Accident insurance in Bloomfield Hills that helps with surprise bills
Deductibles have gone up on many health plans. So when an employee breaks an arm or ends up in the emergency room, the bill can be a shock. Many employees do not have much cash set aside for that. Accident insurance in Bloomfield Hills gives them a way to cover those out-of-pocket costs.
We are an independent employee benefits consulting firm, in business since 2007. No carrier owns us. We compare accident plans for employers in Bloomfield Hills, Auburn Hills, Royal Oak, Detroit and across Michigan.
Accident insurance
Accident insurance pays cash when an employee has a covered injury. The payment goes to the employee, not the doctor. They can use it for the deductible, a copay, rides to appointments or the rent.
The plan pays a set amount for each type of injury or treatment. That list is called the schedule of benefits. For example, it may pay one amount for an emergency room visit and another for a broken bone. The amount does not depend on what the hospital charges.
Most accident plans are voluntary. Employees pay for them through payroll deduction. Many plans let employees add a spouse and children.
We compare plans and carriers, check the schedule of benefits and set up enrollment. We explain the plan in plain words, so employees know when to file a claim. For proper coverage of an account we work in teams of 5: an account executive, an account manager, a plan analyst, customer service and IT.
Is accident insurance worth it with a high-deductible health plan?
It can be. A high-deductible plan keeps premiums lower, but the employee pays more when something happens. Accident insurance helps with that first chunk of cost. It suits active families and employees with kids in sports. It is not a replacement for health insurance. It works alongside the medical plan.
Who pays for accident insurance?
Usually the employee. Most employers offer accident insurance as a voluntary benefit. That means little or no cost to the business beyond setting it up. Some employers pay for a basic level and let employees buy more. Either way, it adds real value to your benefits package at open enrollment.
Common questions
Does accident insurance replace our medical plan?
No. It pays cash on top of what the medical plan covers. The medical plan still pays the providers as usual. Accident insurance adds a fixed payment per covered injury, so it is best thought of as help with the deductible and out-of-pocket costs the medical plan leaves behind.
Do employees need to answer health questions?
Group accident plans often allow simple enrollment. Rules vary by carrier. Accident plans pay for injuries, not illnesses, so carriers have less reason to ask health questions than they do for life or disability coverage. Rules for late entrants can be stricter, which makes open enrollment the time to decide.
Can employees keep it if they leave?
Some plans allow that. We confirm the terms before you choose. Portability usually means the employee keeps the coverage by paying the carrier directly, sometimes at a different rate. It is worth checking whether a spouse and children stay covered too, and how long the employee has to elect it.
Talk to us about accident insurance in Bloomfield Hills
Book a 30-minute call and we will walk through accident insurance in Bloomfield Hills for your team. Visit us at 41000 Woodward Avenue, Suite 350 East, Bloomfield Hills, MI 48304, or call 248.370.8853.
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