Supplemental Insurance Plans
Every business owner wants to attract and retain talented employees. Offering supplemental insurance plans in addition to your traditional group health plan can help.
Types of Supplemental Insurance
Supplemental health insurance helps employees find health coverage that meets their specific needs, which is why GMS offers a variety of health coverage options. Through our buying power, we can provide access to voluntary benefits at competitive rates that employees may not be able to secure on their own. When you partner with us, you give your employees the option to choose supplemental health insurance for:
Life
Dental
Vision
Accident, Critical Illness, and Hospital Indemnity
Long-Term and Short-Term Disability
Pet
Pre-Paid Legal
Home and Auto
Telemedicine
Why Offer Supplemental Insurance?
Offering supplemental insurance can help you create a more well-rounded, competitive benefits package while giving employees greater choice in their coverage. Also known as voluntary benefits, these plans complement your group health insurance plan by allowing employees to select additional protection based on their individual health and financial needs.
Benefits for Both Employers & Employees
By offering supplemental health insurance, your employees will benefit from:
- Less expensive supplemental insurance coverage than purchasing an individual policy
- More health care options allow for greater customization and personalization
- Greater confidence and security in their health and financial future
Supplemental health insurance plans for small businesses can be offered to employees at little-to-no direct cost to employers. As a result, small business owners can experience the following:
- Increased job satisfaction among employees
- Improved talent acquisition
- Decreased employee turnover
- Reduced costs in time and money
- Reduced workers’ compensation claims
Supplemental Insurance Benefits
Supplemental health insurance plans provide your employees peace of mind because it covers expenses that traditional group health plans do not. Depending on the policy, supplemental insurance may provide a cash benefit paid out over a period of time or given in one lump sum that can be used to cover the cost of:
- Deductibles
- Copayments
- Coinsurance
- Lost wages (due to injury or illness)
- Transportation (related to your health condition)
- Medication costs
- Out-of-network fees