Understanding Voluntary Benefits
Accident insurance is essential for active families or those who may not have the savings to cover expenses related to an accidental injury or unexpected surgery.
Accidents are the fourth leading cause of death in the United States. That’s why accidental death and dismemberment insurance is worth knowing about.
What is Critical
Critical Illness Insurance pays you a lump sum benefit in the event that you or your spouse are diagnosed with an illness like cancer, stroke or heart attack.
Hospital Indemnity Insurance is supplemental insurance that helps you pay for expenses incurred during a hospital stay that are not covered by health insurance.
What is Long-Term
Long-Term Care Insurance helps you pay for expenses if you are unable to perform basic activities for an extended period due to illness, injuries or disabilities.
What is Long-Term
Long-Term Disability Insurance provides financial protection if you are unable to work for an extended period of time due to a serious accident or illness.
What are Beneficiaries?
When you purchase a life insurance policy, you will be asked to designate beneficiaries. This video provides an overview of this common, but not always understood term.
What are Commuter Benefits?
Commuter benefit accounts are an increasingly popular way to save money and fund expenses related to commuting and parking at your workplace.
Telehealth Urgent Care Hospital
Healthcare options can be confusing! This video walks through the differences and common use cases for three types of care: telehealth, urgent care and hospital/emergency room.
Everything you need to
know about COBRA
COBRA provides the ability for you and the dependents covered on your health plan to keep coverage after you lose your job or lose coverage for other reasons.
What is Evidence
of Insurability (EOI)?
Some insurance plans require you to show you are in good health. This is called Evidence of Insurability, or EOI, and is most common with life and disability plans.
the Form 1095-C?
All full-time employees at companies with more than 50 full-time employees will now receive a Form 1095-C to report health care coverage offered by employers.
Understanding Savings Accounts
Everything you need to know about 401(k)s
A 401(k) is a retirement savings plan sponsored by an employer that lets you save and invest a piece of your paycheck before taxes are taken out.
Everything you need to
know about Health FSAs
A Health Flexible Spending Account (FSA) is a pre-tax savings account that can be used for out-of-pocket healthcare expenses, such as medications and copayments.
Understanding Health Insurance
What is Vision Insurance?
If you currently wear glasses or contacts, vision insurance can significantly reduce your costs for routine preventive eye care and prescription eyewear.
A copay is a fixed, set amount of money you must pay each time you visit the doctor or purchase medication when using your health insurance plan.
Dental work is usually not covered by standard medical insurance, so voluntary dental insurance can fill this gap in coverage and keep you smiling.
In- and Out-of-Network?
In-network health care providers have agreements with your insurance carrier and will typically offer services at a set rate. Out-of-network providers do not.
Understanding Medical Plan Types
Medical plans differ in how much you pay out of your paycheck versus how much you pay at the doctor and how much freedom you have in choosing a doctor.
Both give more options for doctors than an HMO. PPOs cost more per month, but have a lower deductible. HDHPs have lower monthly costs, but higher deductibles.
A PPO allows you to choose from a larger pool of doctors than other plans, requires a copay and typically has a higher monthly cost than other plans.
HDHP cost less per month, but have a higher deductible. A health savings account can cover out-of-pocket health expenses before you hit your deductible.
Get the word out! Use these templates to educate
employees on the benefit topics in our video library.
Use this template to remind folks of when they can enroll and make changes to their benefits selections. Great for a midyear reminder!
This template explains the defined contribution benefits model. Send it out when you make the big switch from defined benefits.
Send this email to new employees to educate them on benefits concepts to prepare them for enrolling in your benefits.