List Of Ancillary Benefits
ancillary benefits are products that provide secondary support to the primary activities or operation of an organization, institution, industry, or system. With health insurance, ancillary benefits are secondary products available to enhance insurance plans. The term "ancillary" encompasses various types of secondary products.
Examples of ancillary care products include cancer, accidental, vision, dental, hearing, home health, short-term medical, and hospital indemnity plans. These products can be used along with your insurance to maximize the benefits of your plan.
At Woody's Insurance, we can help you put together a complete package to meet your health needs.
VA Ancillary Benefits
VA healthcare providers use ancillary services to help diagnose and treat medical conditions. These services include audiology (hearing), blind and vision rehabilitation, chiropractic services, dental care, diagnostic laboratory, nutrition and food service, nuclear medicine (imaging), occupational therapy, pharmacy, physical therapy, prosthetics (artificial limbs, equipment, devices), radiology (x-rays and imaging), radiation oncology (cancer care), recreation and creative arts therapies (music, art, dance and drama), respiratory therapy, social work (housing, discharge planning, family support), speech/language pathology (speech, language, voice, fluency, cognition, and swallowing), and traumatic brain injury.
Woody’s Insurance is a veteran-owned and operated company.
Ancillary Benefits For Employees
Employee benefits are additional forms of compensation paid to employees on top of their regular wages or salary. They can come in different forms and are a crucial part of the overall compensation package offered to employees. Below are some common examples of small business employee benefits in the United States:
- Paid time off such as vacation days, PTO, and sick days
- Health insurance
- Life insurance
- Dental insurance
- Vision insurance
- Retirement benefits or accounts
- Healthcare spending or reimbursement accounts such as FSAs, HSAs, and HRAs
- Short-term and long-term disability insurance
- Tuition reimbursement
- Childcare benefits
- Gym memberships or discounts
- Wellness programs
- Employee recognition programs
- Relocation assistance
- Commuting or travel assistance
- Telecommuting options
- Workplace perks such as recreation activities, coffee and food, and flexible work schedules.
At Woody's Insurance, we can assist you in integrating your employer benefits with ancillary benefits that you may need for comprehensive coverage of you and your family.
Current Trends Regarding Ancillary Benefits
To guide us in making decisions about ancillary benefits like dental, vision, and medical coverage, we can rely on trends. Here are the six ancillary benefit trends for 2020 that you can use to adjust plan offerings:
- Employers offering a wider range of benefits
- Personalized employer group benefits
- Workplace wellness remains popular
- Groups looking to brokers to provide employee benefit education
- Pet insurance growth
- Insurers focusing on the strength of their social media strategy
You can find the complete article at https://blog.solsticebenefits.com/solstice-broker-blog/6-ancillary-benefits-trends-to-watch-in-2020. Although we can't see the future, we are knowledgeable about these six ancillary benefit trends and can work with you and your employer to meet your needs.
Ancillary Benefits Medicare
Private Medicare plans, such as Medicare Advantage and Medicare Supplements, provide coverage for many benefits, but they don't cover everything. Ancillary insurance products, such as separate dental plans, heart attack insurance, and life insurance, are also important. Depending on your Medicare plan(s), you may need ancillary insurance products to have comprehensive coverage and peace of mind.
Ancillary insurance products refer to any insurance product that is beyond the scope of traditional health insurance or not included in your healthcare plan. Life insurance is one of the most common ancillary products, but there are many others. Ancillary private health insurance can help cover the healthcare needs that your Medicare insurance does not cover.
We sell various ancillary products, such as dental, vision, hearing, cancer, heart attack, stroke, hospital indemnity, life, and final expense insurance. You may not need all of these products, but bundling benefits can be an option. For instance, you might find a combination dental and vision plan or a combination heart attack and stroke plan. Whether you need any of these products depends on your finances, genetic probability of certain conditions, and the types of plans available in your area.
It's essential to note that ancillary insurance products don't replace your current health insurance. Instead, they supplement your existing coverage. If you need ancillary insurance, Woody's Insurance can help you with your needs.