The Rise of Supplemental Health Plans

The Rise of Supplemental Health Plans

The escalating cost of health care continues to impact American businesses and 5 percent for family plans ($19,616).

For employers, the challenge is finding funds to continue providing adequate and retain employees. In a tight labor market, a robust benefits package will be something many prospective employees seek.

For those insured through employer-sponsored health coverage, the challenge is dealing with rising out-of-pocket costs as many businesses switch to high deductible health plans (HDHPs). A high deductible plan lowers health care costs for employers and reduces monthly premiums for employees as well. Yet, while there are advantages to HDHPs, unexpected medical bills can be an issue.

Uncertainty around the future of health care is something both organizations and their budgets.

One of those solutions is supplemental coverage known as medical gap insurance. Download our FREE guide and add value to benefits packages while giving employees peace of mind regarding unforeseen health care needs.

Download our FREE guide to Medical Gap Insurance

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