More and more studies show that health care costs continue to rise in this country. Many employers are reacting by revising their insurance and benefit offerings to reflect this trend and compensate for increased costs. What do these changes mean for you?
Sixty percent of employers offered health benefits in 2007, similar to the 61% offer rate reported in 2006 but lower than the 69% offer rate in 2000. Source: Kaiser Family Foundation and Health Research and Educational Trust Survey, 2007
How will these possible benefit reductions and increased benefit costs affect your insurance coverage? What about next year? What changes will it bring?
Traditional medical insurance doesn't cover every expense related to an illness, injury or death. The bills and expenses continue to add up, especially if you have to stop working and lose your income. How will you pay the deductibles or co-payments, and other increasing medical costs not covered by your employer-sponsored insurance plan?
Voluntary insurance can help you prepare for these and other out-of-pocket expenses. Most of all, these plans help take away the worry about how you will pay your out-of-pocket medical and other everyday life bills. Without this worry, you can focus on getting better.
Colonial Life voluntary benefits are offered at the worksite (through your employer) and feature convenient payroll deduction for premium payments. Plus, many plans can be purchased through a flexible benefits plan, allowing you to save money by paying for valuable Colonial Life coverage with pre-tax dollars.
