Supplemental Insurance for Employees
Supplemental insurance adds protection on top of an employee's health insurance. Two that small businesses often start with are hospital indemnity and life insurance.
Hospital indemnity
Pays fixed cash benefits for covered hospital stays, which employees can use for deductibles, bills or everyday expenses while they recover. It is not major medical coverage.
Life insurance
Group or voluntary life insurance helps an employee's family financially if the employee dies.
How to offer it
The business can pay, share the cost, or offer it on a voluntary basis where employees pay through payroll. Most group and voluntary plans have a minimum number of enrolled employees, and it varies by carrier and state.
Talk to a licensed agent: 954-306-1645Questions employers ask
What is supplemental insurance for employees?
Insurance a business makes available in addition to health insurance, such as hospital indemnity or life insurance.
Do employers have to pay for supplemental insurance?
No. Many businesses offer it on a voluntary basis, where employees pay.
Can small businesses offer supplemental insurance?
Most group and voluntary plans have a minimum number of enrolled employees, and it varies by carrier and state. A licensed agent can check what fits a team your size.
For employers
- Employer benefits overview
- Group hospital indemnity, explained
- How to offer benefits as a small business
- Voluntary benefits: are they worth it?
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Benefits Council is a licensed insurance agency. Hospital indemnity insurance pays fixed cash benefits for covered hospital stays; it is not major medical health insurance and does not replace it. Products, eligibility, participation requirements and benefits vary by carrier and state, and are subject to underwriting. Not connected with or endorsed by the U.S. government or the federal Medicare program. We do not offer every plan available in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.