Voluntary Benefits
Accidental Insurance Benefits
Accident insurance provides cash benefits if you or a covered family member is accidentally injured while off the job. Claims payments are made in flat amounts based on services incurred during an accident.
You receive a $50 cash benefit every year you and any of your covered family members complete a single covered health assessment.
Accident Insurance Costs
Listed to the right are the monthly costs for accident insurance. The amount you pay for coverage is deducted from your paycheck on a post-tax basis.
Level of Coverage | Accident Insurance |
|---|---|
Employee only | $13.81 |
Employee + Spouse | $22.89 |
Employee + Child(ren) | $24.87 |
Employee + Family | $33.60 |
Critical Illness Benefits
Critical illness insurance provides cash benefits if you or a covered family member is diagnosed with a critical illness or event. Benefits are paid in addition to what is covered under your health insurance. This plan includes access to a personal health advocate who can assist you in managing health care services for you and your entire family.
• Employee: $10,000, $20,000, or $30,000—guarantee issue: $30,000
• Spouse: $5,000, $10,000, or $15,000 (up to 50% of the employee coverage amount)—guarantee issue: $15,000
• Dependent children: $5,000, $10,000, or $15,000 (up to 50% of the employee coverage amount)—guarantee issue: $15,000
You receive a $50 cash benefit every year you and any of your covered family members complete a single covered health assessment.
Total cost of premiums calculated at time of enrollment
Hospital Indemnity
If you or a covered family member have to go to the hospital for an accident or injury, hospital indemnity insurance provides a lump-sum cash benefit to help you take care of unexpected expenses—anything from deductibles to child care to everyday bills.
• Hospital admission:$1,000 (1 admission/year)
• Hospital confinement:$100 per day up to 60 days
• Intensive care unit admission:$2,000 (1 admission/year) You receive a $50 cash benefit every year you and any of your covered family members complete a single covered health assessment.
• Intensive care unit confinement:$200 per day for 15 days
Hospital Indemnity Costs
Listed to the right are the monthly costs for hospital indemnity insurance. The amount you pay for coverage is deducted from your paycheck on a post-tax basis.
Level of Coverage | Hospital Indemnity Insurance |
|---|---|
Employee only | $18.78 |
Employee + Spouse | $40.43 |
Employee + Child(ren) | $29.65 |
Employee + Family | $53.61 |
Voluntary Life and AD&D Benefits
Ingenovis Health provides you the option to purchase voluntary life and AD&D insurance for yourself, your spouse, and your dependent children through Lincoln Financial.
You must purchase voluntary coverage for yourself in order to purchase coverage for your spouse and/or dependents.
Voluntary life rates are age-banded based on the age of the employee (see below for rates). Benefits for you and your dependents are
subject to an age reduction schedule beginning at age 65.
Employee: $10,000 increments up to $500,000—guarantee issue: $200,000
Spouse: $5,000 increments up to $250,000 or 50% of the employee’s election,whichever is less—guarantee issue: $30,000
Dependent children: $10,000—guarantee issue: $10,000
Listed below are the monthly rates for voluntary life and AD&D insurance Per $1,000 of coverage. The amount you pay for voluntary life and AD&D insurance is deducted from your paycheck on a post-tax basis. Spouse life rates are based on the spouse’s age.
Age | Employee Rate | Spouse Rate | Child Rate |
|---|---|---|---|
<20 | $0.059 | $0.059 | $0.22 |
20–24 | $0.059 | $0.059 | $0.22 |
25–29 | $0.059 | $0.059 | $0.22 |
30–34 | $0.072 | $0.072 | $0.22 |
35–39 | $0.087 | $0.087 | $0.22 |
40–44 | $0.113 | $0.113 | $0.22 |
45–49 | $0.162 | $0.162 | $0.22 |
50–54 | $0.239 | $0.239 | $0.22 |
55–59 | $0.390 | $0.390 | $0.22 |
60–64 | $0.578 | $0.578 | $0.22 |
65–69 | $1.071 | $1.071 | $0.22 |
70–74 | $1.935 | $1.935 | $0.22 |
75+ | $1.935 | $1.935 | $0.22 |
During your newly eligible window, you may elect coverage up to the guarantee issue amount without completing a statement of health (evidence of insurability). If you do not enroll when first eligible, and choose to enroll during a subsequent annual open enrollment period, you will be required to submit evidence of insurability for any amount of
coverage. Coverage will not take effect until approved by Lincoln Financial Group.
During the annual enrollment period, you may increase your coverage by two increments up to the guarantee issue amount without completing evidence of insurability (EOI) even if you have previously waived coverage.
Disability Benefits
Disability insurance keeps you and your family financially
protected if you become unable to work due to an illness or
injury.
Voluntary Short Term Disability Benefits
Ingenovis Health offers you the option to purchase voluntary short-term
disability (STD) insurance through Lincoln Financial. STD insurance is
designed to help you meet your financial needs if you become unable to
work due to an illness or injury. Benefits will be reduced by other income,
including state-mandated STD plans.
Benefit: 60% of base weekly pay up to $2,000
Elimination period: 14 days (illness or accident)
Benefit duration: Up to 26 weeks
Age | Voluntary Short-Term Disability Monthly Rates Per $10 of weekly benefit |
|---|---|
0–54 | $1.180 |
55–59 | $1.310 |
60–64 | $1.530 |
65–99 | $1.680 |
Voluntary Long Term Disability Benefits
Ingenovis Health offers you the option to purchase voluntary long-term
disability (LTD) insurance through Lincoln Financial. LTD insurance is
designed to help you meet your financial needs if your disability extends
beyond the STD period.
Benefit: 60% of base monthly pay up to $14,000
Elimination period: 180 days
Benefit duration: Later of age 65 or social security normal retirement age
Age | Voluntary Long-Term Disability Monthly Rates Per $10 of weekly benefit |
|---|---|
0–29 | $0.099 |
30–34 | $0.243 |
35–39 | $0.380 |
40–44 | $0.568 |
45–49 | $0.765 |
50–54 | $1.060 |
55–59 | $1.124 |
60–64 | $1.186 |
65–69 | $1.233 |
70+ | $1.264 |