Protect your employees.
A strong benefits program can help you attract and retain employees while helping protect their financial well-being. Adding voluntary benefit options from Assurity, allows employees to customize benefits to fit their lifestyle. Benefits are paid directly to them, regardless of other coverage.
Consider this:
80%
of workers would keep a job with benefits rather than take one that offered more pay and no benefits.1
66%
of workers feel that benefits and perks are the largest determining factor in considering a job offer.2
6 out of 10
Employers offer at least one voluntary benefit to their employees. The number increases for large employers with over 80% of employers over 500 employees offering a voluntary product.3
23%
of employees who purchased voluntary benefits did so because they needed help with out-of-pocket medical costs.4
Worksite benefits give you peace of mind.
Voluntary group benefits are insurance options that employees can use to supplement core benefits they may get as part of a package. Employers negotiate these benefits so their employees can be more financially secure.
Affordable
Because the risk is spread across a larger pool of people, group benefits purchased through an employer are almost always more affordable than individual options.
Convenient
Payments are deducted from employees’ paychecks.
Offset HDHP costs
Voluntary benefits can cover unexpected out-of-pocket costs related to illness or injury, helping to ease the transition to high-deductible health insurance plans.
Coverage that adds up
Our group benefits provide complete, flexible, and affordable protection from the financial impact of hospitalization, a major illness or injury, or loss of income.
Group Benefits
Accident Expense
Pays cash benefits for injuries resulting from an accident that’s covered.
How it works
Big or small, accidents happen and the costs related to recovery can add up. Accident Expense insurance provides specific cash benefits for expenses that may not be fully covered by major medical insurance, like copays and deductibles.
Consider this
The average health insurance deductible for single coverage for covered workers in plans with a deductible has increased 39% over the past five years, from $1,135 in 2013 to $1,573 in 2018.1
Advantages
- Helps cover out-of-pocket expenses
- Benefit paid directly to the insured person
- Flexible plans can fit into a variety of budgets
- Guaranteed issue – no medical exams or tests to take
- No deductibles, copays or coinsurance
- HSA friendly
For example
You’re covered in case your daughter falls and sprains her ankle during a soccer game.
Benefits
| Ambulance ride | $500 |
| Emergency Treatment | $500 |
| X-Ray | $500 |
| Hospital Confinement | $400 |
| Hospital Admission | $3000 |
| Crutches | $125 |
| Total | $4,825 |
Critical Illness
Allows complete recovery from serious illness without the financial stresses of day-to-day living.
How it works
It’s difficult enough to get hit with a critical illness like cancer, stroke, or heart attack—let alone the bills that can stack up for survivors long after they’ve won their fight. Assurity’s Group Critical Illness Insurance is an affordable solution that pays a lump-sum benefit upon diagnosis, helping offset costs of care and providing the freedom to choose treatment options.
Consider this
17% of employees without critical illness insurance wouldn’t be able to pay an unexpected $4,000 bill.5
Advantages
- Helps cover out-of-pocket expenses associated with a critical illness
- Benefit paid directly to the insured person
- No networks, can see any doctor
- Flexible plans can fit into a variety of budgets
- Guaranteed issue–no medical exams or tests to qualify
- No deductibles, copays, or coinsurance
- HSA friendly
Hospital Indemnity
Pays benefits starting at admission for each day of hospital confinement.
How it works
Even with major medical coverage, a hospital stay can lead to serious financial obstacles. Assurity pays benefits starting at admission for each day of hospital confinement—reducing out-of-pocket costs related to unexpected hospital expenses. Employees can use the money however it helps them the most—to cover medical expenses, supplement lost income, or to pay for groceries, bills, or transportation.
Consider this
The average hospital stay is over 4.5 days and the average hospital bill is $11,259.6
Advantages
- Helps cover out-of-pocket expenses associated with a hospital stay
- Benefits paid directly to the insured person
- No networks, can see any doctor
- Guaranteed issue–no medical exams or tests to qualify
- Flexible plans can fit into a variety of budgets
- No deductibles, copays, or coinsurance
Disability Income
Provides short and long-term coverage to replace lost income due to an accident or sickness.
How it works
If an accident or sickness make work impossible, chances are the paychecks stop too. Disability insurance can help replace income (usually 60% of salary) and provide cash benefits for expenses that may not be fully covered by major medical insurance.
Consider this
Only 29% of Americans have enough emergency savings to cover at least six months of expenses, down from 31% in 2017. 7
Advantages
- Helps replace income and maintain financial stability
- Keeps focus on recovery, not finances
- Benefits are paid directly
Life Insurance
Pays a benefit to the insured person’s family to ease financial pressures when they are gone.
How it works
The family can use the money from life insurance to pay for childcare, college tuition, rent or mortgage, bridge retirement income gaps, and cover any final expenses.
Consider this
As of 2017, the average Social Security benefit currently being paid out to a retired worker is about $1,372 per month, or $16,464 per year. Life insurance can offer more financial stability. 8
Advantages
- Premiums won’t increase, even if health changes.
- Growth of the policy values is guaranteed at a competitive rate.
- So long as premiums are paid when due, the policy’s death benefit will never decrease.
Coverage that adds up
Our group benefits provide complete, flexible, and affordable protection from the financial impact of hospitalization, a major illness or injury, or loss of income.