For employers with a large hourly or part time workforce a limited benefit medical plan or mini med plan is an excellent alternative to offering costly major medical insurance.

In fact, the policies are among the fastest-growing health-insurance offerings in the workplace. A voluntary limited benefit medical plan helps pay basic medical expenses related to illnesses or emergencies resulting from covered accidents. This is a great option that allows employees to maximize their benefits while also fitting their financial situation.

Many limited benefit medical plans can be customized to include or exclude features according to the employer’s preference. Some common features are daily in-hospital benefit, outpatient physician office visit, Surgery and anesthesia, accident, wellness benefit, and critical illness benefit. In addition, various benefits can be added to enhance the plan. Some of these benefits include prescription benefits, dental, vision, disability, and life insurance. In addition, the plans have annual coverage caps that range from $5,000 to $150,000. In most cases, the plans accept applicants regardless of pre-existing conditions, and premiums remain the same regardless of a member’s age, gender or place of residence.