Supplemental Coverage Growing in Popularity
Kevin Gazda, SVP Client Services Operations quoted in this article on the growing popularity of voluntary benefits published at RegisteredRep.com.
Now that businesses have cut back on employee benefits due to the recession, there are many insurance gaps to fill. Many companies are adding voluntary supplemental benefits, such as accident and disability, hospital and sickness indemnity, cancer indemnity, long term care, life insurance, dental insurance and vision coverage to their plans. Employees typically foot the entire bill, and can opt to have as little as $10 to $50 automatically deducted monthly from pay checks, based on the types of coverage they select.
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