CRITICAL ILLNESS
Administered by Lincoln Financial Group
When you least expect it, life happens. Serious illness, accidents, or hospital visits all come with out-of-pocket medical and non-medical expenses that can set you back financially. Critical illness coverage is a flexible, innovative way to fill the insurance gaps for health care coverage. It pays the associate directly when a critical illness unexpectedly affects you or your family. Critical illness pays a lump sum benefit directly to you if you or a covered dependent are diagnosed with a covered illness or condition after the effective date of your insurance. Associates can purchase Critical Illness coverage for themselves, their spouse and their children (up to age 26). With this added benefit, you can focus on getting better, not your finances. Payroll contributions will be made on a post-tax basis.
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BENEFITS | |
Associate | Dependents | |
Benefit Amount | $5,000 or $10,000 | Spouse: $2,500 or $5,000 (not to exceed 50% of associate amount) Child: 25% of associate amount |
Benefit Reduction | 50% at age 70 | |
Portability | Included | |
Pre-existing Conditions | 3 month look back period, 12 month exclusion period | |
Wellness Benefit | $50 associate, spouse, child(ren) |
RESOURCES
1st Occurrence | 2nd Occurrence | |
Invasive Cancer | 100% | 50% |
Carcinoma In Situ | 30% | 0% |
Skin Cancer | $250 | Not Covered |
Heart Attack | 100% | 50% |
Stroke | 100% | 50% |
Heart Failure | 100% | 50% |
Coronary Arteriosclerosis | 30% | 0% |
Organ/Kidney Failure | 100% | 50% |
SEMI-MONTHLY PREMIUM | |||||
Employee | |||||
Benefit Amount | 25 | 35 | 45 | 55 | 65 |
$1,000 Unit Rates | $.472 | $.713 | $1.286 | $2.394 | $4.296 |
Spouse | |||||
Benefit Amount | 25 | 35 | 45 | 55 | 65 |
$1,000 Unit Rates | $.472 | $.713 | $1.286 | $2.394 | $4.296 |
Rates illustrated are a sample based on the specific age noted. The Lincoln material will include the complete rate table.
Email Katie Plush ([email protected]) or Vicki Barone ([email protected]) if you have any questions about the benefits or online enrollment process.