Your Voluntary Benefit
Plan Choices
Voluntary Benefits— Voluntary benefits—or supplemental benefits—are insurance products offered through an employer but are paid for partially or solely by workers through payroll deductions.
Voluntary benefits programs allow employees to enroll in accident, disability, critical illness, and dental insurance at significantly lower rates than they would pay as individuals.
Voluntary Benefits pay tax-free money directly to an employee upon the occurrence of a covered injury or illness.
Most employees use the funds to cover their deductibles, coinsurance, and medical expenses not covered by their standard insurance policies. In addition, an employee may use funds to pay for utilities, groceries, house payments, and lunch for the kids.
Voluntary Benefits Plans
Other Plans Available By Request
Dental Plus Vision Insurance
Dental insurance can provide benefits for both routine and more expensive dental procedures that are not covered by most health insurance plans. They typically include cleaning, fillings, sealants, tooth removal, crowns, and dentures – and may also provide benefits for regular dental appointments. Vision Insurance is an optional rider to the dental plan.
Life Insurance
Accident Insurance
Hospital Indemnity Insurance
Critical Illness
Colonial Life’s individual Specified Critical Illness 1.0 insurance helps your employees and their families maintain financial security during the lengthy, expensive recovery period of a critical illness. It provides a lump sum benefit to help with the out-of–pocket medical and non-medical expenses of employees who suffer a critical illness.
INDIVIDUAL DISABILITY
Colonial Life’s voluntary short-term disability insurance policy is an individual plan that is sold via payroll deduction at the workplace. It insures your employee’s paycheck by replacing a portion of your employee’s income if he becomes disabled because of a covered accidental injury or covered sickness.