Ancillary Benefits Types:
Dental: Can be a stand alone policy or an added-on the health insurance plan with most carriers.
Life: In most cases, carriers require employers to purchase a minimum term policy on employees. Ex. $10,000. Employees can then "buy-up" to a higher benefit if they are interested. Life insurance is generally based on age and gender and is usually fairly inexpensive for most age groups.
Vision: Can be a stand alone policy or an added-on to the health insurance plan with most carriers. Many carriers also offer a free discount plan with the health policy.
Short Term Disability: Short-Term disability plans provide income replacement up to the purchased amount for injuries and illnesses that are not work-related. The employer determines at the start of the policy what the time out of work before benefits are to be payable. Maternity can be included or excluded as a payable condition. Short-Term Disability benefits are payable for u to 6 months. At that point, Long-Term Disability benefits, if applicable, would take over.
Long-Term Disability: Long-Term disability plans provide income replacement for long-term injuries or illnesses that are not work-related. The employer determines the period upon which benefits become payable at the initiation of the policy. Provisions can be made for benefits to be payable if the employee cannot perform their occupation or any occupation.
Cancer Protection/Serious Illness: These plans usually pay a cash amount when the covered person is diagnosed or receives treatment for cancer or serious illnesses.
