Should you buy extra insurance from the boss?
News from MarketWatch:

As more companies slash health benefits, employees are increasingly paying for supplemental coverage out of pocket.

Companies have long offered workers the option of buying so-called voluntary benefits, which run the gamut from life insurance to discounts on legal advice and pet insurance. These supplemental plans tend to be sold by benefits administrators at no cost to the employer. Overall sales of such plans rose nearly 5% last year, with the two fastest-growing areas — dental insurance and critical illness — each jumping 20%, according to the Eastbridge Consulting Group, a health benefits consulting firm.

It’s a turnaround from just a few years ago, when workers largely ignored such voluntary benefits. And with employers increasingly changing from health plans with low deductibles and flat copayments to high-deductible plans with greater out-of-pocket costs — nearly one in five employers say they will offer only a high-deductible plan in 2013, up from 7% in 2009, according to the National Business Group on Health — experts say demand is likely to keep growing.

But while these benefits may seem convenient, they don’t help in all situations. For instance, while the TransChoice Plus hospital indemnity plan offered by Transamerica Employee Benefits helps cover hospital services, physician visits and prescription drugs,…………… continues on MarketWatch

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