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
04/05/2013 | HuffingtonPost Business

ING Retirement Coach article explores ways that people leave their retirement to luck, focusing on income protection and college and legacy planning.  Author Jacob...

04/01/2013 | Life and Health Advisor

InProfile features Heather Lavallee, ING U.S.'s president of employee benefits distribution.  Lavallee points out that workplace coverage has never been more important, citing IN...

03/06/2013 | BenefitsPro

Blog posting by ING Employee Benefits' Lydia Jilek explores the shift underway in the voluntary market that is helping employers provide consistent coverage to all employees and simpl...