Get personal with your benefits in the workplace


Customize the insurance coverage with additional insurance that meets your individual needs

(Family Features) Where, when, and how you work may have changed. However, it does not matter what your employee benefits are. The benefits you choose when you register your business annually is one of the most important financial decisions you will make.

If your business is like most, it’s about offering benefits to keep you and your family safe, physically, emotionally, and financially.

Before it is time to enroll, it is important to understand your needs and the different types of coverage available, particularly employee-paid coverage that complements what your employer may already be offering. Supplementary benefits are additional coverage beyond your health insurance that you can choose and that you usually pay for with deductions from your wages.

With the additional services, you can put together your service package with the types of coverage that are most important for you and your family. Since you sign up for it at work, it’s usually cheaper than insurance that you could buy yourself. It’s also easier to qualify for insurance as part of a workplace group, often without answering health questions.

Consider these key types of ancillary benefits offered by providers like Unum and Colonial Life:

  • Life insurance is financial protection for your family in case something should happen to you. It can help loved ones pay for living expenses, debts, medical bills, and funeral expenses in addition to future needs such as tuition or retirement. Employer’s life insurance may not be enough to meet your family’s long-term needs.
  • Disability insurance is used to pay part of your income when you are sick or injured and unable to work.
  • Dental insurance helps reduce expenses for the most common dental procedures such as cleanings, fillings, crowns, dentures, oral surgery, orthodontics and other treatments.
  • Eyesight insurance helps cover the cost of exams, glasses, and contact lenses, and may include access to discounted materials and services through a network of vision care providers.
  • Accident insurance offers a flat-rate financial benefit that helps you pay expenses such as medical bills, co-payments, or emergency admission fees if you have an accident or injury.
  • Hospital insurance helps fund hospital stays and some outpatient surgery and diagnostic procedure plans.
  • Health insurance offers a general financial advantage if you are diagnosed with a variety of serious illnesses, such as: B. Heart attack, stroke, cancer, organ failure, Alzheimer’s, ALS and more.
  • Cancer insurance offers more specific coverage for the often overwhelming cost of cancer treatment, from initial diagnosis to recovery. It can also help pay for a variety of treatments and services, such as: B. Ambulance transport, hospitalization, radiation and chemotherapy, medication and surgery.

Benefits can help bridge the financial gap between workplace health insurance and your expenses. You can use your benefits for uncovered medical expenses such as deductibles and deductibles or non-medical expenses such as travel to treatment or childcare during recovery. These services offer valuable protection against many of the common but unexpected health events in life, such as accidents and illnesses.

In addition, you don’t have to be sick or injured to take advantage of the supplementary insurance. Many plans include a wellness benefit that pays a set amount when you undergo a health screening or diagnostic test.

Learn more at unum.com and Kolonialleben.com.

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