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Top 4 characteristics of group accident insurance

Chris Manchester, November 17, 2015

You’ve decided providing your employees with Group Personal Accident Insurance is the right move for your business. That’s great! But how do you know what plan is right for your business and employees? An accident plan should be flexible enough to respond to the situation and the employee population, while also considering personal and family dynamics.

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When choosing a Group Personal Accident Insurance plan, you need to know that your employee will receive prompt attention to claims along with the protection needed to handle costly medical bills, unexpected living expenses, or other financial strains.

Here are some important considerations to make before choosing a plan:

  1. Seek quality: Look for catastrophic and minor coverage that supplements deductibles and can help with short- and long-term financial planning.
  2. Allow for flexibility: Look for a Group Personal Accident program that allows you to design a plan to meet the specific needs of the employee population. Just as each corporation is different, so are employees – multi-generational workforce, life stages, finances. Consider a group plan that offers employers and employees options.
  3. Expect communication support: Technology is changing how employees learn about and choose their benefits. Educational content should fit an employers’ benefits communication approach. The back-end integration with other technology platforms should also be seamless, saving time, money, and frustration.
  4. Check claims response: Whether it’s a minor occupational accident or a catastrophic off-the-job injury, employees need claims approved and cash to pay expenses, so they can focus on recovering. Employee-focused providers offer streamlined claims intake and processing, reducing payment delays.

In short, look for a Group Personal Accident Insurance plan that addresses the employee experience from purchase through claim approval.

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