CORE & VOLUNTARY COVERAGE

Our benefits program focuses on awareness and prevention in supporting your health, and is meant to help protect you and your family in the event of unanticipated health events. Our objectives in offering employee benefits include:

  • Basic protection for our employees against catastrophic events or income interruption;
  • Disease prevention and disease management; and
  • Meaningful choice to meet the needs of our diverse workforce.

That’s why we offer both Core and Voluntary Benefits – to ensure your basic healthcare needs are met, while also allowing for some flexibility and choice based on your personal situation.


CORE COVERAGE
100% of premiums paid by Samuel

BASIC LIFE INSURANCE AND BASIC AD&D
  • 1.5 X Annual Earnings
  • $500,000 maximum
  • Reduced by 35% of the original amount at age 65
  • Reduced by 50% of original amount at age 70
SHORT-TERM DISABILITY
  • 60% of earnings for up to 26 weeks, to a maximum of $2,000 per week
  • Injury - There is a 7-day waiting period. Disability benefits begin on day 8
  • Sickness – There is a 7-day waiting period. Disability benefits begin on day 8
  • Taxable / company paid
LONG-TERM DISABILITY
  • 60% of earnings to a maximum of $9,000 per month
  • 180-day elimination period
  • Taxable / company paid
* Excludes employees eligible for State-provided STD. STD payments for some other employees are offset by State-provided benefits.

VOLUNTARY COVERAGE
100% of premiums paid by the employee, subject to approval by insurer
EMPLOYEE LIFE AND AD&D
  • Up to 5 x annual earnings
  • $500,000 maximum
  • Evidence of Insurability may be required
SPOUSAL LIFE AND AD&D
  • Only available if Employee Life is elected
  • Up to 50% of employee amount ($250,000 maximum)
  • Evidence of Insurability may be required
CHILD LIFE AND AD&D
  • Only available if Employee Life is elected
  • $10,000 maximum
  • No Evidence of Insurability required
CRITICAL ILLNESS
  • Up to $15,000 or $30,000
  • Covered benefit examples include:
    • Alzheimer’s
    • Cancer
    • Heart attack
    • Kidney failure
    • Stroke
PERSONAL ACCIDENT INSURANCE
  • High/low coverage options
  • Premium varies by coverage tier
  • Covered benefit examples like:
    • Leg fracture
    • Concussion
    • Dislocated ankle  
    • Laceration
    • Ambulance
    $1,000/$2,000
    $200/$500
    $500/$1,000
    $25 and up
    $200/$400
HOSPITAL INDEMNITY
  • $500 or $1,000 benefit if admitted
  • Premium varies by coverage tier
 

For full coverage and rates:

Voluntary Life and Voluntary AD&D Highlight Sheet
Accident Insurance Plan Summary
Critical Illness Insurance Plan Summary
Hospital Indemnity Insurance Plan Summary