Voluntary Work Benefits You Should Participate In
While more and more individuals have health coverage than ever before, one of the leading causes of bankruptcy in the United States today is medical bills. About 56 million adults — more than 20 percent of the population between the ages of 19 and 64 — may struggle with healthcare-related bills this year, according to financial advice company NerdWallet Health.
It’s important to know that while you may be able to receive some standard health benefits through the workplace, you may also have access to an array of other voluntary and/or group employee benefits that can provide additional coverage and protection.
Sadly, over 50% of Americans lack dental insurance, according to the Dental Care Affordability Survey. Individuals who don’t keep up with dental care or look after their dental health are more likely to develop major health conditions, such as diabetes, heart disease and stroke — all linked to poor oral health. Group voluntary dental benefits are a cost-effective way to look after your overall health needs, and will significantly reduce your out-of-pocket costs while also?staying healthy?and happy.
Accident and Health Benefits
Accident and health coverage is an important voluntary benefit you might be able to add to your overall plan. This type of coverage may be able to help you manage out-of-pocket medical expenses such as deductibles, copays, coinsurance and other services that may not be covered by your current plan. That way, should an unexpected illness or accident occur, you’re protected from expensive hospital and other medical bills, preventing a potential financial emergency.
Cancer insurance is another important voluntary benefit that can complement basic medical coverage, and can help to ease the financial impact of a cancer diagnosis. Many forms of cancer insurance may provide you with a lump-sum payment that can go towards helping to pay off expenses such as mortgage or car payments, credit card bills, groceries, child care and more.
Regular yearly eye exams are incredibly important when it comes to protecting your vision and eye health, even if you don’t wear glasses or contact lenses. And if you do receive vision coverage through your workplace,?statistics show?you’re more likely to go for regular eye exams and look after your eye health.
It’s important to keep in mind that you may have access to a variety of other?voluntary benefits?that can provide the targeted additional coverage and protection that you need. It’s something that could help you sleep easier at night.