NEW YORK–(BUSINESS WIRE)–As open enrollment season gets underway, employees begin the process of
selecting their workplace benefits for 2015. Many are at risk of over or
under insuring due to confusion and a lack of understanding of their
coverage options. The Guardian
Life Insurance Company of America® (Guardian), one of the nation’s
largest mutual life insurers and a leading provider of employee
that explains how to optimize your workplace benefits coverage to avoid
coverage gaps and achieve your financial goals.
According to the 2014 Guardian
Workplace Benefits Study
Workplace Benefits StudySM, employers are shifting more
costs and responsibilities to their employees at a time when these
benefits are becoming more critical to the workers’ overall financial
security and well-being. Forty-seven percent of employers surveyed
planned to ask employees to bear a greater portion of the benefit cost,
but only 22 percent said they felt “well prepared” to discuss the
changing benefits environment. And only one in four employees said their
company’s communications are very helpful in choosing what’s right for
them. Guardian’s video series helps employers and their employees
understand the various benefit options available so they can select the
most appropriate coverage for their unique needs.
“Every worker should take full advantage of their employer-sponsored
benefits because these are the foundation of a robust financial plan,”
said Phyllis Falotico, Head of Group Marketing at Guardian. “Whether
it’s protecting your family with life insurance, saving on costly
treatments with dental insurance, or covering expenses after an accident
with accident insurance, your employer’s benefit plans are the first
step for protecting your family.”
Many employees only focus on health insurance and spend an inadequate
amount of time reviewing their other benefit options. Guardian’s
two-minute videos reinforce that good financial health and security
begins with the benefits offered at your workplace, including:
Insurance– A dental plan offered at your workplace provides access
to a network of dentists that offer negotiated discount rates on x-rays,
cleanings, fillings, dental implants, and more.
Insurance– A disability from an accident or illness could put you
or your family in financial jeopardy. Disability insurance helps
safeguard your income if you are unable to work for any significant
length of time.
Insurance– You do your best to keep your family safe. But if
something happens to you, they could face financial hardship and even
bankruptcy. From housing payments and utilities to tuition and
groceries, you want to be sure your family’s lifestyle is protected.
Insurance– Glasses, contacts, and eye exams can be expensive—and
with just a basic health care plan, you may have to pay these costs
out-of-pocket. A good Vision plan can save you money every year.
Illness– A critical illness such as stroke or heart attack could
strike at any time, with no warning. You may think you’re covered with
your existing health insurance, but you may not know that illnesses can
bring out-of-pocket expenses that you don’t expect, including co-pays,
deductibles, and transportation to treatment centers.
Insurance– No one sees an accident coming—but if you are in one, it
can be devastating for your finances. Even with health insurance, an
accident can bring unexpected expenses such as deductibles, emergency
room fees, and transportation costs. Plus, if you are disabled because
of an accident, you could lose your income and struggle to pay every day
expenses like mortgage or rent, groceries, utility bills, and healthcare
Insurance– Not all Cancer treatments or out-of-pocket expenses may
be covered by health insurance. This coverage prepares you for
unexpected costs such as travel to treatment centers, loss of income,
deductibles, co-pays and more if you are diagnosed.
A mutual insurer founded in 1860, The Guardian Life Insurance Company of
America (Guardian) and its subsidiaries are committed to protecting
individuals, business owners and their employees with life, disability
income and dental insurance products, and offer funding vehicles for
401(k) plans, annuities and other financial products. Guardian operates
one of the largest dental networks in the United States, and protects
more than eight million employees and their families at 115,000
companies. The company has approximately 5,000 employees in the United
States and a network of over 3,200 financial representatives in more
than 80 agencies nationwide.
For more information about Guardian, please visit www.GuardianLife.com.