In the 2019/2020 “Caregiving and the Workplace: Employer Benchmarking Survey” by the Northeast Business Group on Health, a significant majority of respondents (78%) said that caregiving would be an increasingly important issue over the next five years. The survey was taken before the COVID-19 pandemic, which has only accentuated the already growing number of employees shouldering caregiving responsibilities.
In fact, according to the Family Caregiver Alliance, more than 34 million Americans have provided unpaid care to an adult aged 50 or older in the last 12 months. As this number continues to grow, EssentialCare group voluntary products can help. EssentialCare Accident, Critical Illness, and Hospital Indemnity provide a lump-sum benefit in the event of an injury, illness, or hospitalization. Payments can be used to pay for major medical copays and deductibles, or additional expenses to help fill gaps in employees’ healthcare coverage.
The products offer a wide-range of coverage options to suite client needs, including benefits that support caring for dependent adult, children, and even pets*. These coverages can provide additional support by providing fixed payments to caregivers when they face the additional burden of an injury, illness, or hospitalization. For more information about EssentialCare and its support service coverages, visit essentialcare.com.
*Not all benefits available in all states. See policy for details.
ESSENTIALCARE PRODUCTS ARE LIMITED BENEFIT POLICIES—READ YOUR POLICY CAREFULLY. THESE POLICIES ARE NOT MAJOR MEDICAL INSURANCE AND ARE NOT INTENDED TO BE A SUBSTITUTE FOR MAJOR MEDICAL COVERAGE.
BCS EssentialCare insurance is underwritten by BCS Insurance Company, OH (Administrative Offices: Oakbrook Terrace, IL). See policy documents for a complete description of benefits, exclusions, limitations, and conditions of coverage. Not all benefits available in all states. Features and availability vary by location, and are subject to change. Some products may be pending regulatory approval in certain states.