Why offer supplemental health insurance?

Offering employees supplemental health insurance as a voluntary benefit is a  solution you can implement for your employees. It’ll help employees maintain financial stability and will help you attract and retain a productive workforce. Supplemental health insurance benefits — accident, cancer, critical illness, and hospital indemnity insurance — are among the fastest-growing benefits.

Surprise! Voluntary benefits cover that

What exactly does supplemental health insurance supplement?

Types of Supplemental Health Insurance Plans

Accident Insurance3

Accident insurance provides benefits to employees for more than 40 different accidental injuries requiring treatment, urgent care, or hospitalization, including common injuries such as burns and fractures, or services during treatment and recovery such as ambulance transportation, physical therapy, and X-rays. Payouts are based on covered treatments, regardless of whether a medical plan also covers treatment costs. Three plan levels are available to meet the needs of employers and employees. Plans will increase benefits for covered children injured while participating in an organized sport.

With accident insurance from Guardian:

  • You can choose from four standard schedules of coverage that determine the amounts paid to insured employees, with additional options for flexibility  .
  • You are able to offer multiple plan options to employees
  • There’s a simple four-tier rate structure with 24-hour or off-the-job plan design options
  • Wellness riders can be included, supporting a comprehensive list of eligible screenings and preventive procedures, including smoking cessation and weight-loss programs as well as annual physicals
  • The Child Organized Sport Benefit pays up to an additional 25* percent of child benefits if a covered dependent child (aged 18 or younger) is injured while participating in an organized sport (child must be insured by the plan on the date the accident occurred)
  • Chiropractic visits can be a covered benefit depending on the plan schedule selected

Cancer Insurance4

Cancer insurance provides a lump-sum payment for cancer diagnosis, screenings, and treatment. Payments are made to the employee, regardless of medical insurance, and can be used for any purpose. Guardian offers three cancer insurance plan levels that cover a wide range of budgets and employee needs.

  • Benefits for procedures and treatments, such as surgery, chemotherapy, and radiation
  • Cancer screening benefit available that includes procedures such as mammograms and colonoscopies
  • Attained-age, issue-age, or composite rates available
  • Conditional guaranteed issue with one health question
  • Special underwriting consideration on takeover opportunities

Critical Illness Insurance5

Critical illness insurance complements medical and disability insurance by providing a lump-sum benefit paid directly to a covered employee on the diagnosis of more than 30 different major, chronic, and debilitating illnesses such as stroke, heart attack, cancer, Alzheimer’s disease, and Parkinson’s disease. Plans can be tailored for different sized groups and with varying coverage riders.

  • Lump-sum benefits are available up to $50,000, with guaranteed issue amounts available starting at employee groups of at least 10
  • Benefit options allow you to select the coverage that best meets your needs
  • Pays for the first occurrence of a critical illness while insured with the option to include recurrence benefits
  • No lifetime maximum. Benefits are payable on all conditions.
  • Children are covered at no additional cost, and no health questions are required
  • Cancer benefits can be excluded to ease bundling with a stand-alone cancer insurance plan
  • Attained-age or issue-age rates are available

Hospital Indemnity Insurance6

Hospital indemnity insurance softens the financial impact of higher medical plan deductibles and other out-of-pocket costs associated with hospital admissions.

  1. Helps reduce the financial burden of high deductibles and/or co-pays
  2. Pays indemnity benefits directly to the employee whether or not charges are covered by medical plan
  3. Highly flexible plan design
  4. Sickness-only coverage option

Get the voluntary benefits your employees will love

The value that voluntary benefits can offer to your workforce is clear. Guardian can help you decide on the right mix for your business.

Let’s go!

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Disclaimer

In some states, the Child Organized Sport Benefit pays an additional 20%, while other states pay up to 25%. Please see your plan for more details.

1

In New York State, Critical Illness is referred to as Specified Disease.

2

U.S. Voluntary/Worksite Sales Report, Eastbridge Consulting Group, 2016.

3

Guardian's Accident Insurance is underwritten and issued by The Guardian Life Insurance Company of America, New York, NY.  Products are not available in all states.  Policy limitations and exclusions apply.  Optional riders and/or features may incur additional costs.  Plan documents are the final arbiter of coverage.  This policy provides Accident insurance only.  It does not provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services. IMPORTANT NOTICE –THIS POLICY DOES NOT PROVIDE COVERAGE FOR SICKNESS. Policy Form # GP-1-AC-BEN-12, et al.

