Employee Benefits

Employee Benefits

Employers are increasingly looking at voluntary benefits, particularly accident, hospital indemnity and critical illness coverage, to help manage health care costs and round out the benefits package they offer to employees. Employers are coping with rising health care costs and, in many cases, shifting to high-deductible health care plans. In addition, employees are facing increased deductibles and other out-of-pocket medical expenses. These costs are only likely to rise as Patient Protection and Affordable Care Act (PPACA) requirements are implemented.

Workplace insurance coverages — life, disability, accident, critical illness and hospital indemnity — can help protect employees’ retirement savings. A death, critical illness, extended hospital stay, accident or disability can put a family on the financial brink and greatly impact retirement savings.

Voluntary benefits provide employers and employees the ability to offer insurance coverages such as accident, critical illness or hospital indemnity that can be paid by the employer, employee or both. Voluntary benefits are limited benefit policies that provide fixed payments as a result of an accident, hospitalization, illness or other covered condition.

Media Highlights
05/31/2013 | LifeHealthPro

ING U.S.'s Lydia Jilek authors her quarterly blog posting in which she explores the role that voluntary benefits plays in protecting retirement savings during one’s working y...

05/01/2013 | California Broker Magazine

ING U.S. Employee Benefits leader Heather Lavallee is a featured "industry ace" commenting on growing popularity of voluntary with shifts in the health care landscape an...

05/01/2013 | California Broker Magazine

ING U.S. Employee Benefits leader Lydia Jilek authors an article on open enrollment season and key considerations for brokers, employers and employees during this critical time.  Jilek fo...