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!


Nextep Weekly Tip Signup

Also on Nextep

How to handle insurance during leave of absence Employee leaves of absence from work raise questions, especially about health benefits. Who shoulders the insurance premiums during the leave? Let’s untangle this knot one thread at a time. Paid Leave: Business as Usual Paid leaves are straightforward. Simply maintain regular benefit deductions from their paychecks as […]
Read more
Running a business is exciting, but let’s face it, it comes with its fair share of risks.  That’s why Nextep is thrilled to partner with CoverWallet, bringing you exclusive access to comprehensive commercial insurance designed to keep your company safe and sound. Aon’s enhanced platform is powered by CoverWallet, a digital broker designed to make […]
Read more
Taking Charge of Our Well-Being Amidst the hustle and bustle, it’s easy to overlook one of our most valuable assets—our health. Let’s take a moment to reflect on the importance of preventive healthcare because prevention truly is the best medicine for our well-being. What exactly is preventive healthcare? Well, it’s all about staying ahead of […]
Read more
Need help deciding on benefits? Just call your Health Advocate! Have you ever had a question about your benefits? Honestly, who hasn’t? Nextep Health Advocate program can help. Health Advocate is the nation’s leading healthcare advocacy and assistance company. Their experts help employees and their family members navigate the healthcare system, resolve healthcare and insurance […]
Read more
Empowering Employees to Take Control of Healthcare Expenses Healthcare costs can be a real burden on your wallet, affecting your finances and overall well-being. But don’t worry! With planning and proactive steps, you can take control and save money on your healthcare expenses.  Know Your Health Insurance: First, make sure you understand your health insurance […]
Read more
Did you know that mental health assistance is among the most sought-after employee benefits? (Source: Forbes) Nextep’s Aetna health plans are committed to providing comprehensive coverage for your mental and behavioral health needs. Let’s explore how we can support your healthier mind and body journey using your health benefits. Your mental health is a crucial […]
Read more
Exploring the Benefits of a Health Reimbursement Arrangement (HRA) You may have heard about a health reimbursement arrangement (HRA) as a money-saving option for your benefits, but what exactly is it? Is it right for your company? Let’s break it down. An HRA is a benefit plan where you, as the employer, cover a set […]
Read more
Republished with permission from Health Advocate Pride month is celebrated in June in honor of the 1969 Stonewall uprising in New York City. During that event, the LGBTQIA+ community protested for the right to socialize without harassment.  Today, Pride celebrations continue globally as jubilant expressions of how far the LGBTQIA+ community has come. The events […]
Read more
On January 30, 2023, the federal government announced that the two national emergencies addressing COVID-19, the public health emergency (PHE) and the national emergency, will end on May 11, 2023.  Starting May 12, 2023, health plans and group plan sponsors will no longer be subject to federal requirements for coverage of COVID-19 testing, vaccinations, and […]
Read more
Federally-Approved Qualifying Events You may have heard the term “federally-approved qualifying event” when making changes to your health benefits outside the open enrollment window. Here’s a quick rundown of what that means. Any tax-free employee benefits fall under Section 125 of the IRS code. Because the IRS regulates these benefits, employees are only permitted to […]
Read more
8 Easy Ways to Save Money on Health Care Costs Admittedly, there are many things out of your control when it comes to healthcare costs. But, there are still steps you can take that add up to more dollars in your pocket. Following these tips can help save money on health care costs. Use preventive […]
Read more
Virtual doctor visits via telehealth are on the rise We’ve long touted the benefits of telehealth. These virtual doctor visits, conducted via phone or video rather than in-person, are a great way to get help for several health issues. Commonly handled diagnoses include Allergies Bronchitis Earache Sore throat Sinusitis Tobacco cessation Pink eye Strep throat […]
Read more

Download Our App

Download the Nextep Mobile App in Apple iOS or Google Play