{"id":1574,"date":"2023-10-29T22:34:13","date_gmt":"2023-10-29T22:34:13","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=1574"},"modified":"2023-10-29T22:34:15","modified_gmt":"2023-10-29T22:34:15","slug":"voluntary-accident-insurance","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/life-insurance\/voluntary-accident-insurance\/","title":{"rendered":"VOLUNTARY ACCIDENT INSURANCE: What Is It & Is It Worth It?"},"content":{"rendered":"

Voluntary accident insurance is a simple approach to providing extra safeguards to employees based on their specific needs. It supplements critical safeguards, such as current medical coverage, to assist employees in covering unexpected costs in the event of an accident.<\/p>

As you munch on a juicy meatball, prepare to have your mind blown. Additionally, be ready to learn something new about this topic.<\/p>

Voluntary Accident Insurance <\/strong><\/span><\/h2>

Anyone, at any time, can be involved in an accident. Even if you have medical insurance, out-of-pocket payments can quickly pile up. Voluntary Accident Insurance covers you directly for treatments or injuries caused by a covered accident. It can help you pay for out-of-pocket expenses such as rehabilitation, transportation, child care, travel, etc. It is entirely up to you what you do with the money. Coverage extends beyond your initial covered accident and can help protect you from future covered accidents. Choose the right coverage for you and your family. The level of coverage you select will determine your monthly cost.<\/p>

Voluntary accident insurance is extra insurance that helps employees deal with the financial fallout of unexpected medical emergencies. This policy is not meant to replace health insurance but rather to supplement it for employees. If an employee or eligible family member sustains an injury, voluntary accident insurance, also referred to as supplemental insurance, aids in covering additional expenses not covered by a primary insurance plan. This is a payroll deduction benefit that a company offers employees voluntarily, and it can be used to pay for medical expenses incurred due to an injury or illness.<\/p>

Even though this sort of insurance isn’t required by law, offering it can benefit recruiting and retaining top staff. Sometimes, benefits will be paid even if the policyholder has other, more comprehensive health insurance. You should also be aware of the following details about  accident coverage:<\/p>