Why Supplemental Insurance?
More and more studies show that health care costs continue to rise in this
country. Many employers are reacting by revising their insurance and benefit
offerings to reflect this trend and compensate for increased costs. What do
these changes mean for you?
56 percent of employers report that employee contributions will increase with
the trend or greater than the trend rate – meaning some employees will take on a
greater proportion of health care costs than they currently pay.
Nearly three-quarters of employers consider benefit reductions or an increase in
copayments “likely” or “somewhat likely” in the coming twelve months.
**Source: Health Care Costs 2002 – A Watson Wyatt Worldwide
How will these possible benefit reductions and increased benefit costs affect
your insurance coverage? What about next year? What changes will it bring? We
can’t predict the future; we can help you prepare for what happens next.
Traditional medical insurance doesn’t cover every expense related to an illness,
injury or death. The bills and expenses continue to add up, especially if you
have to stop working and lose your income. How will you pay the deductibles or
copayments, and other increasing medical costs not covered by your
employer-sponsored insurance plan?
Supplemental insurance can help you prepare for these and other out-of-pocket
expenses. Most of all, these plans help take the worry away about how you will
pay your out-of-pocket medical and other everyday life bills. Without this
worry, you can focus on getting better.
Our supplemental insurance is offered at the worksite (through your employer)
and features convenient payroll deduction for premium payments. Plus, many plans
can be purchased through a flexible benefits plan allowing you to pay for
valuable coverage with pretax dollars.
Our coverage is flexible so that you can tailor your supplemental coverage
to help meet your individual needs. With the help of The Grant Agencies' experienced
sales representatives, you can choose the coverage that is most appropriate for
the needs of you and your family. The Grant Agency Inc. offers the supplemental
insurance plans listed below.
Hospital Confinement Indemneity
Cancer and Critical Illness
Supplemental coverage can help see you through - for
what happens next.
This coverage may not be available in all states; product
benefits vary by state. Policies have exclusions and limitations that may affect
benefits payable. For cost and complete details, please see your Grant Agency