With the rising cost of health care, employers are beginning to move the burden of the health care cost to their employees. Some of them have been cutting back on their employer paid benefits. The healthcare policy has its requirements for most people to be able to obtain it. This is also for the majority of the employers to tender major medical coverage with some vital benefits. With that being so, the amount that these workers pay from their pocket, with this kind of plan is still on the rise. This is because employers are trying to manage their own costs.

Three Common Supplemental Insurance Types

There are three types of supplemental insurance that are widely sold or obtainable as voluntary benefit from employers:

Critical/Serious Illness Insurance

This insurance is a disease-specific insurance designed to ease the financial worries of employees on critical illnesses like cancer, for example. It is intended to pay for the extra costs that are associated with the worker's illness. Money from this coverage can be used to pay for deductibles, childcare, travel and accommodation when the place of treatment is far, household and normal living expenses.

Accidental Death Insurance

This insurance which is also known as accident hospital indemnity will pay a lump sum of money to any named beneficiary in the event of death in an accident. However, in the case of where the employee did not die but maybe lost eyesight, limb or have a permanent paralysis the insurance will pay smaller amounts. This insurance will also cover extra costs such as travel and accommodation expenses for family members and extended home care services. Recipients of supplemental benefits can be given money from the products.

The money they receive will help them cater for their daily living costs like rental payment, mortgages, medical bills, childcare and groceries. This will cover the time the injured or critically ill worker is incapable of working. When businesses include these voluntary products to their employee benefits package, they would have raised that workers level of satisfaction. Their workers will feel more financially empowered to deal with unforeseen life-threatening occurrences.

Insurance Types

Hospital Indemnity Policy

This is a hospital confinement insurance that can offer money benefit to workers if they are confined to a hospital because of a serious injury or an illness. The money can be offered as a lump sum or frequently on a daily or weekly basis. Just like every other supplemental insurance, this extra coverage is to help employees cater for services and other needed items. To understand them more, just visit private health insurance cost . The benefits that workers can get from supplemental insurance will go a long way in serving them by giving them financial protection. This covers them when they are sick or injured irrespective of their key medical insurance coverage. Some of the benefits that the supplemental insurance will provide include serious illness, accident, short-term disability, hospital indemnity, dental, vision and pet insurance.


In this article, you will test your knowledge of workers compensations by attempting the few questions we have put up. These questions cover some of the most important workers' compensation facts and conceptions. Some work-comp particular topics are tested here.

You can challenge your friends, workmates and any other person you can think of to attempt the test with you. But first, let us run through some information on workers' compensation. Don't worry we are not giving out much clue.

Workers' Compensation – What Is It?

Workers' compensation is an insurance practice that provides wage replacement as well as medical benefits to injured workers during their time of employment.

This is usually in the exchange for compulsory abdication of worker's right to sue their boss for the offence of negligence. This brings us to what compensation bargain is. It is a trade-off between guaranteed, coverage limit and lack of remedy outside the employee compensation system. This has helped solved problems like employers becoming insolvent due to high compensation costs they might have paid. That kind of scenarios was prevented by a system of shared liability hence, ensuring the security of recompense to the employees. Individual protection is the vital outcome to shared liability.

While policies vary among jurisdictions, weekly provision can be fixed for weekly disbursements instead of wages. This means the provision can function as a kind of disability insurance or economic loss recompense. It can also function as a kind of medical or health insurance or benefits payable to beneficiaries in the event of death. That is a kind of life insurance.

Do you work in the reasonably safe industry?

It might be appealing to think that worker's compensation insurance is uncompelled. However, this is not what it turns out to be in majority of the states. Depending on the laws of your city of residence, worker's compensation might be a requirement irrespective of your industry and the size of your business. If you avoid the worker's compensation, even if you do it ignorantly, it can cost you more than you can imagine. Find out all you need to know as far as the state law of your residence is concerned at

Question Time

Yes back to test you on what you know? Let's see if you will crack under the pressure of workers' compensation knowledge. Invite your friends and make sure you discuss it with them.

Here are three for you:

What gives rise to a compensable injury?

When will a disease be compensable?

What kind of claims are covered under employers' liability?

All forms of coverage including employee compensation, travel, life, business, auto, homeowner and more are provided.

Hope you might have learnt one or two things from this article.

Who has got you covered?

You can explore and find out how to get discounted rates for premium plans.

You will find the agent's authorizations to engage in direct business with over forty leading insurance firms.

Some of them are The Hartford and Peerless Insurance, MAPFRE, MetLife, AIG, Liberty Mutual, American Modern and CNA.