2024 2025 FINAL Nordea Bank Benefit Guide

Voluntary Benefits

The following supplemental employee coverage addresses costs associated with injury, illness or hospital costs that are unexpected.

Type

Available Coverage

Cancer: 100% (1st Occurence), 100% (2nd Occurrence) Heart Attack: 100% (1st Occurrence), 100% (2nd Occurrence) Organ Failure: 100% (1st Occurrence), 100% (2nd Occurrence)

Critical Illness

Coverage Type: On and Off the Job Accidental Death: Employee - $50,000

Accident Insurance

Spouse - $20,000 Children - $10,000

Daily Hospital Confinement: $165 per Day, Max of 15 Days per Insured per Calendar Year

Hospital Admission: $500 Per Admission, Limit of 2 Admissions per Insured per Calendar Year Portability: Included

Hospital Indemnity

Contributions/Coverage for Voluntary Benefits per Pay Period

Accident Benefits Employee: $11.94

Critical Illness Coverage Employee: Lump sums of $10,000, $20,000 or $30,000 - GI: $30,000

Employee + Spouse: $19.25 Employee + Children: $22.28 Employee + Family: $29.59 Hospital Indemnity Benefits Employee: $12.75 Employee + Spouse: $26.64 Employee + Children: $21.34 Employee + Family: $35.23

Spouse: Lump sums from $10,000-$30,000 in $10,000 increments - GI: $30,000

Children: 50% of Employee Lump Sum Benefit GI: All Amounts

Employee Payroll Contributions Will Be Taken Out Once Per Month for Accident, Critical Illness, and Hospital Care.

2024-2025 Benefit Summary

25

Made with FlippingBook - PDF hosting