Published Feb. 21, 2013
Columbia-based Colonial Life has introduced a new, voluntary group accident insurance plan for employees who have an accidental injury.
Accident insurance provides lump-sum and daily benefits for covered accidents that can help pay nonmedical expenses and medical costs not covered by major medical insurance, according to a news release.
Colonial Life’s plan is available to employers with 10 or more eligible employees.
Employers can choose to offer on- and off-the-job coverage, or off-the-job only coverage. Family coverage is also available, the company said.
Other features of the plan include different coverage levels, a two-year rate guarantee and it is compliant with health savings accounts, Colonial Life said.
Optional coverage includes a health screening benefit and a hospital confinement benefit.