Voluntary Benefits
Accidents can happen to anyone, at any time. Could you afford the financial impact if one happened to you or someone in your family? With accident insurance, you can be better prepared for the unexpected.
Accident insurance can cover out-of-pocket medical expenses related to an accidental injury. Benefits are paid for injuries resulting from an accident, and they don’t interfere or coordinate with your major medical plan.
Even with major medical insurance, your out-of-pocket health care costs can be substantial. Accident insurance can help you offset your deductible, copay or coinsurance requirements while paying little to nothing from your own pocket. Benefits can also be used to pay for other expenses that may follow an accident, such as medical supplies, help with childcare or anything else you may need.
If you end up in the hospital, you probably want to focus more on your recovery, not your medical bills. Hospital indemnity insurance can help with the cost of your stay, giving you and your family some financial peace of mind.
Hospital indemnity insurance pays a fixed dollar amount per day for services and supplies you receive during a hospital stay, up to a maximum number of days each year. Stays in a mental health, substance abuse or nursing facility are also covered. There are no pre-existing condition limitations, no health questions to answer and no medical tests to take. You’re paid the full per-day benefit no matter what other insurance you have.
Pays a fixed dollar amount for each day of a hospital stay lasting 24 hours or more. Benefits are paid until you reach the maximum number of days stated in your policy. Your plan also has an initial day confinement benefit (admission benefit), which pays a higher benefit amount for your first day of a hospitalization. In addition to hospitals, benefits are paid for stays in other eligible facilities. Each facility has its own per-day benefit and calendar-year maximum.
Newborn benefit: If you have a baby while you’re covered under the hospital indemnity plan, not only is your hospital stay covered, but your newborn is automatically covered under this plan from birth through the first 31 days of life.
Critical illness insurance can provide some financial relief during a serious medical condition or life event. Benefits can be used for anything – whether it’s transportation, childcare or other expenses – helping you focus on your recovery rather than your finances.
If you are diagnosed with a covered condition after the policy is in effect, you will receive a lumpsum benefit payment based on the terms of your policy and the diagnosis. Benefits are paid directly to you, regardless of any other insurance coverage you may have.
A critical medical event usually leads to unknown and unexpected costs. And many of these – such as additional needs for transportation, childcare, help around the house and more – aren’t covered by health insurance. Critical Illness Insurance can help pay for these additional expenses while you focus on your recovery.