Supplemental benefits, or voluntary benefits, are the best way to protect yourself, your family, and everything that you care about in the event of an emergency. Nobody wants to imagine the worst case scenario, but those who choose not to plan for it can experience extreme financial and emotional hardship if it occurs. Supplemental benefits cost nothing to your employer and offer you what you need to cover out-of-pocket costs or living expenses beyond what your other employer-offered insurance benefits and life insurance and disability insurance benefits provide. Our voluntary supplemental benefits, when not received through an employer, are fully portable and can move with you throughout every stage of your life.
Supplemental Benefits Have a Lot to Offer
Voluntary supplemental benefits provide a myriad of short term and long term benefits that can replace lost income, offset the cost of high deductibles and co-pays, and give you unparalleled peace of mind that you have financial protection if something tragic occurs. Malden Solutions is a voluntary benefits consulting firm that can guide you through the world of voluntary insurance and assist you in selecting the best policies to preserve your way of life.
Our Supplemental Benefit Offerings
Thanks to our expertise and years spent nurturing carrier relationships and providing fantastic customer service to our customers, Malden Solutions can offer robust voluntary supplemental benefits products to meet every one of your needs.
Hospital Indemnity Insurance
Hospital stays, even ones that are brief, can cause tremendous medical bills in the aftermath that are only partially covered by traditional health insurance. Hospital indemnity insurance is a form of voluntary supplemental insurance that allows you to claim a portion of your hospital stay (typically a set amount per night) against your policy. High-quality hospital indemnity insurance policies can also provide coverage for ambulance trips, maternity visits, or surgery-related hospital stays.
Critical Illness Insurance
A devastating 62% of all personal bankruptcies in the United States every year are the direct result of critical illness. 78% of those personal bankruptcies due to critical illness were on behalf of someone who had comprehensive health insurance. Critical illness insurance can mean the difference between receiving the health care that you need and remaining financially healthy or coping with terrible financial issues while you are trying to recover from your illness. Critical illness insurance protects your family financially in the event of a major health incident, like renal failure or a stroke. An investment in critical illness insurance is an investment in the future financial health of your family.
Identity Theft Protection
Voluntary identity theft insurance is the best way to protect yourself from the catastrophic financial and credit effects of identity theft. Identity theft protection insurance will offset the costs of repairing your credit history and restoring your reputation if your identity is stolen.
Telemedicine voluntary benefits are a great way to skip the line at an urgent care facility or wait for an available appointment with your primary care provider. Telemedicine enrollment is a revolutionary way to receive the care that you need at the moment you need it. Telemedicine uses your smartphone to connect you via secure voice or video chat to your doctor. They can diagnose many common ailments and prescribe treatments to your local pharmacy, all from the flexibility and comfort of your home, 24 hours a day and 7 days a week.
Voluntary accident insurance is a complement to your additional short-term and long-term disability insurance and health insurance. Accident insurance provides an added financial safety net if an accident occurs. Since accidents are just that—accidents, they are often sudden and financially devastating. Accident insurance can offset the financial burden of tragedy and allow you to focus on your family instead of paying mounting bills.
Cancer insurance is designed to assist you and your family through the periods following a cancer diagnosis, including treatment and recovery. Instead of worrying about the financial burdens associated with prolonged treatment, you will be able to shift your focus towards getting better. Even with comprehensive medical insurance, you could still be liable for tens of thousands in bills due to a high deductible or steep co-pays. Cancer insurance, depending on your policy, can cover a wide variety of associated costs like testing, the cost of more than one surgical opinion, adult companion transportation and lodging, and other associated therapy costs.
Specified Disease Insurance
Specified disease insurance works in concert with your existing comprehensive medical coverage and is designed to assist with the high costs associated with the treatment of a certain illness. Specified disease insurance products can also cover some costs associated with preventative health screenings, home or automobile modifications, everyday living expenses, and even the travel costs to get to and from treatment facilities.
Specified disease insurance will provide you with benefits after you are diagnosed with one of the associated diseases or illnesses including:
- A heart attack
- Major organ transplant
- Kidney failure
- Coronary artery disease
- Carcinoma in situ, sometimes known as a group of abnormal cells or stage 0 cancer
- Skin cancer
Long Term Care Insurance
Long-term care insurance protects you and your family if you need to be admitted to a long-term care facility. Depending on the policy you choose, long-term care insurance could help cover the cost of an assisted living facility, nursing home, or even in-home care. The sooner that you purchase long-term care insurance, the less expensive your policy will be. It is never too early to invest in your long-term personal and financial health!
Your four-legged friends are one of the most important parts of your home, and pet insurance can protect you and them against costly vet bills associated with preventative care and treatment. Pet insurance is an affordable way to get comprehensive coverage for everything from unfortunate accidents to regular flea treatment.
Lawyers and legal problems are known for being exceedingly expensive. Due to the notorious costs associated with expert legal counsel, many people get insufficient legal assistance. In many cases, the party that can afford a lawyer is the one that wins or can settle out of court. Just like vision insurance can reduce the cost of receiving a professional eye exam, legal insurance can reduce the cost of receiving professional legal advice and litigation.
Supplemental Benefits from Malden Solutions
Malden Solutions has a wealth of expertise providing voluntary benefits, employee benefits, and executive benefits to businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly-changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits, but also work within our surrounding communities in Baltimore, Annapolis, Columbia, and Hanover. Contact us today to learn more about how we can provide effective, dynamic solutions for your business.