Voluntary Worksite Benefits and Hospital Indemnity Insurance
In an era of uncertainty, workers and business owners, alike, want to be protected against worst-case scenarios. Voluntary worksite benefits, including hospital indemnity insurance and critical illness protection, offers partial income replacement and money to cover medical bills and hospital care.
Replace Income During a Medical Emergency or Critical Illness
In states that offer statutory disability, like New Jersey and New York, or paid family and medical leave, like Connecticut and Massachusetts, critical illness protection or critical health insurance can supplement this income. In other states, critical illness protection is important to help employees pay bills and help business owners maintain their standard of living even in the event of an accident or long-term critical illness.
Multiple Coverage Options for Peace-of-Mind
Especially today, employers are looking to offer their workers the best benefits packages available to cover them in virtually every contingency. Our country has faced some of the most challenges times in recent history during the pandemic. People are coming out of the emergency situation with a better grasp of their finances and knowledge of what they need to survive – and thrive – financially in difficult times.
Hospital indemnity insurance plans may offer Day-1 coverage for COVID-19 and other illnesses, unlimited pregnancy coverage, and options for coverage of mental health and substance abuse disorders.
Accident coverage may provide lump-sum cash payouts for 80+ accidental, off-the-job injuries. Some policies may offer flexible features such as coverage for childcare, home health care, joint replacement surgery and even alternative treatments such as acupuncture.
Critical illness protection, or critical health insurance, can also provide coverage for those suffering from COVID-19, long-haul COVID-19 patients, and a variety of other common critical illnesses including heart disease, stroke, cancer, and symptoms related to diabetes. Policies are flexible and employers can choose coverage for specific illnesses to increase coverage for at-risk populations or reduce coverage to lower premiums.
Let Us Help You
Now more than ever, employees are stressed about their health and finances simultaneously. One study by The Hartford discovered that millennials, workers with children, and low-income households with annual income under $50K were the most stressed segments of the population.
In a Prudential study reported by Forbes, 40% of employees said they were more likely now than they were pre-pandemic to accept a job with better employee benefits, including emergency medical coverage, disability insurance, Group Life / AD&D, and paid family leave benefits.
No doubt, group voluntary worksite benefits can add peace-of-mind and solve a host of problems when it comes to recruiting and retaining workers at every level. But these benefits can be difficult to understand.
Just as we’ve done with Paid Family Leave in New York and PFML benefits now sprouting up nationwide, The DBL Center team is here to provide you with the information and resources you need to successfully educate clients and sell voluntary worksite benefits through a consultative approach.
Leverage The DBL Center’s Relationships with Top Carriers for the Best Rates
The DBL Center works with top insurance carriers in the industry to secure the best premium pricing and robust benefits packages for our insurance brokers across the U.S. Benefits may be offered individually or bundled as packages for added cost savings and convenience.
Critical illness insurance has flexible payment options for employers, making these benefits choices a no-brainer for many company leaders and HR executives looking to recruit and retain top talent in a highly competitive environment.
Employers can choose from:/
- 100% employee-paid voluntary benefits
- Employer-paid benefits
- Cost-sharing options
About Voluntary Worksite Benefits or Ancillary Benefits
Voluntary worksite benefits, often called ancillary benefits, encompass a wide range of coverage options including:
- Long-term disability
- Group Life / AD&D
- Dental insurance
- Vision coverage
- Hospital Indemnity Insurance
- Critical illness protection / Critical health insurance
- Accident coverage
DBL Center brokers can bundle benefits together for your clients for added cost savings and a single-point-of-contact for greater client satisfaction. Meanwhile you can boost your bottom line and grow your book of business with less work.
Take Advantage of Our Broker Dashboard and Our Knowledgeable Team
The DBL Center’s proprietary Broker Dashboard: Net Revenue Tracker makes it easy for you to track renewals, cancellations, and commissions, and to spot opportunities to upsell voluntary worksite benefits to loyal clients.
Our team, including Larry Estridge, our Regional Vice President for Group Worksite Benefits and Lori S. Rose, our AVP of Ancillary Lines, can help you find the best employee benefits solutions for your clients.
Reach out today to grow your book of business with voluntary worksite benefits, critical illness insurance, and hospital indemnity insurance.