PG. 17
OTHER BENEFITS
Voluntary benefits can provide you with covered benefits on top of the coverage you have on your health, disability or life insurance. Unless otherwise specified, you can enroll yourself, your spouse or your children in these benefits.
This year’s benefit enrollment will include a new Colonial Life voluntary benefits offering, with a chance for you to enroll without any health questions (guaranteed issue) across all product lines. Benefits are also enhanced with generally lower costs.
For members also enrolled in Averitt BCBS medical plans, associates can opt in for Colonial Life to be notified when you complete medical services eligible for the Colonial Life wellness benefit. Colonial Life will let you know you have an eligible claim and send a reminder to file your wellness benefit. TO HAVE COVERAGE, YOU MUST MAKE AN ELECTION DURING OPEN ENROLLMENT Unlike prior years, with the exception of voluntary life, your existing Colonial Life coverages will not roll over . To continue with Colonial Life coverage through payroll deduction, you must make an election during open enrollment. To maintain your voluntary benefits coverage, do one of the following during this year’s open enrollment: • Option 1 (recommended): During Open Enrollment enroll in the new version of your current product. This will likely result in more comprehensive coverage at better rates. • Option 2 : Contact Colonial Life to have your old plan converted to direct bill, which would allow you to continue that coverage by paying for it directly rather than through payroll deduction. In most cases, enrolling in the new version of your current plan will be the best option. However, some older policy types have benefits that are no longer offered, where, based on individual circumstances, may be best to maintain. To be sure which option is right for you, you can meet with a benefits counselor during open enrollment who can help you make the best election for your situation by reviewing with you the new plan and explaining any differences with your old plan set to expire. Benefits counselors will be available from 7 AM to 7 PM CST, Monday – Friday, from October 6 through 24 at 866-606-9553 . COLONIAL LIFE VOLUNTARY BENEFITS • Accident Insurance — Provides benefits for injuries resulting from covered accidents, such as fractures, burns and lacerations, as well as for doctor’s office or emergency room visits, ambulance charges, X-rays, and physical therapy. Guaranteed Issue is available for all base plans for Associates, spouses, and dependent children. • Critical Illness Insurance with Cancer — Supplements your major medical coverage by providing a lump-sum benefit that you can use to pay the direct and indirect costs related to a covered critical illness, such as heart attack (myocardial infarction), end-stage renal failure, coronary artery bypass surgery, stroke, major organ transplant or cancer. Provides an annual health screening benefit for covered tests. Guaranteed Issue is available on the Associate base plans for face amounts up to $50,000. If covered under the Associate’s plan, spouse and dependent child benefits are 50% of the Associate’s face amount. • Hospital Confinement Indemnity Insurance — Provides a lump-sum benefit for a covered hospital confinement to help cover copayments and deductibles that are not covered by most major medical plans. Guaranteed Issue is available on all Associate and family coverage, up to a $1,500 hospital confinement benefit. • Whole Life Insurance — Provides death benefit coverage that you can increase or decrease as your needs change. The policy builds cash value on a tax-deferred basis at current interest rates, and premium payments are flexible. Guaranteed Issue is available to all Associates with face amounts up to $200,000 for those ages 18-50 and face amounts up to $75,000 for those ages 51-79.
NOTE: Policies have limitations and exclusions that may affect benefits payable. Ask your Colonial Life Benefits Counselor for complete details. In New York, Colonial Life Voluntary Benefits are underwritten by the Paul Revere Life Insurance Company.
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