Unum Voluntary Benefits Overview
Voluntary Benefits offered by Unum provide unique financial protection by paying cash benefits directly to individuals for various medical expenses, regardless of existing insurance coverage. Employees have quick access to claims processing and can use the benefits for a wide range of expenses while recovering from illness or injury. Unum offers three types of Voluntary Benefits – Accident, Critical Illness, and Hospital plans, each tailored to provide specific coverage and benefits.
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Unum Voluntary Benefits Overview
Voluntary Benefits are unique compared to other types of insurance: Voluntary Benefits are different from other forms of insurance. Unum pays CASH benefits directly to YOU. Voluntary Benefits are an extra measure of financial protection. Benefits from Unum plans are typically used to reduce or eliminate out-of-pocket medical debt resulting from an injury or illness which includes: Deductible Co-Insurance Co-pays for ER, Urgent Care and Physicians Even if you don t have health insurance through your employer, you can still participate in these plans. This is also true for your spouse and dependents. No Networks. You have the convenience of payroll deduction at group discounted rates.
Why are Voluntary Benefits so Popular with Employees? Claims are processed quickly usually within 5-7 business days once supporting paperwork is submitted. File claims using our Mobile App, Website or over the phone with a Claims Specialist. Voluntary Benefits are predetermined & pay regardless of any other insurance you have. While most people use their money from Unum to reduce or eliminate out-of-pocket medical debt, you get the use the money for whatever you want including rent, car payment, groceries and other expenses while you are sick or hurt and recovering. Employees have access to three different Voluntary Benefits from Unum: Accident Critical Illness Hospital Let's review each one of those plans and their rates ..
Unums Group Accident Plan Pays Money for Injuries 24 hours a day, On & Off the Job 2 plan options to choose from a High and a Low plan Each plan has the same number and type of benefits. 33 Benefit Categories 95 Benefits available to file a claim on. The only difference between the two is the benefit amount and the cost of the plan. ER, Urgent Care, or Doctor due to an injury. High Plan: $200 ER, $100 Urgent Care/Physicians office Low Plan: $100 ER, $50 Urgent Care/Physicians office Follow-up Visits: Cast off, stiches outs, MRI results, post-op visit after surgery, etc. High Plan: $100 per visit, 2 visits per injury. Low Plan: $50 per visit, 2 visits per injury. Physical Therapy: Including Chiropractic, speech and physical therapy. High Plan: $50 per visit, 15 visits per injury. Low Plan: $25 per visit, 15 visits per injury. Hospitalization Benefit pays cash each day for hospital stays: High plan: $2,200 the first night and $200 every additional night. Low plan: $1,100 the first night and $100 every additional night.
Group Accident Plan Continued Ambulance Benefit: High plan: $500 ground or $1,000 air transport. Low Plan: $400 ground or $800 air transport. Appliances Coverage: Arm Sling, cane, crutches, back brace, etc. High plan: $65 - $250 Low plan: $35 - $150 Additional benefits for specific injuries: broken bones, cuts, dislocations, surgeries, concussions, coma, tooth or eye injuries, burns, torn ligaments, etc. Example of an Accident Claim High Plan Person breaks their Ankle and goes to the doctor: $100: Urgent Care Visit $150: X-ray benefit $800: Ankle Fracture Benefit $100: Follow-Up Cast On $100: Follow-Up Cast Off $125: Appliance benefit - Crutches $1,375.00 Total Benefit
Group Accident rates per pay period Rates High Plan: Employee: Employee/Spouse: Employee/Child: Family: 24 Pay Period $6.48 $11.36 $17.04 $21.92 18 Pay Periods $8.64 $15.15 $22.71 $29.22 Low Plan: Employee: Employee/Spouse: Employee/Child: Family: $2.80 $4.90 $7.08 $9.18 $3.73 $6.53 $9.43 $12.24
Unums Group Critical Illness Plan - Overview Catastrophic injury/illness plan that pays a large, LUMP SUM Benefit Guaranteed Issue coverage of either $10,000 or $20,000 for Employee Spouse is eligible for 50% of employee amount Child(ren) are covered at 50% of employee amount at no cost. Underwriting Highlights: No Coverage Reduction at any age Reoccurrence Benefit of 100% after 6 months No Pre-existing Conditions Limitation See plan documents for more details. New and Existing Employee Waiting Period 0 Days Portability is included.
