Your Hidden Pay Check

Your employer is putting more into your paycheck than you know. If you’ve been concentrating on take-home pay and the taxes you have to pay, you’ve been missing a big part of your paycheck. You may not realize you have a second “hidden paycheck” with substantial benefits designed to assure your financial security.

           Every payday, employers add substantially to their employees’ paychecks –– above and beyond the take-home amount –– by offering valuable benefits programs designed to protect the employee’s lifestyle.

           Your “hidden paycheck” includes a variety of benefits paid partially or completely by your employer. These may include:

§ Social Security

§ Workers’ compensation

§ Unemployment compensation

§ Miscellaneous benefits

§ Paid vacations

§ Group hospitalization insurance

§ Retirement benefits

           Some of these “hidden paycheck” programs help you prepare for your retirement. Others cover part of your medical costs when you are injured or become ill.

Individual needs — individual choices

           Let’s face it: you’re different. You’re not like the American worker of 5, 10 or 20 years ago — or even your co-worker at the next desk. Today’s employees are more diverse demographically, better educated — and more interested in making their own benefits decisions. You have unique needs based on your individual lifestyle. And as your lifestyle changes, so do your benefits needs.

           So, how do you get the choices you need — and how do you know what you need? By participating in your benefits enrollment and the new choices of voluntary insurance available through Colonial Life. With voluntary insurance, you can:

§ Select from additional benefits choices.

§ Select benefits that meet your individual needs.

§ Obtain benefits not easily available elsewhere.

§ Pay premiums through convenient payroll deduction.

Your personal benefits package

           A “one-size-fits-all” approach to benefits doesn’t work for everyone. That’s where voluntary insurance comes in. You choose the types of coverage that fit your personal situation, whether you’re single or married, raising children or caring for elderly parents. And as your situation changes, you will have the opportunity to choose benefits that meet your changing needs.

           In addition to your current benefits, you can now choose from a variety of voluntary insurance benefits offered by Colonial Life. A Colonial Life representative will help you assess your current benefits program and identify any needs for additional benefits. Then Colonial Life will work with you to ensure you have the benefits package you and your family need.* Look for more information with your enrollment details.

* Coverage is subject to policy exclusions. Contact your Colonial Life representative for more details.

About the author

           Nicole A Simpson is a Sales Representative for Colonial Life. A veteran of more than 11 years in the insurance and benefits industry, your Simpson is responsible for marketing Colonial Life’s products and services in Columbus Ohio.

           Colonial Life & Accident Insurance Company is a market leader in providing financial protection benefits through the workplace, including disability, life, accident, dental, cancer, critical illness, and hospital confinement indemnity insurance. The company’s benefit services and education, innovative enrollment technology and personal service support more than 80,000 businesses and organizations, representing more than 3 million of America’s workers and their families. For more information call Nicole at 614-707-5227, or visit www.coloniallife.com