Voluntary benefits are a growing trend that allows employers to enhance their overall benefits package. While voluntary dental, vision, life and disability insurance are familiar, the popularity of critical care insurance has been growing dramatically. Critical care coverage typically pays a lump sum directly to the insured upon diagnosis of a covered critical illness and is generally used for daily living expenses and things like co- payments, mortgage payments and childcare. This increasingly popular offering can provide a financial safety net against hardship driven by out-of-pocket medical expenses.
In cooperation with NAEBA