Definition

Optional insurance products offered to employees in addition to core benefits. They allow individuals to tailor protection to their personal needs.

What to consider

  • Understand how different benefits interact.
  • Ensure coordination to avoid duplicate payments.
  • Review your benefits package regularly.

Real world scenarios

  • A company coordinates benefits between its health plan and supplemental dental coverage to avoid overlapping payments.
  • An employee’s insurance department ensures that multiple benefits work together seamlessly.
  • A group plan integrates different benefits to maximize overall coverage without redundancy.

Related terms

Insurance & Financial Protection