Many employers have increased health plan deductibles to manage costs, with some adding a high deductible health plan (HDHP). However, the resulting financial stress and delay in care can negatively impact workplace health, productivity, employee retention and ultimately the bottom line. Because of their limitations, HSAs have not effectively addressed these concerns. With BeneBoost, a supplemental health insurance plan that can help eliminate the perceived downsides of HDHPs.
*BeneBoost is a hospital indemnity plan providing confinement as well as additional out-patient indemnity benefits.
An employer-sponsored plan that delivers what HSAs and voluntary plans can’t.
Provides the extra protection of insurance with coverage for routine and unexpected medical expenses; benefits available from day 1.
Can be offered to all employees or select group(s) of employees; can offer to any enrollment tier (no need to match primary healthcare plan).
Coverage is only part of what BeneBoost offers. There are also the built-in conveniences and support services that make it easy to use and highly valued.
Voluntary insurance, also referred to as worksite voluntary insurance, is the most common type of supplemental health insurance. A few examples of voluntary insurance plans are critical illness, cancer and hospital indemnity. For years, voluntary insurance has dominated the supplemental market, which is why when employers and brokers think of supplemental insurance, their minds automatically […]
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Read moreAs companies navigate one of the most competitive business landscapes in decades, employee health benefits continue to play a critical role in operational success. Today, HR warriors are feeling the pressure to do more with less when it comes to benefits. While protecting the bottom line is a top HR priority, so is nurturing workforce […]
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