Voluntary Benefits Survey 2019

HEALTHCARE VOLUNTARY BENEFITS

VOLUNTARY BENEFITS SURVEY 2019

Compiled by THORA MADDEN

Voluntary employee-paid benefits—called

supplemental benefits by some carriers—are continually popular. These benefits offer employees the convenience and the discounted rates that they wouldn’t have access to on the individual market. But how do you choose which voluntary or supplemental benefits to present to clients? Cal Broker’s annual survey of insurance carriers helps insurance agents and brokers stay on top of plan changes from year to year. Dive in below. And please email us if there’s something you’d like added to next year’s survey: editor@calbrokermag.com.

1. Please list the voluntary/employee-paid benefits that you offer along with the minimum group size for each offering:

Rich Williams, Executive Vice President and Chief Distribution Officer, Aflac:

Aflac’s supplemental insurance plans can complement any benefits package by offering an additional layer of financial protection if the unexpected happens. Aflac offers the best of both worlds—group and individual products ranging from accident and disability to hospital and vision. In addition, the plans offer direct-to-the-insured cash benefits, unless otherwise assigned, to help cover what other insurance plans may not. Aflac pays cash benefits quickly—oftentimes in as little as one business day*—so insureds can focus on

getting better instead of their finances. Individual insurance policies available through Aflac:

• Accident

• Cancer/Specified-Disease

• Critical Care & Recovery

• Dental

• Hospital Confinement Indemnity

• Hospital Confinement Sickness Indemnity

• Hospital Intensive Care

• Life

• Lump Sum Critical Illness

• Short-Term Disability

• Vision

Group insurance plans available through Aflac Group:

• Accident

• Worksite Disability

• Dental

• Critical Illness

• Hospital Indemnity

• Worksite Life

Clients are requested to establish an account by completing and signing a Payroll Account Acknowledgement form and allowing three separate W-2 employees to apply for at least one Aflac policy. Aflac Group requires a minimum of 25 payers to establish group billing.

18 | CALIFORNIA BROKER - CalBrokerMag.com - MAY 2019

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