Group Voluntary Benefits: Accident, Critical

Transcript:Group Voluntary Benefits: Accident, Critical:
Group Voluntary Benefits: Accident, Critical Illness, and Hospital Indemnity Insurance ACCIDENT INSURANCE ACCIDENT INSURANCE WHAT IS IT? Cash benefit(s) for a covered injury, related services and treatments including: Diagnostic exams, x-rays and other emergency services Initial and follow-up physician visits Ambulance transportation Bone fractures and dislocation incidents Follow-up/recovery services Physical therapy and chiropractic care HOW THE COVERAGE WORKS You, your spouse and your dependent children are eligible for coverage. You choose the amount of coverage available at the time of enrollment. Coverage is available with guaranteed acceptance. You’ll receive a direct payment for a covered injury and related services. ACCIDENT INSURANCE WHY DO I NEED IT? Accident insurance can help relieve the financial impact of a covered accident. You can use the direct payment(s) in any way you choose including: Deductibles and co-insurance Everyday living expenses like bills, groceries, and rent/mortgage Your health insurance may pick up most of the tab, but leave you with out-of-pocket expenses that add up quickly. When combined with other coverages, such as disability insurance, Accident insurance can help ease the unplanned financial burden of a serious injury. “FastStats: Emergency Department Visits.” CDC.gov. CDC, May 2017. Web. Each year, Americans make 40.2 million injury-related visits to the emergency room. 5 ACCIDENT INSURANCE ALL THE DETAILS How can I purchase coverage? Employee Employee/Spouse/DP Employee/Child(ren) Family Who’s eligible? Full-time and part-time employees who work at least 1,000 hours per year Guaranteed issue Coverage is guaranteed issue—no medical questionnaires are required to enroll Can I take the coverage if I leave my job? Coverage may be continued under a group portability policy. Call 877-320-0484 for more details ACCIDENT INSURANCE BENEFIT EXAMPLE: EMILY’S STORY During gym class at school, Emily is playing basketball. She trips, falls hard on her knee and hits her head on the gym floor. She is taken by ambulance to the hospital for a broken leg. While there, Emily receives various services. The plan would pay a benefit amount for each service covered as a result of the accident. This benefit example is fictitious and for illustrative purposes. The benefit amounts used in this example are for demonstration purposes only and may vary from the benefits that are available to you. The amounts shown are from The Hartford’s Accident Plan 1. Accident Form Series includes GBD-2000, GBD-2300, or state equivalent. CRITICAL ILLNESS INSURANCE CRITICAL ILLNESS INSURANCE WHAT IS IT? A lump sum benefit paid directly