Critical Illness The plans are designed to help offset expenses associated with the diagnosis and treatment of a critical illness, such as deductibles, copays, and lost income. CRITICAL ILLNESS INSURANCE This insurance pays a lump-sum cash benefit directly to you following the diagnosis of a covered critical illness or event, such as a heart attack, stroke or cancer. The benefit is yours to use however you want, including paying for healthcare expenses, mortgage, rent, or other bills. Coverage Options You can choose from three cash benefit levels for yourself: $10,000 $20,000 $30,000 Coverage is also available for spouses and children, not to exceed 50% of the employee’s benefit. Portability included: Allowing you to take the policy with you if you end employment with VPP.
Covered Illnesses or Events*
100% Benefit
Invasive Cancer Heart Attack Stroke Major Organ Failure End-stage Renal Disease Type 1 Diabetes Coma Hemophilia
Alzheimer’s Disease Dementia ALS Parkinson’s Disease Severe Sepsis Multiple Sclerosis Muscular Dystrophy Loss of Sight, Speech, or Hearing
50% Benefit
Coronary Artery Disease, Ruptured Aneurysm, ARDS
Child Conditions
25% Benefit
Autism Spectrum Disorder, Cerebral Palsy, Cystic Fibrosis, Cleft Lip/Palate, Sickle Cell Anemia
Non-invasive Cancer, Advanced Obesity, Crohn’s Disease, 20+ Infectious Diseases
*This is an abbrieviated list of the most common critical illnesses. See plan summary for complete list of covered conditions.
Employee Cost for Critical Illness Insurance Rates for critical illness are based on your age and the benefit level selected. See Paycom for more information. Refer to the benefit plan summaries for details on all policies. Critical Illness Insurance includes an annual benefit of $50 for you and covered spouse when you take a covered health screening test. Over 40 different screenings qualify, including: Cholesterol screening Mammogram Immunizations, e.g., COVID-19 WELLNESS BENEFIT
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