February 4, 2025 Newswires

Symetra Enhances Workforce Benefits Offerings with Refreshed Group Accident Insurance

Business Wire

Introduces new optional benefits to support parents, caregivers, first responders and health care workers; adds enhancements to standard benefits in group accident policy

BELLEVUE, Wash.--(BUSINESS WIRE)--
Continuing to deliver a comprehensive workforce benefits product suite that meets the diverse needs of today’s employers and their employees, Symetra Life Insurance Company today announced updates to its group accident coverage that include an expanded range of optional benefits designed to support parents, multigenerational households, first responders and health care workers. Symetra Group Accident Insurance helps employees with out-of-pocket costs associated with an accident by paying fixed cash benefits for covered injuries and related medical services.

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"We are excited to introduce several unique optional benefits to our group accident coverage that really focus on covering traditionally underserved consumers and groups with specific coverage needs — parents, caregivers, first responders and healthcare workers.” — Todd Dzen, vice president, Product Management & Voluntary Practice Lead. (Photo: Business Wire)

“Even when employers have a major medical plan, it can be difficult for employees to meet their deductible, copay or coinsurance requirements. We are excited to introduce several unique optional benefits to our group accident coverage that really focus on covering traditionally underserved consumers and groups with specific coverage needs — parents, caregivers, first responders and healthcare workers,” said Todd Dzen, vice president, Product Management & Voluntary Practice Lead. “We are also pleased to introduce an enhanced version of our standard policy including expanded coverage, additional benefits and higher benefit amounts. We believe these new offerings will help a broader group of consumers manage the unexpected expenses they may face after an accidental injury.”

Optional benefits to support families

Family care benefit provides weekly benefits for parents who need to arrange new child care or pet care services after an accident, up to a maximum amount.
Parental caregiver benefit allows insureds to extend their core accident coverage to parents, in-laws or grandparents who reside with them full-time.

Optional benefits for first responders and health care workers

First responder benefit rider provides additional benefits for work-related injuries such as gun-shot wounds, aggravated assaults and more.
Health care worker benefit rider provides additional benefits for job-related accidents such as occupational exposures to HIV, hepatitis and tuberculosis, with additional benefits for a later diagnosis resulting from the exposure.
Health systems additional benefit rider: Employees who experience a covered accidental injury can receive higher benefit amounts for certain medical services if provided within their employer’s system.

Enhanced group accident plans now automatically include:

Initial accident benefit applied to every approved claim to help employees cover even more out-of-pocket costs.
Coverage for common injuries and household accidents such as sprains, animal bites, carbon monoxide poisoning and electric shocks.
Additional benefits for covered injuries resulting from a crime.
Higher benefit amounts for emergency care, diagnostics, hospitalizations and other medical services.

For more information about Symetra Group Accident Insurance, contact a Symetra Benefits representative or visit https://brokersconsultants.symetra.com/enhanced-group-accident-plan/.

Symetra offers group life and disability insurance, absence management, including paid family medical leave (PFML), and stop loss. In addition to accident insurance, its suite of group supplemental health products includes hospital indemnity and critical illness insurance, which are designed to complement any other plan, including major medical coverage paired with an HSA.

About Symetra

Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation, a diversified financial services company based in Bellevue, Washington. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent financial professionals and insurance producers. For more information, visit www.symetra.com.

Scheduled benefit accident coverage, insured by Symetra Life Insurance Company, 777 108th Ave NE, Suite 1200, Bellevue, WA 98004, is not available in all U.S. states or any U.S. territory. It pays a fixed amount and does not cover losses due to sickness, nor does it cover the cost of all hospital and medical services. It is not a replacement for major medical or other comprehensive coverage and does not satisfy the minimum essential coverage requirements of the Affordable Care Act. Base policy form number is SBC-03510 1/18.

Coverage may be subject to exclusions, limitations, reductions and termination of benefit provisions.

THIS POLICY IS ISSUED AS AN ACCIDENT ONLY POLICY. IT DOES NOT PAY BENEFITS FOR LOSS CAUSED BY ILLNESS.

The policies and riders are not available in all U.S. states or any U.S. territory. Terms and conditions may vary by the state in which they are available. A rider is a provision of the policy that may have additional costs, limitations, potential benefits and features that should never be confused with the base policy itself. Before evaluating the benefits of a rider, carefully examine the policy to which it is attached.