Group Accident Insurance:
Provides eligible employees with a lump-sum benefit paid directly to them to be used however they see fit. It can be used for personal expenses, bills, or out-of-pocket medical costs. Providing financial protection for individuals in the face of life’s unexpected events. Particularly useful to bridge the gap created by high-deductible health plans. Coverage is available for the Employee and their family on a guaranteed issue basis.
A few examples of triggering events:
- Emergency Room Visits
- Hospital Stays, including surgery
- Medical Diagnostic Exams
- Medical Equipment