As open enrollment season kicks off, it’s the perfect time to take a fresh look at your benefits and make choices that protect your health and financial well-being. While core medical coverage is essential, many employees overlook the value of Voluntary Supplemental Health Plans—including Critical Illness, Accident, and Hospital Indemnity Insurance. These plans can provide a vital safety net when life throws unexpected challenges your way.

Why Consider Supplemental Health Plans?

Even with comprehensive health insurance, out-of-pocket costs can add up quickly. Deductibles, copays, and non-covered expenses can create financial stress—especially during a serious illness or injury. Supplemental plans are designed to fill the gaps and offer cash benefits that you can use however you need: for medical bills, transportation, childcare, or everyday expenses.

Here’s a quick look at how each plan works:

• Critical Illness Insurance pays a lump sum if you’re diagnosed with a covered condition like cancer, heart attack, or stroke. This benefit can help you focus on recovery without worrying about finances.
• Accident Insurance provides cash benefits for injuries resulting from accidents—whether it’s a broken bone, concussion, or emergency room visit. It’s especially valuable for families with active lifestyles.
• Hospital Indemnity Insurance offers daily cash payments if you’re hospitalized due to illness or injury. These funds can help offset lost income or unexpected costs during your stay.

Real-Life Protection for Real-Life Events

These plans aren’t just for worst-case scenarios—they’re for real life. Whether it’s a child’s sports injury, a sudden illness, or an unexpected hospital stay, supplemental coverage can make a big difference in your financial resilience.

Easy Enrollment, Affordable Coverage

During open enrollment, you can add these plans to your benefits package—often at low group rates and with guaranteed acceptance. That means no medical exams or complicated paperwork. And because premiums are typically deducted from your paycheck, it’s a simple way to enhance your coverage without disrupting your budget.  Additionally, these plans are typically low in cost and include benefits if you receive your annual physical exam which assist in offsetting the premium cost.

Take Action Today

Open enrollment is your once-a-year chance to make changes to your benefits. Don’t miss the opportunity to protect yourself and your loved ones with supplemental health coverage. Review your options, ask questions, and enroll in the plans that give you peace of mind.

Your health is your wealth—make sure you’re covered from every angle.

You can learn more about how your bank can partner with the VBA Benefits Corporation and the variety of services and resources they offer here.