Financial Protection for Employees
Offer more ways to support your team, without a hefty increase in cost. Tribute Insurance helps you choose group supplemental plans that enhance your core benefits and protect employees.
What Is Financial Protection?
These are supplemental add-on policies that can help employees fill coverage gaps and manage out-of-pocket costs for specific health needs. These plans are offered in addition to a group medical plan or HRA, and are often 100% employee-paid through payroll deductions.
- Flexible benefit options
- No employer premium contribution required (unless desired)
- Easy to offer as part of a voluntary benefits package
These plans can increase employee satisfaction, improve financial security, and reduce pressure on your core health plan, all at little or no added cost to your business.
Short-Term Disability Insurance
Replaces a portion of income if temporarily unable to work due to illness or injury
Long-Term Disability Insurance
Replaces part of income for illness or injury that affects long-term work ability
Basic Life Insurance and AD&D
Provides a lump-sum payment to employee’s beneficiaries in the event of their death
Hospital Indemnity
Helps cover hospital stays, deductibles, and coinsurance
Accident Insurance
Pays cash benefits for accidental injuries
Critical Illness Insurance
Coverage for serious diagnoses like cancer, stroke, or heart attack
How We Can Help
Tribute Insurance helps you design a supplemental benefits package that fits your team and budget. We will work together to choose from a range of leading insurance carriers, customizing the best plan options and coverage levels for your organization.
Group Voluntary Insurance FAQ
Do we have to pay for voluntary benefits?
In many cases, no. As the name suggests, most plans are offered on a voluntary basis, with employees choosing and paying for the coverage they want.
Can part-time employees enroll?
Sometimes. Eligibility depends on the plan and carrier. We can help you find plans with broader eligibility.
How do employees enroll or make claims?
We assist with onboarding, enrollment, and education. Claims are usually filed directly with the carrier, and most offer mobile apps or online portals.
Do employees need to answer medical questions?
Many supplemental plans offer guaranteed issue during the initial enrollment period, meaning no health questions are asked.