PRESSRELEASE
XcelHR announces newbenefit product, criticalillness insurance
XcelHR introduces critical insurance covering 22 critical illnesses.
Rockville, MD – September 17, 2018 – Critical illness can decimate people’s finances and cause a devastating amount of life stress and strain. According to MetLife, in order to cover the costs of critical illnesses, 40% or people borrowed money, 47% had higher credit card balances, 44% couldn’t pay their bills, and 64% withdrew funds from their savings. With employee needs in mind, XcelHR is now offering critical illness insurance to clients, provided by MetLife.
Critical illness insurance has your back
MetLife’s critical illness insurance provides coverage for 22 listed critical illnesses, including cancer, heart attack, stroke and more. It helps offset expenses not reimbursed by other types of insurance; however, it is not a replacement for traditional medical or disability income insurance. Critical insurance covers employees, their spouses or domestic partners, and children. They can receive payment within 10 business days after a short, three-step claims process. Learn more about critical illness insurance here.
Other notable features for this coverage include:
- a lump-sum payment upon diagnosis verification
- covered individuals only need to submit proof of diagnosis because it is not reimbursed based
- allows covered individuals to use the lump-sum payment the way they see fit
MetLife is a leading global provider of life, accident and health insurance, retirement and savings products, serving 100 million customers in nearly 50 countries worldwide.
About XcelHR
XcelHR is a Professional Employer Organization (PEO) founded in 1992 that specializes in helping small to midsized businesses mitigate the employment risk associated with managing employees. XcelHR takes care of the day-to-day HR administrative tasks associated with paying employees, offering benefits, resolving disputes and more, so business owners can focus on revenue-generating business initiatives.
Our HR expertise and HRIS software assists business owners at critical points throughout the employee lifecycle, from recruitment to retirement. Businesses that partner with a PEO grow 7 to 9% faster than those not with a PEO, and are 50% less likely to go out of business (NAPEO). XcelHR is a nationwide PEO which services hundreds of clients and thousands of worksite employees in the fifty states of America. Find more information about the services XcelHR offers at www.xcelhr.com.
For media and other inquiries, please contact XcelHR:
info@xcelhr.com
800-776-0076
www.xcelhr.com