welcome [] · after 30 days, $400 daily $400 daily for first 30 days in intensive care maximum...
Post on 06-Aug-2020
5 Views
Preview:
TRANSCRIPT
Welcome
Voluntary Supplemental Benefits
Hal Doyle
www.coloniallife.com
o Why are we here?
o Review your entire benefits program
o Talk about how to enroll
o Who to see, and when to see them
o Assist you in the selection of all benefits
o Sign up and activate
www.coloniallife.com
o“If something happened to me TODAY, could I o Pay my rent or mortgage?
o Put food on my table?
o Keep my car on the road?
o Pay my bills? (especially heating and electricity)
o Provide for my children?
o Can you support or maintain your lifestyle in the face of
reducing personal assets to meet your expenses?
Accident Care
o An on-the-job accident occurs every eight seconds
o Approximately 22% of the injury visits to an emergency room are the result of
sports-related activities for persons between the age of 5 and 22
o Helps pay the direct (medical) and indirect (non-medical) expenses that may result from a covered accident.
o Provides benefits for initial care and treatment, in addition to some follow-up care that you may need.
www.coloniallife.com www.coloniallife.com
www.coloniallife.com www.coloniallife.com
Accident Care
Initial Care - $150 ER benefit, $100 Ambulance benefit, $50 Doctors Office benefit
Injury Benefits – Broken bones, dislocations, burns, concussions, lacerations, and more
Hospitalization - $750 on admission, $200 daily for 365 days
Other benefits – Follow-up doctor visits, physical therapy, wheelchairs, crutches, accidental death
Optional benefits include – wellness benefit, sickness hospitalization and spouse disability
Off-Job Only or On/Off-Job benefits are available. On-the-Job benefits DO NOT interact with workers compensation.
The base accident plan required NO HEALTH QUESTIONS
Sickness hospital rider will require certain health questions be answered.
Medical Bridge 3000 - Hospital Confinement Indemnity Insurance
Designed to supplement your existing major medical coverage.
Lump-sum benefit helps you to pay medical and non-medical expenses associated with a hospital stay, such as:
Deductibles or co-payments.
Transportation to and from the hospital.
www.coloniallife.com www.coloniallife.com
www.coloniallife.com www.coloniallife.com
Colonial Life Medical Bridge 3000
Hospital Confinement Indemnity Insurance
Lump-sum benefit helps you to off-set the expenses associated with hospital related services, such as:
Hospital Confinement – pays a $500 per in-patient admission
Outpatient surgery - $500 or $1000 depending on procedure ($1500 annual maximum)
$250 for hospital based diagnostic tests (payable once annually)
$150 ER visits for accidents or sickness (payable once annually)
Wellness benefit - $50 annually for 18 different tests
Rehabilitation benefit - $100 daily for 15 days (30 days annual maximum) o Coverage available for Employees, Spouse and Children o GUARANTEED ISSUE for new employees!!
Group Cancer 1000
o The risk of developing cancer is, unfortunately, very real
o The lifetime risk for men is 1 of 2, and for women 1 of 3
o Cancer costs exceed $174 Billion annually in the U.S.
o Primarily indirect and hidden costs
o Major Medical typically covers 35% of Direct Costs
o YOU pay indirect expenses -- 65% of total costs!
o Improved treatment and screening make cancer more detectable and survivable than ever.
o 5-year survival rate for screening accessible cancer is 80%
o It could be as high as 95% if everyone took advantage of regular screening
www.coloniallife.com
www.coloniallife.com www.coloniallife.com
Group Cancer 1000
Helps protect you against the indirect expenses associated with cancer
Benefits payable for:
Cancer Screen/Wellness Benefits - $75 annually
Hospital confinement - $200 daily for the first 30 days
After 30 days, $400 daily
$400 daily for first 30 days in Intensive Care
Maximum confinement/ICU benefit = 180 days
Radiation/chemotherapy - $225 daily, $7500 annual maximum
Monthly maximums' apply depending on delivery method
Transportation – 50cents/mile for $700 mile round trip. Payable for insured and traveling companion
Lodging - $50/night for 70 nights
Additional First Diagnosis benefit, lump sum payable upon diagnosis of any internal cancer.
NOTE: THIS PLAN IS GUARANTEED ISSUE FOR NEW EMPLOYEES
www.coloniallife.com www.coloniallife.com
Colonial Life Group Critical Illness
Helps protect your financial security if you experience a specified critical illness
Heart attack (myocardial infarction)
Stroke
Transplant (as a result of heart failure)
End Stage Renal Failure
Transplant as the result of a major organ failure other than heart
Bypass surgery (as a result of coronary artery disease)
Blindness
Permanent Paralysis (due to a covered accident)
Pays a lump-sum benefit upon diagnosis
Up to $50,000 for employees - GUARANTEED ISSUE UP TO $20,000
Spouse benefit is 50% of employee benefit, Dependent benefit is 25%
o All Colonial Life Plans are: o Guaranteed Issue – For new employees during their
initial eligibility – NO HEALTH QUESTIONS o Guaranteed renewable – once issued you never have
to “reapply” as long as the premium is paid o Portable – Accident Care and Medical Bridge are
portable – keep the coverage at the same price even if you change jobs
o Convertible – Group Cancer and Group Critical Illness may be converted to individual policies no question asked for the EMPLOYEE (spouse and dependent coverage may NOT be converted).
www.coloniallife.com
www.coloniallife.com www.coloniallife.com
top related