The definition of Supplemental Insurance, and how it fits into the Zenefits Health Insurance Marketplace
What is supplemental insurance?
Also referred to as Worksite Benefits or Voluntary Benefits, Supplemental Insurance is extra insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover.
How does supplemental insurance work?
Standard medical, dental, and vision coverage may be enough, but a few employees may find themselves in unique situations (highly likely to get cancer, given their family history, or highly likely to have an accident, given their job) that makes paying for a supplemental insurance policy a worthwhile investment.
Popular supplemental insurance plans that Zenefits will support include:
- Accident Insurance
- Critical Illness Insurance
- Hospital Indemnity Insurance
- Cancer Insurance