Supplemental insurance benefits come in many forms:
- Critical Illness Insurance
- Disability Insurance
- Long-term care Insurance
- Dental/Vision Insurance
- Life Insurance
Offering these coverages to your employees through a group plan provides value to the employees as the cost of group coverage is typically less than the cost of individual coverage. You can offer to pay all or part of the cost of premiums to enhance the value of the benefit, or you can offer these benefits on a voluntary basis providing access to the employees at minimal cost to you as the employer.