Unums Group Critical Illness Plan - Benefits Critical Illnesses: Coronary Artery Disease (Major) 50% Coronary Artery Disease (Minor) 10% End Stage Renal (Kidney) Failure 100% Heart Attack (Myocardial Infarction 100% Major Organ Failure Requiring Transplant 100% Stroke 100% Cancer: Invasive Cancer (including all Breast Cancer) 100% Non-Invasive Cancer 25% Skin Cancer - $500 Supplemental Critical Illnesses: Benign Brain Tumor 100% Coma 100% Loss of Hearing, Sight and Speech 100% Infectious Disease 25% 14 consecutive days required in Hospital Occupational Human Immunodeficiency Virus (HIV) or Hepatitis 100% Permanent Paralysis 100% Progressive Diseases: Amyotrophic Lateral Sclerosis (ALS) 100% Dementia (including Alzheimer s Disease) 100% Functional Loss 100% Multiple Sclerosis 100% Parkinson s Disease 100%
Unums Group Critical Illness Plan Benefits -Continued Additional Critical Illnesses for your Children Cerebral Palsy 100% Cleft Lip or Palate 100% Cystic Fibrosis 100% Down Syndrome 100% Spina Bifida 100% Be-Well Benefit: $50 paid per insured, per calendar year for Annual Health Screenings that include: Cholesterol and Diabetes screenings Cancer screenings Cardiovascular Function screenings Imaging Studies Annual Examinations by a Physician Immunizations
Unums Group Critical Illness Plan Rates 24 Pay Periods Monthly Critical Illness Costs - $10,000 Employee and $5,000 Spouse, $50 Be Well Benefit Employee + Children Cost Spouse Cost Age <25 $1.35 $1.03 25 - 29 $1.65 $1.18 30 - 34 $2.05 $1.38 35 - 39 $2.60 $1.65 40 - 44 $3.50 $2.10 45 - 49 $4.70 $2.70 50 - 54 $6.35 $3.53 55 - 59 $8.70 $4.70 60 - 64 $12.35 $6.53 65 - 69 $17.95 $9.33 70 - 74 $27.30 $14.00 75 - 79 $39.10 $19.90 80 - 84 $55.40 $28.05 85+ $88.05 $44.38
Unums Group Critical Illness Plan Rates 18 Pay Periods Monthly Critical Illness Costs - $10,000 Employee and $5,000 Spouse, $50 Be Well Benefit Employee + Children Cost Spouse Cost Age <25 $1.80 $1.37 25 - 29 $2.20 $1.57 30 - 34 $2.73 $1.83 35 - 39 $3.47 $2.20 40 - 44 $4.67 $2.80 45 - 49 $6.27 $3.60 50 - 54 $8.47 $4.70 55 - 59 $11.60 $6.27 60 - 64 $16.47 $8.70 65 - 69 $23.93 $12.43 70 - 74 $36.40 $18.67 75 - 79 $52.13 $26.53 80 - 84 $73.87 $37.40 85+ $117.40 $59.17
Unums Group Hospital Plan Pays Money for Injuries or Illnesses Underwriting Highlights: Guaranteed Issue Coverage for Employee, spouse and child(ren) No Pre-existing Conditions Limitation See plan documents for more details. New and Existing Employee Waiting Period 0 Days Childbirth Benefits are included with No Limitations Hospital Benefits Overview: 2 plan options to choose from a High and a Low plan Each plan has the same number and type of benefits. Hospital Admission Benefit (1 day per year) High Plan: $2000 Low Plan: $1,000 Daily Stay Per day up to 365 days High Plan: $200 Low Plan: $100
Unums Group Hospital Plan Benefit Continued Daily Stay ICU Per day up to 30 days. High Plan: $400 Low Plan: $200 M&N or Sub. Abuse Treatment High Plan: $250 Low Plan: $250 Rates High Plan: Employee: Employee/Spouse: Employee/Child: Family: 24 Pay Period $20.36 $39.47 $27.20 $46.31 18 Pay Periods $27.14 $52.62 $36.27 $61.75 Low Plan: Employee: Employee/Spouse: Employee/Child: Family: $8.39 $16.27 $11.24 $19.12 $11.19 $21.69 $14.98 $25.49
Points to Remember Unum Voluntary Benefits available to you: Accident Critical Illness Hospital You can enroll in 1, 2 or all 3 plans or waive coverage for all plans. You have the convenience of payroll deducted premiums at discounted rates. Policy is designed to reduce or eliminate your out-of-pocket health insurance debt or related expenses when you suffer an injury or illness.
