Supplemental Coverage for Small Business Employees
A group health plan covers medical bills. It doesn't replace lost wages if an employee is hurt off the job or hospitalized for an extended stay. Main Street Benefits offers optional supplemental coverage that small businesses can layer onto a group plan so employees have a financial cushion beyond their main policy.
Types of Supplemental Coverage for Small Employers
Accident Insurance
Pays a scheduled cash benefit when an employee is injured in a covered accident, regardless of what the group health plan pays. Triggered by events like ER visits, fractures, and ambulance transport.
Critical Illness Insurance
Pays a lump-sum cash benefit upon first diagnosis of a covered condition, such as heart attack, stroke, or certain cancers. Employees can use the payout for deductibles, bills, or time away from work.
Hospital Indemnity Insurance
Pays a fixed daily benefit for each day an employee is hospitalized, helping offset the deductible and out-of-pocket costs that come with a group health plan.
Short-Term Disability
Replaces a portion of an employee's income during a covered recovery period. Especially relevant for hourly and shift-based small business teams with limited paid sick leave.
Why Small Businesses Add Supplemental Coverage
- Businesses with high-deductible group health plans looking to soften the deductible impact
- Teams with hourly or shift-based staff who have limited paid sick leave
- Owners who want a more competitive benefits package without raising the group health premium
- Businesses in physically demanding trades, such as food service or retail stocking
How Much Does Supplemental Coverage Cost?
Supplemental plans are typically offered as voluntary, employee-paid benefits, so they add little or no direct cost to the business:
Ready to see your options?
Schedule a free consultation. A licensed advisor will walk you through carriers, plans, and trade-offs for your situation.