Group Employee Benefits
Attract and retain top talent with a competitive benefits package, group health, dental, vision, disability, and 401(k) plans designed for small businesses in the Omaha metro.
Overview
Group health insurance covers a great deal, but deductibles, copays, and out-of-pocket maximums mean that even well-insured employees face real costs when accidents or hospitalizations occur. Accident insurance and hospital indemnity coverage are voluntary supplemental products that provide cash benefits directly to employees following covered events, giving them financial flexibility at exactly the moment they need it most.
Unlike traditional health insurance, these products do not reimburse specific medical providers. Instead, they pay a cash benefit to the insured employee, who can use the funds however they choose, for deductibles, household bills, transportation, childcare, or any other expense that piles up during a period of recovery or hospitalization.
For employers, these products are typically offered on a voluntary basis with little or no employer cost. Employees pay premiums through payroll deduction, making enrollment convenient. Adding these options to your benefits package enhances the overall offering without meaningfully increasing employer administrative burden, and gives employees meaningful protection that major medical alone does not provide.
Key Benefits
Accident Insurance
Accident insurance provides cash benefits following a covered accidental injury. Benefits are triggered by specific events — such as fractures, dislocations, emergency room visits, ambulance services, or follow-up physical therapy — and are paid directly to the insured regardless of other insurance coverage.
Common benefit triggers include:
Hospital Indemnity Insurance
Hospital indemnity insurance provides cash benefits when an employee is admitted to a hospital or receives certain qualifying inpatient services. Benefits are typically paid per day of confinement, per admission, or per covered service — and are paid in addition to any benefits from the employee's primary health insurance.
Coverage typically applies to:
Why It Matters
Cash Paid Directly to Employees
Benefits go directly to the insured employee, not to a provider, giving them the flexibility to apply funds where they are most needed during recovery, whether that's medical costs or everyday household bills.
Complements High-Deductible Health Plans
As more employers move to high-deductible health plans to manage premium costs, accident and hospital indemnity coverage helps employees bridge the financial gap between a covered event and when their HDHP deductible is met.
Enhances Your Benefits Package at Low Employer Cost
Offered as voluntary benefits with premiums collected through payroll deduction, these products enrich the overall benefits offering without requiring significant employer financial commitment or administrative overhead.
Convenient Payroll Deduction Enrollment
Employees enroll during open enrollment and premiums are deducted from each paycheck automatically, a frictionless experience that makes it easy for employees to obtain meaningful coverage they might not otherwise seek out on their own.
Reduces Financial Stress During Recovery
Financial stress is one of the most common obstacles to employee recovery and return to work. Cash benefits that arrive quickly after a covered event help employees focus on healing rather than worrying about bills accumulating at home.
Increases Overall Benefit Satisfaction
Employees who perceive their benefits package as comprehensive and protective report higher satisfaction with their employer. Voluntary products like accident and hospital indemnity coverage add perceived depth to the offering at minimal employer cost.
Who It's For
Employers Offering High-Deductible Health Plans
HDHPs lower employer premium costs but shift more financial exposure to employees. Accident and hospital indemnity coverage helps employees manage that exposure, making the HDHP arrangement feel more supportive and reducing the anxiety employees may feel about choosing a high-deductible plan.
Businesses Wanting to Expand Benefits Without Adding Employer Cost
Voluntary benefits allow employers to offer a broader, more competitive benefits package without a proportional increase in employer spending. Employees who want the coverage can elect it; those who don't are not affected.
Workforces with Physical or Outdoor Job Roles
Employees in construction, manufacturing, healthcare, outdoor services, and similar industries face elevated accident risk compared to desk workers. Accident insurance is especially valued in these environments and can be positioned as a meaningful employer investment in workforce safety and financial security.
Employees with Families or Limited Emergency Savings
Families with children face more frequent accident-related medical events, and employees without substantial emergency savings are most vulnerable to financial disruption from a hospitalization or injury. These products provide a financial safety net that is especially valuable for this segment of your workforce.
Common Questions
No, these products pay benefits independently of your primary health insurance. There is no coordination of benefits. If your health insurance pays a claim for the same event, accident insurance and hospital indemnity coverage still pay their scheduled benefits in full. This is what makes them especially useful for helping employees cover deductibles, copays, and out-of-pocket maximums that their health plan doesn't absorb.
Yes. These are typically offered as voluntary benefits during the employer's open enrollment period. Employees can elect the coverage they want and pay for it through payroll deduction. Employees who don't want the coverage simply don't enroll. This voluntary structure means employers can add these options to the benefits menu without incurring new premium obligations for the employee population as a whole.
Claims are submitted to the insurance carrier after the covered event occurs and the required documentation is provided. Payment timelines vary by carrier, but many issuers process straightforward accident and hospital indemnity claims within a few business days of receiving a complete claim. Benefits are paid directly to the insured employee, not to a healthcare provider.
Yes. Voluntary accident and hospital indemnity products are generally available to businesses of most sizes, including small employers with just a handful of employees. Minimum group sizes and eligibility requirements vary by carrier. Michael works with multiple carriers to identify options that are available and practical for your specific group size and workforce profile.
Related Services
Group Employee Benefits
Group health, dental, vision, disability, and life insurance, the foundation of a competitive employee benefits package for small and mid-sized businesses.
Learn More →Disability Insurance
Group short- and long-term disability coverage provides extended income replacement when employees are unable to work, a natural complement to accident coverage.
Learn More →Dental & Vision Insurance
Round out your voluntary benefits offering with group dental and vision plans, highly valued by employees at a modest per-employee cost.
Learn More →Schedule a free consultation with Michael to explore how accident and hospital indemnity insurance can strengthen your benefits offering, with little or no cost to your business.
