Group Accident Insurance Plans

Accidents happen, and employees know it. That’s why top job candidates seek companies that offer accident insurance as part of their benefits package.

Call 1-401-385-5346 to learn more about offering ancillary products to your employees.

Why Offer Accident Insurance?

Did you know every second someone in the United States is hurt from an accident? Whether it’s from falling or getting hit by a car, accidents mean hefty medical bills. And if your company offers a high deductible health plan, employees could experience financial troubles before they meet their deductible.

That’s why many of today’s companies are adding accident insurance to their benefits packages. In fact, the sales of accident insurance plans grew by 11% from 2014 to 2015, according to one survey. And, in 2016, sales increased another 2.3%.1 Employers, especially those with high deductible health plans, are listening to their employees — they need additional financial protection on top of their medical plans.

Industry-leading Coverage

Accident insurance plans are offered by Colonial Life, a leading insurance company that was recently ranked #3 for new accident insurance sales.2 Coverage helps employees pay for medical bills and co-pays before they meet their deductible — or if they need extra financial support. The benefit covers:

  • Surgery and surgical care
  • Transportation and lodging assistance
  • Accident hospital care
  • Follow-up doctor visits
  • Accidental dismemberment
  • Catastrophic accidents
  • Accidental death
  • And more

Want to Learn More?

Ask your broker or call us today 1-401-385-5346.

Are you a Broker?

If you want to learn more about working with HealthSource RI for Employers, call our broker line today 1-855-683-6755.

Disclosures:
Note: Enrollment in these ancillary plans does not constitute enrollment in a QHP or enrollment through HealthSource RI. Consumers who choose to purchase ancillary plans do so directly through the issuer or through NFP Health. Enrollment in an ancillary plan does not constitute enrollment into a plan that offers minimum essential health coverage. Having minimum essential health coverage is necessary to meet the federal requirement to have adequate health insurance. Advance payment of premium tax credits and cost sharing reductions are not available for ancillary plans.

Sources:
1 – LIMRA’s 2016 U.S. Supplemental Health Sales and In Force Survey
2 – https://www.coloniallife.com/about/company