Hughston Benefits Guide
11
LIFE, DISABILITY & WORKSITE BENEFITS
LIFE INSURANCE | METLIFE
LONG TERM DISABILITY | METLIFE
Basic Life and Voluntary Life insurance provides for financial support in the untimely passing of a covered participant. Basic Life and AD&D** • Benefit amount: 1x your basic annual earnings, rounded to the next higher $1,000 - up to $150,000. The spouse benefit amount is $5,000 and $100 for your child from 15 days to 6 months or $2,500 for child 6 months to age 26. • Please be advised that should you reach age 65, your coverage will reduce by 35%. Should you reach age 80, your coverage will reduce by 60%. • Physician Paid . Voluntary Life and AD&D** • Employees can elect Voluntary Life and AD&D for the employee, spouse, and dependent children. • The cost is based on the amount you purchase and your age at the time of purchase, and you can calculate your cost while enrolling in the Hughston’s PlanSource employee portal. • Physician Paid .
Long Term Disability insurance provides partial income replacement in the event of a covered illness or accident that occurs outside of work. • Benefit begins once you have been out of the office due to your disability for 90 days. • Monthly benefit checks will be 60% of your monthly earnings to a maximum of $15,000 a month. • You can receive these monthly benefit checks up to your normal retirement age if you meet the definition of disability. • Physician Paid .
WORKSITE BENEFITS | AFLAC**
Accident The accident policy provides a cash benefit for out-of-pocket expenses associated with an accidental injury and can help protect hard-earned savings should an on or off-the-job accident occur. Cancer With an Aflac Cancer Care insurance policy, you can have financial peace of mind if a diagnosis of cancer ever occurs. Short Term Disability Short Term Disability insurance provides partial income replacement in the event of a covered illness or accident that occurs outside of work. Hospital Confinement Hospital Confinement insurance complements your present major medical coverage by providing cash benefits that can be used to help pay out-of-pocket expenses associated with a hospital confinement.
Employee Coverage
Spouse Coverage
Child Coverage
Flat amount: $2,500 $5,000 $7,500 $10,000 Guarantee Issue $10,000
Increments of $10,000 up to a maximum of $500,000, not to exceed 5x your earnings Guarantee Issue $150,000
Increments of $5,000 up to $250,000, not to exceed 50% of the employee amount
Guarantee Issue $50,000
AD&D Benefit amount is equal to the Voluntary Life amount. **If your spouse is also a benefits-eligible employee at Hughston, then you may not be eligible to purchase spousal coverage for Voluntary Life, Accident Insurance, Cancer Insurance and Hospital Confinement benefits. Only one employee can elect life coverage for the child. Please refer to plan documents for details.
This booklet is intended as a convenient summary of all major points of your benefits plan. This booklet does not cover all provisions, limitations, and exclusions. The official plan documents, policies, and certificates of insurance govern in all cases and are available for your inspection at any time.
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