What Types of Ancillary and Voluntary Health Insurance Plans are Available for Your Clients?
For a monthly premium, participants are entitled to dental benefits that can include x-rays, cleanings, regular checkups, and other services that promote general dental health. Some plans also provide coverage for dental implants, certain types of oral surgery, or orthodontia. The level of coverage and out-of-pocket costs for the employer and participants are dependent upon the carrier and plan type selected.
Group Life Insurance
Life insurance offered by an employer or large-scale entity (i.e. association or labor organization) to its workers or members. Group life insurance is typically offered as a piece of a larger employer or membership benefit package.
Short and Long-Term Disability Insurance
Short-term disability insurance covers a percentage of a participant’s lost salary resulting from injury or illness. Duration and benefits vary by carrier and plan type selected, but six months is typical. Long-term disability insurance protects participants from catastrophic illness or injury. These policies provide participants coverage where short-term disability policies leave off, and can last anywhere from five years to until age 65.
Vision insurance is usually offered as a vision benefits package or a discount vision plan. Both kinds of vision insurance can be custom-designed to meet the different requirements of a wide range of groups, and generally cover vision needs including annual eye exams, eyeglasses, contact lenses and LASIK and PRK vision correction at discounted rates.
Request an ancillary or voluntary health insurance quote today! Or, contact your Flex Sales Representative for more information on selling ancillary and voluntary insurance plans.