Voluntary Insurance Benefits
Offered by Voya Financial
Unlike our group health plans, these plans are totally owned and controlled by you. You may enroll in these plans during initial enrollment. Because you own your policies, your coverage is portable, meaning you can take your policy with you if you leave the company or retire. Premiums are paid through convenient pay deduction, eliminating the need to worry about writing checks and mailing payments each month.
The following products are available during your enrollment: Voluntary Accident Insurance and Voluntary Critical Illness Insurance.
Voluntary Accident Insurance
After an accident, you may have expenses you’ve never thought about. Can your finances handle them? It’s reassuring to know that an accident insurance plan can be there for you through the many stages of care, from the initial emergency treatment or hospitalization, to follow-up treatments or physical therapy. Accident Insurance from Voya Financial helps with out-of-pocket costs that arise when you have a covered accident such as a fracture, dislocation, or laceration.
Benefits:
- More than 50 events that trigger benefits payments, including Fractures, Dislocations, Ambulance, and Physical Therapy, among others.
- Accidental-Death and Dismemberment (AD&D) Coverage
- Hospital Admission Benefit
- Hospital Confinement Benefit
- Wellness Benefit
- Travel Assistance
- Guaranteed-issue coverage (which means you qualify for coverage without having to answer health questions)
- Portable coverage that allows you to retain coverage at the same rate if your employment status changes (with certain stipulations)
Click here to watch a short video explaining the Accident Insurance through Voya Financial.
The coverage described here is subject to plan limitations, exclusions, definitions, and provisions. For detailed information, please see the plan brochure, as this section is intended to provide a general summary of the coverage. This overview is subject to the terms, conditions, and limitations of the plan.
| ACCIDENT INSURANCE - WEEKLY PREMIUMS |
| Employee |
$2.91 |
| Employee + Spouse |
$4.93 |
| Employee + Children |
$5.44 |
| Family |
$7.46 |
Insurance is underwritten by ReliaStar Life Insurance Company (Minneapolis, MN), a member of the Voya® family of companies.
Voluntary Critical Illness
Insurance
Critical Illness Insurance through Voya Financial pays a lump-sum benefit if you are diagnosed with a covered illness or condition, such as a heart attack or a stroke. With Critical Illness insurance from Voya Financial, you receive cash benefits directly (unless otherwise assigned)—giving you the flexibility to help pay bills related to treatment or to help with everyday living expenses.
Benefits:
- Lump-sum benefit for a covered critical illness such as: heart attack, stroke, major organ transplant, cancer, coronary artery bypass (25% of critical illness benefit), carcinoma in situ (25% of critical illness benefit)
- Guaranteed-issue coverage (which means you qualify for coverage without having to answer health questions)
- Benefit for the same critical illness after the first when the two dates of diagnoses are separated by at least 12 consecutive months
- Wellness benefit
Eligibility:
- You (Employee): all active employees working 30+ hours per week
- May elect Critical Illness Insurance in benefit amounts of $10,000, $20,000 or $30,000
- Your lawful spouse: coverage is only available if employee coverage is elected
- May elect Critical Illness Insurance in benefit amounts of $5,000, $10,000 or $15,000
- Your children (birth to age 26): coverage is only available if employee coverage is elected
- May elect Critical Illness Insurance in benefit amounts of $5,000, $10,000, or $15,000
Click here to watch a short video explaining the Critical Illness Insurance offered by Voya Financial.
The coverage described here is subject to plan limitations, exclusions, definitions, and provisions. For detailed information, please see the plan brochure, as this section is intended to provide a general summary of the coverage. This overview is subject to the terms, conditions, and limitations of the plan.
| EMPLOYEE COVERAGE - WEEKLY RATES |
| Issue Age |
$10,000 |
$20,000 |
$30,000 |
| Under 30 |
$1.22 |
$2.45 |
$3.67 |
| 30-39 |
$1.80 |
$3.60 |
$5.40 |
| 40-49 |
$3.58 |
$7.15 |
$10.73 |
| 50-59 |
$7.32 |
$14.63 |
$21.95 |
| 60-64 |
$11.19 |
$22.38 |
$33.58 |
| 65-69 |
$14.49 |
$28.98 |
$43.48 |
| 70+ |
$20.49 |
$40.98 |
$61.48 |
SPOUSE COVERAGE - WEEKLY RATES
Spouse rate based on spouse age |
| Issue Age |
$5,000 |
$10,000 |
$15,000 |
| Under 30 |
$0.61 |
$1.22 |
$1.83 |
| 30-39 |
$0.90 |
$1.80 |
$2.70 |
| 40-49 |
$1.79 |
$3.58 |
$5.37 |
| 50-59 |
$3.66 |
$7.32 |
$10.97 |
| 60-64 |
$5.60 |
$11.19 |
$16.79 |
| 65-69 |
$7.25 |
$14.49 |
$21.74 |
| 70+ |
$10.25 |
$20.49 |
$30.74 |
| CHILDREN COVERAGE - WEEKLY RATES |
| Coverage Amount |
Rate |
| $5,000 |
$0.33 |
| $10,000 |
$0.67 |
| $15,000 |
$1.00 |
Insurance is underwritten by ReliaStar Life Insurance Company (Minneapolis, MN), a member of the Voya® family of companies.