Your Voluntary Benefits

No one likes to think about the possibility of an accident, but the very likelihood is inescapable. Think about it: Have you or anyone in your family ever had an automobile accident? Slip and fall? How about a bicycle or skiing accident? When was the last time you saw the inside of an Emergency Room? If you’re like most Americans, it wasn’t too long ago!

Medical insurance offsets most of the treatment costs for injuries resulting from an accident. But what about the out of pocket costs you don’t consider? There’s time off from work while you or a loved one convalesces, doctor visit and hospital co-pays, medical insurance deductibles, maybe child care expenses — even stocking up on ibuprofen and bandages! It’s inconvenient, expensive, and can make a serious dent in a family’s savings. Accident insurance provides a hedge against this possibility, paying a fixed, lump-sum benefit for injuries resulting from a covered accident — up to and including death if your employer’s plan includes that provision.

These benefits are paid directly to you or your designee, to use however you wish. The benefit schedule specifies payment amounts for events like hospitalizations, Emergency Room treatments, surgery, coma, paralysis, major diagnostic tests, physical therapy, fractures, burns, dislocations, etc.

Even with health insurance, a stay in the hospital can become costly quickly as out-of-pocket charges begin to add up. Hospital Indemnity Insurance can reduce the financial and emotional stress of a hospital stay by providing a lump sum cash benefit directly to you that can be used however you need, whether that’s for coinsurance or childcare.