Which of these accidental injuries have affected you, your employees, or your family?
* Broken Bone * Car Accidents * Sports Related Injury
* Falls & Spills * Burn * Dislocation
* Concussion * Laceration * Back or Knee Injuries * Accidental Injury resulting in an ER or Urgent Care visit
One of the reasons we have health insurance is to provide financial protection in case of an accident. However, for millions of working Americans, the gap between the expenses covered by an employer’s medical plan and their employees’ actual health care expenses is widening. With higher plan deductibles and lower employer contributions, more medical costs have shifted to the employees. This growing financial responsibility can become overwhelming to an employee when facing the medical and non-medical expenses incurred after an accident or injury. To help employees bridge these gaps and reduce their financial exposure, many employers are looking to accident insurance to supplement their traditional medical benefits.
Accident insurance is cost effective option to help employees cover their expenses due to an accidental injury. An accident policy is a personal indemnity plan. As such, the plan pays the insured directly and not the doctor, hospital or provider after a covered accident. This needed cash can help pay for plan deductibles and other associated out of pocket costs. Plans are available for employees and their families and can even be purchased solely for dependent children.
Voluntary accident plans are also really great for the employer. To keep pace in today's highly competitive job market, employers need to include a growing variety of quality plans and services within their benefit packages. The best and brightest employees want access to excellent benefits that will help them with the struggles that life brings. An accident plan is a great option to help reduce your employees’ financial exposure, reduce financial stress after an accident and help keep them focused and productive at work.
A voluntary accident policy can be offered to employees at no cost to the employer! By the employer sponsoring the plan, their employees can get access to group coverage they could not get on their own. They can even pay for their premium on a pre-tax basis under an IRS Section 125 Plan. If your company does not have a 125 plan in place, we can provide one for you for free!
California Tow Truck Asssociation & Colonial Life offers Members the Best Voluntary Options! Plus, they pay your employees for being well with their built in Wellness benefits!
Together we have teamed up to offer our members some of the very best voluntary benefits in the market. Through the CBX program we offer a diverse portfolio of plans including accident, critical illness, life and disability. Many of these options also include financial incentives to reward healthy behaviors! Wellness benefits from $50-$250 are built into the plans and are paid to covered individuals upon completion of routine preventive services.
If you would like to learn more about how California Tow Truck Association and Colonial Life can help your company, please reach out to our Benefit Consultant we have listed below.
Caryn Quin Phone: 800-437-8770 email: caryn@qaim.com
Voluntary Accident Plans - Helping Fill the Growing Financial Gaps Facing Employees
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