46% of the population has less than $1,000 in savings for unexpected healthcare expenses
Illness and medical bills were the cause of 62% of the personal bankruptcies in the U.S. last year – 78% of those families had health insurance
Even families with health insurance incurred an average of just under $18,000 in out of pocket cost for their treatment
Since its inception, the program has allowed members to provide more financial security for themselves and their families through a series of supplemental insurance products offered at the worksite through payroll deduction. The Life, Catastrophic Loss rider, Critical Illness, Cancer, Accident, Short and Long-term Disability Income, and Hospital Indemnity policies were custom designed for Union members and negotiated with features and values based on the needs of the Union population. In addition, the EBS Retirement Division assists those retiring and retired Union members with access to group Medicare and retiree Dental coverages.