EssentialCare Accident Insurance
Offer your clients a way to protect their employees against unexpected accidents and injuries
Why EssentialCare Group Accident Indemnity?
EssentialCare Group Accident Indemnity pays a lump-sum benefit when your client’s employee or a covered dependent has a covered accident or injury. Payments can be used to pay for major medical copays and deductibles, or additional expenses like transportation, child care, and more to help fill gaps in employees’ healthcare coverage.
Key Features
Guaranteed issue, with no underwriting or waiting period for coverage to kick in
Lump-sum payments with no networks or coordination of benefits
Variety of benefit offerings, including Non-Professional Organized Sports benefit, and AD&D benefit built into the certificate
Seamless claims integration approach
Family coverage available
Customizable plan designs to meet your client’s needs
FAQs
What is Accident Insurance?
Accident Insurance is a supplemental health insurance product that helps pay for out-of-pocket medical and non-medical costs from an accident or injury. This insurance product is separate from primary health plans and will provide lump-sum cash benefits that are paid directly to the insured, not doctors or hospitals.
How is this coverage different from major medical insurance?
Major medical insurance pays for doctors and hospitals. EssentialCare coverage is designed to provide insureds with cash benefits, unless otherwise assigned, that they can use to help with daily expenses when they’re injured—the cash to be used as they wish to help with unexpected expenses.
Why would someone need additional coverage for accidents?
Accidents can happen anytime, to anyone, and when they least expect them—and they can be costly. Even quality medical coverage won’t cover 100% of medical bills. Things like plan deductibles, copays and out-of-network care can add up fast. Having financial support when the time comes can mean less worry for employees and their families.
Is there a waiting period before coverage begins?
No. This coverage will be effective at the beginning of the benefit period as long as the employee/insured is actively at work.
How are benefits paid?
Benefits will be paid directly to the insured, unless otherwise required by law or assigned.
EssentialCare Supplemental Health Solutions Filling the Gap: A Case Study
Medical expenses are one of the most significant financial burdens facing American households today. While major medical insurance is the gold standard for employer-sponsored health care, deductibles, copays, and coinsurance can leave individuals and families financially exposed in the event of a medical crisis. This is where supplemental health insurance can play an important role, by …