Employers are considering the needs of caregivers more than ever before, with many offering child and elder care benefits, paid parental leave and flexible work arrangements. A new insurance option allows them to take these benefits even further.
Benefits provider Juno is now offering first-of-its-kind child disability insurance through employers, bringing another addition to the supplemental insurance world. If a parent’s child develops a severe illness, disability or injury, parents are entitled to up to $1 million, which would be paid out in monthly installments over the course of 10 years. Parents can use it to cover medical costs, pay for specialized at-home care or even supplement lost income that went to their child’s care. Juno’s insurance covers any developments that occur from birth until children are 26 years old.
