Supplemental health insurance
Life can change in an instant. When your health is dealt an unexpected blow, your time and energy should be spent on getting well – not worrying about how to pay for the care you need while staying on top of household bills.
Supplemental health benefits can offer an economical way to support wellbeing when employees must deal with unforeseen medical challenges. Whether it’s an X-ray for a sprained ankle, surgery after an accident, or critical care for a serious diagnosis, the financial support these benefits provide can make all the difference to employees and their families.
Do your employees have the money to weather a medical emergency?
Your people are your greatest asset. But chances are, their assets might not be enough to keep them financially afloat in a health crisis. Even with generous salaries and medical benefits, increasing deductibles and premiums are squeezing employees. That means many workers in the United States still face tough odds, especially after a sudden medical event.
- $2,500
- 4 in 10
- $30,000
The average cost of a three-day hospital stay.3
How supplemental health insurance helps your employees – and your business
Supplemental health insurance can provide the extra support employees need, while helping employers expand benefit options. Offering supplemental health coverage sends a strong message: “I value the time and effort you give to my business, so I have your back if times get tough for you.” Workers who have supplemental health insurance through their employer are 33% more likely to report high overall well-being and 25% more likely to want to stay with their current employer.5
Supplemental health insurance basics
- What does supplemental health insurance do?
Supplemental health insurance plans provide payouts after certain unexpected events that require medical attention, such as accidents, serious illnesses, and hospital stays.
- How much does supplemental health insurance cost?
At about the cost of a latte a day per product for an average 45 year old with family coverage, we make supplemental health insurance plans modest enough to offer to employees on a voluntary basis if your organization chooses.
How supplemental health insurance works with other benefits
- How does supplemental health insurance work with medical insurance?
These benefits complement medical insurance by providing money to help cover expenses such as copays, deductibles, and coinsurance, as well as everyday costs such as rent, groceries, gas, or childcare—helping the insured person reduce or prevent financial stress.
- How does supplemental health insurance work with disability insurance?
Supplemental health insurance can provide added financial support in the event an employee needs to use disability benefits. For example: An employee may need to go on short-term disability to recover after an extended hospital stay, a heart attack, or after being diagnosed with an illness like cancer – all “payable events” that different types of supplemental health insurance could cover. When a disability claim is filed, Guardian will automatically look for other qualifying coverages, then give the employee all the benefits that apply to their claim in one check.
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