ING Offers Accident Expense Coverage

March 29, 2006 ( - ING Employee Benefits (ING) has announced a new Accident insurance product to be sold in the workplace.

With Accident Insurance, covered individuals receive defined benefits for specified services and conditions resulting from a covered accident, the company said in a news release.

Other features of ING’s Accident insurance product:

  • Employers can choose one of three plan design options, reflecting a range of cost and benefit levels.
  • Employees are able to choose the coverage that best suits their life situation, including: employee-only, employee and spouse, full family (employee, spouse and dependent), or single- parent (employee and dependent) coverage.
  • Like all ING voluntary insurance products Accident insurance offers the convenience of payroll deduction.

“Given the many unexpected costs that can be incurred by just one accident, this product can offer important financial protection for consumers,” said Curt Olson, President of ING Employee Benefits US, in the news release. “Consumers may not recognize all of costs that can be associated with accidents, which can include everything from x-rays to physical therapy and hospital stays to child care. This coverage provides a direct payment to the covered individual which they may use to help offset some of those unplanned expenses.”

More information is at .