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