of other insurance, including major medical.
Help fill coverage gaps from high-deductible medical plans
Offer more with Optavise
Provide your clients with the voluntary benefits their employees want and need
Helps cover the out-of-pocket medical expenses incurred due to injuries such as broken bones, burns, lacerations, and more. Benefits can help with inpatient hospital stays, ICU care, transportation, and family lodging during treatment.
Critical illness plans offer more complete protection against the high costs of treatment for common diseases like cancer, heart attack, stroke, and end-stage renal failure. The plan’s lump-sum benefit can help support the policyholder and his or her family after a diagnosis.
Hospital indemnity insurance helps pay for hospital and intensive care unit (ICU) stays, and additional medical services such as surgery, and treatments.
When someone’s sick or injured, they might not be able to keep working and receiving an income. The weekly benefits of a short-term disability plan help the policyholder pay for ongoing treatment and regular household expenses.
Supplemental cancer coverage pays a lump-sum amount when cancer is diagnosed. It pays an additional benefit each day the insured person is hospitalized for treatment. Benefits also help with related transportation and lodging for the insured person and family.
A gap plan pays benefits to help fill the “gaps” left by major medical plans. Benefit payments can be used toward deductibles, copays, coinsurance and much more.
Pays a cash benefit to the beneficiary to help cover employee’s final expenses, debt, and surviving family members’ housing and education expenses. Available for employee and family members.
Dental plans cover some of all of the costs of preventative treatments and can provide benefits for covered procedures like crowns, braces and cosmetic applications.
Vision plans help employees protect their vision health by offering coverage for routine screenings as well as discounts on frames, lenses and contacts.
Covers some or all the cost of veterinary treatment of an ill or injured pet. Some policies will even pay out when the pet dies, or if the pet is lost or stolen.