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Workplace Benefits

What to know about workplace benefits

Many jobs these days come with a slew of benefits. Common ones that employers provide and pay some of the cost of include health insurance and a retirement plan. Some employers also offer supplemental benefits as well. Though employers typically don’t pay the cost of these workplace benefits, they do offer group rates that can make them cheaper.

What are they?

Supplemental work benefits offer additional coverage to employees to help them protect their health and their financial well being. These benefits are the kind that kick in when certain events, such as an illness or injury, affect the employee.

Who are they for?

Supplemental benefits are a good idea for any person, but they make particular sense and are important for certain types of workers. Single parents or single wage earners in a household should take advantage of supplemental benefits. Anyone who has either minor or adult dependents can benefit from work benefits, and they also make sense for people who have jobs where injury and/or illness are risks.

How do they work?

Workplace benefits typically fall things that fall outside of other coverage. For example, if you suffer an injury or serious illness that leaves you unable to work, your supplemental benefits may kick in and pay you money that you can use to pay health costs and to live on while you laid up. Some supplemental benefits may also provide benefits to beneficiaries such as a spouse or child.


There are many different types of supplemental benefits that an employer may offer. Among the most common are disability insurance, critical illness insurance, accident insurance, long-term care insurance and universal life insurance.

Major benefits

The main advantage to supplemental benefits is the payments they provide when you are out of work or have major medical expenses because of an illness or injury. An additional advantage of getting such benefits through work is that you pay group rates for premiums, which usually are much lower than what you would pay for an individual policy.