Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Sep 9, 2021

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The lowdown...

  • You will get a full definition of voluntary health insurance.
  • Voluntary health insurance, also known as VHI, will be explained in detail and why it is beneficial to you.
  • You will understand the options as they apply and if you are interested in voluntary health insurance, including dental, cancer, and vision
  • Voluntary health insurance policies are not for everyone and you are not required to opt in.
  • Voluntary health insurance has a place in the modern Marketplace if you want to expand your coverage beyond basic health.


You will understand the aspects of voluntary health insurance as well as other facts and factors attached to the particular policy.

Voluntary health insurance, also known as VHI, is an insurance coverage that joins out of pocket expenses with voluntary health insurance premiums. Voluntary health insurance policies range from workplace group insurance plans to community-based insurance.

American Cancer Society, American Heart Association, their state and local affiliates, and National Lung Institute are examples of non-profit organizations that assist those that fall under their employment. The nonprofits rely on donations and contributions to use voluntary health insurance and utilize the benefits.

Read on to learn more about health insurance below and make sure to compare rates with our free quote above! 

Who Is eligible for voluntary health insurance?

You are able to participate in voluntary health insurance policies. Through employers, Voluntary Insurance is an additional perk provided as workplace benefits. Companies offer these health insurance plans to allow their employee’s options to buy further, and more immersive insurance coverage through an approved insurance company.

Common types of voluntary insurance include life insurance, dental coverage, disability insurance, vision coverage, and catastrophic even umbrella insurance.

The additional insurance policies are voluntary because it is up to the employee as to whether or not they are willing to buy additional coverage. The employer is likely to not pay the premiums for voluntary health insurance you buy into through your workplace sign-up period. State laws also don’t typically require employers to offer or supplement these types of policies.

The benefit of enrolling into the voluntary health insurance program through your work places’ option is that the premiums are low because they are covering a group. The group insurance deduction relieves huge premiums and overloaded co-pays. You are still paying out of pocket, but at a lower rate if you were without supplemental insurance.

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What options does voluntary insurance give you?

As an employee, you are already set to enroll for voluntary health insurance so that you become fully covered. However, options are available if you do not wish to use a group plan to fill in the blanks of your health care coverage. This goes way beyond choosing between PPOs and HMOs in private health insurance. When they set it up online, you go through a checklist choosing yes or no. The problem is many employees don’t necessarily know what they’re looking at. They just see a monthly cost (no matter how small) versus free. The average worker can’t see how these plans might help with things like funeral costs, critical illness, etc.

Many companies recruit by offering a wide array of benefits. These policy options typically come with some guidance to help employees make the right decisions for their families and insurance needs. When done with care, voluntary insurance can save families thousands in out of pocket expenses while also improving worker quality of life.

Your health cafeteria plan’s outline is the base of the Bill of Patient Rights contained in The Affordable Care Act. Additional insurance companies handle insurance policies differently.

Supplemental health insurance often is used as a gap insurance. However, that does not ensure that all procedures become covered nor that you will still retain out of pocket expense.

What types of voluntary health insurance are available?

General health insurance provided through work places, small business, and non-profit organizations leave consumers often paying for procedures that are not covered by an underlying policy. Nonetheless, you have options to opt into additional insurance on a voluntary basis.

Vision Coverage

Cafeteria plans garnered from your job and policies through the Marketplace does not include, nor mandate, coverage for vision. Depending on where you live, you might be used to having an affordable or free policy available with your medical services, but it depends on your employer. Vision policies cover glasses, contacts, exams, and some procedures. Higher level voluntary vision insurance may even cover Lasik surgery and other operations that may arise.

Dental Insurance Coverage

Dental insurance, easily overlooked when open enrollment occurs, it is a primary plan if you wish to remain at your best. Many people do not foresee a driving tooth ache or an accident that could destroy a tooth. They may not even see the thousands you can spend on braces coming. Even with good dental coverage, many people find themselves planning bigger treatments around when their limits will reset. Going without this generally affordable coverage could put essential treatments out of reach financially.

It is better to be prepared for the worst case scenario rather than wait until you find yourself paying for a catastrophic, unexpected incident.

Routine dental check-ups ensure your overall health. Avoiding gum disease and oral infections are crucial to one’s overall well-being. It should be always a consideration when the option to opt into dental insurance becomes available.

Cancer Insurance

People never believe they could be someone who struck with cancer. However, no one is safe from the disease. Cancer insurance policies not only cover your treatments and surgery but in some cases, they pay a stipend while you get well so you can return to work. The stipend pays bills, living expenses, and will keep you out of serious debt.

The option to enroll in specialized insurance is there and available. We are mortal and do not want to find ourselves in a genuinely tragic situation without health coverage, nor the funds to cover the high cost of radiation, chemotherapy, and surgeries.

Other Voluntary Health Insurance Policies

Accidents happen to the best of us. You are able to buy into accident insurance, as well as long-term care if the event was calamitous. Specialized hospital coverage is also available as a voluntary health insurance policy as well as disability insurance if your injuries leave you disabled.

Even a small amount of life insurance can protect your family helping to pay things like debt left behind and funeral costs. The trick is to get to know your employer’s plans and see what’s readily available to you.

Is voluntary health insurance for you?

Everyone should do their research when they are searching for health plans of any variety. You should take into account your health and future health problems. The research you do is the best chance you have of having prime health care at the lowest cost. Especially when voluntary health programs are cheap or free, it doesn’t hurt to also be prepared for the unexpected.

Ask questions of your insurance agents and human resource officers. If you are a small business owner or a non-profit, the benefits outweigh the risks because of the ever changing world of health insurance. You are your health advocate, and it is you that knows whether you need it or if you do not.

The choices are vast and taken into consideration. Don’t miss out on our rates comparison tool below! Just enter your zip code and start comparing rates now!

References:

  1. https://www.imf.org/external/np/seminars/eng/2011/paris/pdf/Thomson.pdf
  2. https://www.healthcare.gov/
  3. https://www.healthmarkets.com/resources/supplemental-health-insurance/how-supplemental-vision-insurance-works/
  4. http://www.insurance-research.org/