Core coverage cannot address every financial risk an employee faces. Midwest Coordinated Benefits helps employers evaluate supplemental and voluntary benefits that can strengthen the overall package without making it harder to understand.
What are supplemental employee benefits?
Supplemental benefits are designed to work alongside an employer’s primary medical and employer-sponsored coverage. Depending on the program, they may provide additional protection related to accidents, illness, hospitalization, disability, life insurance and other financial risks.
The benefit only matters if employees understand it
MCB focuses heavily on education and enrollment. Adding another product to a benefits menu is not enough. Employees need to understand what the coverage is designed to do, what it does not do and how it fits with the rest of their benefits.
Where supplemental benefits can fit
- Accident protection
- Critical illness coverage
- Hospital indemnity
- Short-term disability and income protection
- Life insurance
- Other voluntary benefit options based on employer needs
Frequently asked questions
Do supplemental benefits replace health insurance?
No. They are generally designed to complement primary medical coverage and other employer-sponsored benefits rather than replace them.
Can employers offer voluntary benefits without paying the full premium?
In many arrangements, yes. The funding approach depends on the product, carrier and employer strategy.