4

Guardian's Cancer Insurance is underwritten and issued by The Guardian Life Insurance Company of America, New York, NY.  Products are not available in all states.  Policy limitations and exclusions apply.  Optional riders and/or features may incur additional costs.  Plan documents are the final arbiter of coverage.   This policy provides limited benefits health insurance only.  It does not provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services. Policy Form # GP-1-CAN-IC-12, et al.

5

Guardian's Critical Illness Insurance is underwritten and issued by The Guardian Life Insurance Company of America, New York, NY.  Products are not available in all states.  Policy limitations and exclusions apply.  Optional riders and/or features may incur additional costs.  Plan documents are the final arbiter of coverage. This policy provides limited benefits health insurance only.  It does not provide basic hospital, basic medical or major medical insurance as defined by the New York State Department of Financial Services.  Policy Form # GP-1-CI-14.

6

Guardian Hospital Indemnity Insurance is underwritten by The Guardian Life Insurance Company of America, New York, NY and will not be effective until approved by a Guardian underwriter.  Products are not available in all states. Policy limitations and exclusions apply. Optional riders and/or features may incur additional costs. Plan documents are the final arbiter of coverage. This policy provides limited hospital insurance only. It does not provide basic medical or major medical insurance as defined by the New York State Department of Financial Services. Policy Form # GP-1-HI-15

This advertising content is not currently intended for anyone in the state of New Mexico, Washington and Wyoming.

WY Cancer Insurance Disclosure:

Right to Return: If you are not satisfied, you may return the certificate within 30 days after receipt. The amount of premium you have paid will be refunded provided no claim has been incurred during the 30-day period. Your certificate will then be void, as though you had never applied for the insurance.

Proof of Insurability: If your plan requires proof of insurability, it will be shown in the schedule of insurance.  Your coverage may not become effective until you submit proof of insurability to us. 

Benefit Waiting Period: If your plan has a benefit waiting period, it will be shown in the schedule of insurance. This period starts on the date you are first covered by the plan. We do not pay benefits for cancer that is diagnosed during the benefit waiting period.

Pre-Existing Conditions: If your plan has a pre-existing condition limitation, it will be shown in your certificate.  A pre-existing condition is a cancer, whether diagnosed or misdiagnosed, for which in the 90 days before you become covered by this plan, you: (1) received advice or treatment from a doctor; (2) underwent diagnostic procedures; (3) were prescribed or took prescription drugs; or (4) received other medical care or treatment, including consultation with a doctor. This plan will not pay benefits for cancer that is caused by, or results from, a pre-existing condition if the cancer occurs during the first 12 months that you are covered by this plan.

Exclusions: This plan will not pay benefits for the following: services or treatment not included in the schedule of insurance; services or treatment provided by a family member; services or treatment provided primarily for cosmetic purposes; services or treatment for premalignant conditions; services or treatment for conditions with malignant potential; services or treatment for non-cancer sicknesses; cancer caused by, contributed to by, or resulting from: (1) participating in a felony, riot or insurrection; (2) intentionally causing a self-inflicted injury; (3) committing or attempting to commit suicide while sane or insane; (4) your mental or emotional disorder, alcoholism or drug addiction; or (5) engaging in any illegal activity; or (6) serving in the armed forces or any auxiliary unit of the armed forces of any country; cancer arising from war or act of war, even if war is not declared.

Benefits: Your plan may include the following benefits: air ambulance; alternative care (palliative care or Lifestyle benefits); ambulance; anesthesia; anti-nausea medication; attending doctor; blood, plasma and platelets; bone marrow and stem cells; cancer screening, cancer screening follow-up; experimental treatment; extended care facility/skilled nursing care; government or charity hospital; home health care; hormone therapy; hospital confinement; immunotherapy; intensive care unit confinement; inpatient special nursing; medical imaging; outpatient and family member lodging; outpatient or ambulatory surgical center; physical or speech therapy; prosthetic devices; radiation therapy and chemotherapy; reconstructive surgery; reproductive benefits; second surgical opinion; skin cancer; surgical benefits; and transportation/companion transportation.

The benefits, exclusions, and limitations listed above do not constitute a contract and are a summary. The full plan description, including the benefits and all terms, limitations and exclusions that apply will be contained in your certificate of coverage. The plan documents are the final arbiter of coverage. Coverage terms may vary by state and employer-sponsored plan.

2020-109926  20221130