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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.

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 include health screening benefits with more than forty covered screenings, such as colonoscopies, mental health assessments, routine hearing exams, biometric screenings, and more.

Accident insurance

Employees only need to file one claim to receive an upfront lump-sum payment for all injuries and treatments related to a covered accident. This includes benefits for organized sports injuries, treatment for PTSD, and chiropractic visits.

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.

Customized enrollment solutions that get results

Voluntary benefits will only give you the results you want if your employees enroll in them. With New York Life Group Benefit Solutions, you'll have a dedicated enrollment consultant who will help you to:

  • Create an enrollment strategy that fits your employee demographics, culture, and workplace.

  • Offer your employees different ways to get engaged, including virtual or in-person group meetings, benefits fairs, customized websites, and online tools for learning. 

  • Provide support in different languages, including Spanish, from bilingual benefit counselors and translated benefit education resources.

Learn more about our suite of voluntary benefits

Please speak with your New York Life GBS representative or contact us to learn how offering voluntary benefits can protect your employees from life's unexpected moments.

Product availability may vary by state and is subject to change. Voluntary benefit products are not available in New York.

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.