Additional Voluntary Benefit Offerings Benefits You Receive
Voluntary Benefits are a cost-effective way to help employees offset out-of-pocket medical expenses and provide financial stability. As an employee of Thomas College, you have the opportunity to apply for and purchase personal programs and insurance products . These benefits can enhance your current benefits portfolio and can be customized to fit your individual needs. Programs and insurance products have advantages including: • Any benefits are paid directly to you; • You can take the coverage with you if you change jobs or retire; and • While you pay the cost, premiums are payroll deducted. The following insurance plans are offered: Accident Insurance Thomas College offers 2 plans of accident insurance to offset unexpected medical expenses, such as deductibles and copayments that result from a fracture, dislocation or other covered accidental injury. Critical Illness Insurance Thomas College offers 3 plans of critical Illness options. This complements major medical coverage by providing a lump-sum benefit you can use to help pay the direct and indirect costs related to a covered critical illness. Group Hospital Indemnity Insurance Thomas College offers a hospital indemnity plan that provides a lump-sum benefit for medical expenses resulting from inpatient hospitalization or outpatient services, diagnostic testing, doctor’s office visits and wellness checkups. ID Theft Protection Thomas College offers an ID Theft Protection plan that monitors any and all signs of criminal activity, including but not limited to data breaches, ATM overlays, malware and viruses, medical ID theft, tax-related theft, social security ID theft, new account monitoring, and credit monitoring. Legal Thomas College offers 2 group legal plans. You can receive advice and representation to resolve your legal issues. With this plan, employees can face these issues with the confidence that solid legal coverage provides. Pet Insurance Thomas College offers pet insurance that can get a percentage of return on vet bills, allow set prices regardless of the pets age, and provides general wellness for your pet. Refer to your plan documentation for more information. This Guide is for illustrative purposes only and is not a legal contract, contract of employment or guarantee of overage. Any benefits payable will be subject to the terms and conditions of the insurance policy issued by the insurance company and relevant plan document. 40
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