Q+A: John Feeney, Vice President of Group Sales and Market Development, Renaissance Benefits

Sep. 18—Healthcare costs are projected to rise by nearly 9 percent in 2025, and both employers and employees are feeling financial pressure. Supplemental health products such as critical illness, accident, cancer and hospital indemnity insurance are emerging as smart, flexible solutions to help ease this growing burden.

John Feeney, vice president of group sales and market development at Renaissance discusses how employers can leverage supplemental benefits to help manage rising expenses.

How do rising healthcare costs impact the need for supplemental benefits?

When offered as a voluntary benefit, supplemental products allow employers to maintain a competitive benefits package without increasing medical plan spending.

For employees, supplemental health benefits can help fill coverage gaps, offering added protection and financial support for deductibles, copays and other out-of-pocket costs. They can also help offset costs associated with high-deductible health plans.

What types of supplemental health products are employers and brokers most interested in?

What's driving interest now are flexible, easy-to-administer options that provide meaningful coverage and are simple for employees to use.

To meet these needs, Renaissance introduced RenSecureHealth, an innovative supplemental health plan designed to augment traditional medical coverage. It provides broad coverage for 13,000+ medical illnesses or injuries and direct cash payouts for a covered diagnosis, typically within 72 hours. We are already seeing strong interest in this offering from employers and brokers.

What should employers and brokers look for when choosing an insurance carrier?

They should find an insurance company that offers comprehensive coverage backed by technology that simplifies the process from enrollment to claims. Fast, reliable payouts, flexible funding options and personalized support are also important.

At RenaissanceGroupBenefits.com, employers can explore how supplemental health benefits and other ancillary benefits such as dental, vision, life and disability insurance can help them manage costs and support their employees.

Insurance products are underwritten by Renaissance Life & Health Insurance Company of America, Indianapolis, Indiana, and in New York by Renaissance Life & Health Insurance Company of New York, Binghamton, New York. Both companies may be reached at PO Box 1596, Indianapolis, Indiana 46206. Products may not be available in all states and jurisdictions.

RenSecureHealth is a limited benefit policy; it is not a substitute for essential health benefits coverage as defined in federal health law. This coverage is underwritten by Renaissance Life & Health Insurance Company of America, an Indiana domiciled insurer, PO Box 1596, Indianapolis, IN 46206 on policy form number GSCI-100A-2024-(state specific abbreviation, if applicable). This product has exclusions and limitations that may limit coverage. A complete description of the benefits, exclusions and limitations can be found in the policy, certificate of insurance and applicable riders. All coverage is subject to the terms and conditions in the master group policy.

© 2025 the Las Vegas Sun (Las Vegas, Nev.). Visit www.lasvegassun.com. Distributed by Tribune Content Agency, LLC.