Voluntary benefits
Accident, critical illness, and hospital indemnity insurance solutions
Our voluntary benefits portfolio is designed to give employees valuable supplemental health insurance that offers more coverage and is easy to use.
Built to meet the changing needs of today’s workforce
Voluntary benefits your employees won’t overlook
Designed for easy use
We offer benefits designed to be used, not forgotten. To minimize denials and speed up claim payments, our plans align with medical coverage provisions and definitions. And online claims can be filed in minutes for even greater ease.
Designed to fit
Instead of using a one-size-fits-all approach, we've created a customizable offering that allows you to choose the benefits and features that work best for you and your employees. Select from various funding options, benefit amounts, pre-existing condition waivers, and more. And our voluntary benefits can be configured on essentially any enrollment platform or benefit administration system.
Designed to cover more
We've enhanced our voluntary offering with some extras. Coverage for mental health treatment, doctor's visits, including telemedicine, infectious diseases like COVID-19, and pet boarding services are just a few examples of how we offer employees more.
Why supplemental coverage matters
As organizations work to reduce their spending, many have moved to health plans that require greater
cost-sharing with employees. Supplemental health products can help mitigate the rising costs of out-of-pocket medical expenses to financially protect employees and fill the gaps in medical coverage.
33%
Of adults don’t understand what their medical plan covers1
$4,400
The average out-of-pocket maximum. However, 42% of people think a 3-day hospital stay would cost less than $1,0001
42%
Of adults would need to use a credit card to cover unexpected medical costs1
Voluntary benefits for life’s unexpected moments
Our accident insurance, critical illness, and hospital indemnity insurance plans offer employees valuable coverage. Additionally, all our voluntary plans can include health screening benefits2 with more than forty covered screenings, such as colonoscopies, mental health assessments, routine hearing exams, biometric screenings, and more.
Accident insurance
Accident insurance pays a lump-sum benefit for specific injuries and events resulting from a covered accident. Enhanced benefits include organized sports, PTSD, and chiropractic visits. Proactive claims payments are made for most common accidents.
Critical illness insurance
Critical illness insurance pays a lump-sum benefit for the diagnosis of a covered disease or condition, including benefits related to mental health, infectious diseases like COVID-19, progressive diseases, childhood diseases (including autism), and other conditions.
Hospital indemnity insurance
Our plan pays a daily benefit for a covered stay in a hospital, intensive care unit, or rehabilitation facility. HSA-compatible plan designs are available as well as standalone non-HSA benefits, like outpatient IV and mental health services.
Maximize enrollment with tailored solutions
Voluntary benefits give you the results you want when your employees are empowered to take advantage of them. With New York Life Group Benefit Solutions, you'll have a dedicated enrollment consultant to help ensure they do.
Optimize your strategy
Create an enrollment strategy that fits your employee demographics, culture, and workplace.
Engage your workforce
Offer your employees different ways to get engaged, including virtual or in-person group meetings, benefits fairs, customized websites, and online tools for learning.
Increase accessibility
Provide support in different languages, including Spanish, from bilingual benefit counselors and translated benefit education resources.
Learn more about our suite of voluntary benefits
Contact your broker or New York Life Group Benefit Solutions representative to learn how offering voluntary benefits can protect your employees from life’s unexpected moments.
1New York Life Group Benefit Solutions commissioned an online poll between September 29-October 5, 2023, of nearly 2,000 adults employed in the private or government sector. Survey results have a margin of error of plus or minus two percentage points.
2Product availability may vary by state and is subject to change.
Accident insurance, critical illness insurance, and hospital indemnity insurance are limited benefit policies. Accident insurance pays benefits for accidents only. These products are not health care insurance and do not satisfy the requirement of minimum essential coverage under the Affordable Care Act. New York Life Group Benefit Solutions Accident insurance, Critical Illness insurance, and Hospital Indemnity insurance are underwritten by New York Life Insurance and Annuity Corporation, a subsidiary of New York Life Insurance Company. Policy provisions and product availability may vary by state. Policy forms: Accident: GBS-AI-1000.00; Critical illness: GBS-CI-1000.00; Hospital indemnity: GBS-HI-1000.00.
New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America, New York Life Group Insurance Company of NY and New York Life Insurance and Annuity Corporation, subsidiaries of New York Life Insurance Company.
Life Insurance Company of North America is not licensed in New York and does not conduct insurance business in New York.
CONNECT WITH US
CONTACT US
Online at
myNYLGBS.com
We're here to listen:
(888) 842-4462 or
(866) 562-8421 (Español)
7a.m. - 7p.m. CST