Ancillary Benefits in Katy, TX

 

What Are Ancillary Benefits?

“Ancillary Benefits” refer to benefits that are used to supplement group health insurance. Purchasing these benefits at a group level is more affordable than if purchased on an individual basis.  They can be more affordable for three reasons:

1.     As group insurance products, the risk is spread through a large population, which keeps premiums reasonably priced.

2.     If your business takes advantage of Section 125 of the IRS code, premiums are paid with pre-tax dollars.

3.     The cost can either be completely covered by the employer or shared with the employees by arranging an employer-employee split.

Types of ancillary benefits include:

·         Dental

·         Vision

·         Life/AD&D

·         Short Term Disability

·         Long Term Disability

·         Accident

·         Cancer

·         Critical Illness

·         Hospital Indemnity