A Look At Some Lesser Known Benefits

Beth Dean 03.27.23

Is your pet insured? How about your identity?

We all know the value of the major benefits, such as health, dental, vision, life, telehealth, and disability. But what about some of the lesser-known benefits? You and your employees may be missing out on some significant advantages.

Pet Insurance

Protect your pets with pet insurance options. With coverage for many common ailments, accidents, and basic wellness, you can keep Fido healthy while saving more dollars. 

Pet insurance can cover several services, including accidents, injuries, common Illnesses, serious or chronic illnesses, procedures or services, including surgeries, hospitalization, hereditary and congenital conditions, visits to any vet, and prescription medications.

Identify Theft Insurance

17.6 million people have experienced identity theft (bjs.gov). ID theft protection goes beyond the basic coverage that banks or credit cards offer, typically at a fraction of the cost.

ID theft protection plans can provide a number of protective measures and resolutions, including proactive monitoring of public records to detect new cases of ID theft and identity restoration.

Legal Insurance

Legal benefits give you easy access to attorneys for various personal legal services. It’s like having your attorney on retainer. 

Legal issues arise when you get married, have a baby, prepare a will, buy or sell your home, or lose a spouse or a parent. The legal plan covers all attorney fees when you use a network attorney for covered services. It includes advice and consultations on an unlimited number of personal legal matters.

Hospital coverage

Hospital stays can be unexpected and costly, but it doesn’t have to hurt your budget. A hospital plan can help protect your finances from an unexpected hospitalization. You can get coverage for yourself or the whole family.

When you or a dependent are admitted to the hospital, you’ll receive a flat amount and a daily amount paid for every day of your or your dependent’s hospitalization.

Critical Illness BENEFITS

Potential out-of-pocket costs for a serious illness include copays, deductibles, experimental treatments, travel, childcare, and household help. The financial impact of a critical illness can be major or even devastating.

The critical illness plan can offer financial peace of mind, paying a lump sum directly to you for each covered diagnosis, such as cancer, heart attack, stroke, kidney failure, Alzheimer’s disease, and major organ transplants.

Accident Coverage

Even with excellent health care, an accident can require expensive treatments, tests, therapies, and other services. Accident coverage pays if you experience one of the covered accidents.

You can’t always prevent an accident, but this benefit allows you to prepare for one. Covered accidents include fractures and dislocations, burns, cuts, lacerations, skin grafts, torn knee cartilage, ruptured disc, concussions or coma, broken teeth, and more.

Employee Assistance Program

This benefit is often offered at no additional cost to employees and is an essential part of their overall wellness. Employees can benefit from the Employee Assistance Program (EAP) at every stage of their lives and careers. Its information services touch on everyday issues like budgeting and major purchases to health and education concerns.

Employees have access to all services through a single phone number or internet sign-on, saving time and providing easy access to valuable information. When you need help or just have a question, the EAP is an always-available resource, confidential and free of charge.

All of these lesser-known benefits complement your other benefits such as health coverage, and operate entirely independently from them. They are not meant to replace your major benefits. You can hold them concurrently with your other plans, and receiving a benefit from one will not interfere with obtaining benefit coverage from the other for the full amount.

To learn more about these and other benefit options, contact your Health Advocate or benefits expert at Nextep!


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