Answers to some of our most asked insurance questions
We asked our followers and consultants what their most asked insurance questions are and here we will attempt to broadly answer them. Disclaimer: Every person has a different situation unique to them, some of these answers may not be applicable to you and your situation, please contact your HR or benefit consultant regarding your needs.
Q: Will this voluntary worksite policy pay even if my major medical covers it?
A: In most cases, yes! Worksite benefits include accident, critical illness, cancer, and others. Many of these pay directly to you, the policyholder or member. These policies may have a schedule of payments that are paid to you if something happens, regardless of what your major medical would have paid. The best example of this is the accident policy. Say you slip and fall at home while playing with your children and break your wrist. Your major medical will take care of some medical fees for you and pay the hospital or doctor you go to. However, your accident policy will pay a set amount directly to you. You can use this money towards your major medical co-pays or deductibles or whatever you need to, the money is yours to use at your discretion!
Q: Will my disability policy pay even if I got hurt at work and received workman's compensation?