Other Group Benefits

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Overview	Many other types of group benefits exist. One popular product these days is supplemental insurance. Supplemental plans pay on top of regular group benefits, providing an extra source of funds during trying times. Another offering that is growing in popularity are legal plans, which provide a source of low-cost legal services to employees.

What It Is Not	Supplemental benefits are paid on an occurrence basis. Therefore, they are not intended to pay for medical bills directly and are not a substitute for regular medical insurance and group benefits.

Evaluating Your Needs More on group health More on planning	When evaluating your needs for supplemental benefits some things to keep in mind are: Your group health insurance plan. Every group health plan, no matter how good, does not pay for everything. Read over your plan and find out what it pays for and what it does not. Also review the amounts of coverage, which may indicate a shortfall. The uncovered and under-covered areas are the ones in which you may need supplemental coverage, such as for cancer or accident coverage. *Your Savings.* The more money you have saved the less you will need supplemental coverage. However, if you have saved little or do not want to risk depleting your savings, supplemental coverage may be right for you. Your Lifestyle. Are you a high risk for certain illnesses or accidents? If cancer runs in your family, you may wish to look at a cancer plan. Likewise, if you or your family members play sports or have dangerous hobbies an accident plan may be worth looking into.

Purchase Information	Supplemental insurance and legal plans are best purchased through your employer's cafeteria or group benefit plan. Therefore, check with your employer for the options provided.

Product Definitions Cancer plans Accident plans Legal plans	*Cancer Plans* This is the most common form of a supplemental insurance policy. Cancer policies pay on an occurrence basis for the expenses related to cancer. Most notably, cancer policies pay amounts toward experimental treatments and travel expenses, often not covered in group medical plans. *Accident Plans* These are second most common form of a supplemental insurance policy. Accident plans pay set amounts for certain types of injuries and treatment. These plans are great for people who play sports or have small children that are constantly getting "bumps and bruises." *Legal Plans* Growing in popularity are group legal plans. These plans provide a source of low-cost legal services to employees on a group basis. Small Business Insurance Quotes