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
01/16/2013 | LifeHealthPro

Article by ING U.S.’s Lydia Jilek and Mary Sullivan makes the case that, for the self-insured employer, critical illness insurance can be paired with stop-loss insurance to build...

09/12/2012 | Employee Benefit News

Feature on ING U.S.'s life insurance study - Insurance Revealed - with link to Insurance CEO Butch Britton video appearance

07/23/2012 | Insurance Networking News

Insurance Networking News

has recognized Heather Lavallee, president of ING Employee Benefits Distribution as a winner of the 2012 annual Women in Insurance Leadership aw...