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Supplemental Employee Benefits More and more studies show that health care costs continue to rise in this country. Many employers are reacting by revising their insurance and benefit offerings to reflect this trend and compensate for increased costs.
Supplemental insurance can be a great option for employees who want or need expanded coverage in a particular area such TDI and Life Insurance, which can be conveniently deducted from employee pay. Supplemental insurance give employees a wider range of coverage options at no cost to the employer. Our provider Colonial Life and Accident Insurance is an alternative to Aflac. Employer Services – Provided at No Cost
Employee Menu - 100% Employee-Paid and VoluntaryAccident Insurance Available for employee, spouse and children à Helps offset the unexpected medical expenses, such as emergency room fees, deductibles and co-payments, that can result from a fracture, dislocation, or other covered accidental injury. Specific dollar amounts are paid for specific injuries. Short Term Disability InsuranceAvailable for employee only à Helps replace a portion of your income if you are unable to work due to a covered illness or off-the-job injury. This coverage is separate from any benefits provided under Rhode Island’s Temporary Disability Insurance (TDI) program. Life Insurance – Term and PermanentAvailable for employee, spouse and children à Enables you to tailor coverage for your individual needs and helps provide financial security for your family members. Permanent and term life insurance programs are available to help your family deal with day-to-day living expenses if the unexpected happens. Cancer InsuranceAvailable for employee, spouse and children à Helps offset the out-of-pocket medical and indirect, non-medical expenses related to cancer that most medical plans don’t cover. Specific dollar amounts are paid for specified cancer treatments. This coverage also provides a benefit for specified cancer screening tests. Critical Illness InsuranceAvailable for employee and spouse only à Complements major medical coverage by helping employees pay the direct and indirect costs associated with a specified critical illness (heart attack, stroke, major organ transplant, end stage renal failure, coronary artery bypass surgery). Optional coverage for cancer/carcinoma in situ is also available. A lump sum benefit is paid upon diagnosis of a covered critical illness. This coverage also provides a benefit for specified health screening tests. Hospital Confinement (“Medical Bridge”) InsuranceAvailable for employee, spouse and children à Helps to supplement your existing medical coverage so that you are better prepared to pay the medical and non-medical expenses associated with a hospital stay or outpatient surgery. Benefits are payable as a lump sum per covered occurrence.
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