Voluntary benefits provide an additional layer of financial protection for you and your family. These benefits will help cover any extra out-of-pocket expenses if you suffer an unexpected, serious illness or qualifying accident. These plans are designed to pay cash directly to you. This additional cash support can be used to help pay any out-of-pocket expenses related to the injury or serious illness. Payments are made tax free, to be used at your discretion.
Accident Insurance
The tables below highlight some of the key benefits covered under this plan and give an example of how this plan would pay out for a broken collarbone.
Some Covered Benefits | Benefit Amount |
|---|---|
| Hospital Admission | $1,500 |
| Daily Hospital Confinement (up to 365 days) | $300 |
| Daily ICU Confinement (up to 15 days) | $600 |
| Burns | Up to $15,000 |
| Ambulance | $1,500 |
Example: Broken Collarbone | Benefit Amount |
|---|---|
| Ambulance | $200 |
| ER Visit | $150 |
| X-Ray | $50 |
| Broken Collarbone | $300 |
| Physician Follow-Up (per visit) | $75 |
Critical Illness Insurance
Critical Illness Benefit:
- $50 per insured associate or covered spouse per year for completing routine wellness screenings.
- The child(ren)’s wellness benefit is $50 per child, up to a $100 maximum for all covered children.
An example is shared below for your understanding:
Donna’s life is turned upside down when she suffered a heart attack which was followed by a stroke only a month later. Not only did she miss work, but so did her husband to help her during her recovery. Their income took a hit and bills piled up. Donna had enrolled in Mutual of Omaha’s Critical Illness plan with a $30,000 benefit amount per diagnosis. She received a total benefit payment of $60,000 in her family’s greatest time of need.
Example Amount Paid to Donna |
|
|---|---|
| Heart Attack | $30,000 |
| Stroke | $30,000 |
| Total Direct Benefit Payment to Donna | $60,000 |