Page 13 - Acadia 2022 Benefits Guide | DBI
P. 13
Discover My Acadia Health
Life and Accidental Death and Dismemberment
(AD&D) Insurance Plans
Basic Life and AD&D
Acadia provides Basic Life/AD&D coverage at no cost to you. SUPPLEMENTAL LIFE SCHEDULE AMOUNT
The employee life insurance beneit is 1½ times annual salary AND AD&D
rounded to the next higher $1,000 to a maximum of $50,000. Increments of $10,000 10× salary or
The AD&D beneit pays a lump sum if you lose a limb or die in Employee $500,000 max
an accident. The maximum AD&D beneit will be equivalent to
your basic life beneit. Increments of $5,000
Spouse*
50% of employee approved amount
Supplemental Life and AD&D Coverage
In addition to the company paid insurance, Acadia provides Children—Birth to 26 $10,000
you an opportunity to purchase Supplemental Life Insurance GUARANTEE ISSUE AMOUNT
for yourself, spouse and children through payroll deductions. Employee $400,000
Employees must enroll in order to elect coverage for their
spouse or child(ren). If you do not enroll in the Supplemental Spouse $50,000
Life when you are irst eligible, evidence of insurability may be Children—Birth to 26 $10,000
required on any amount if you decide to enroll during future
open enrollments. If you are newly electing or increasing * Spouse rate is based on spouse’s age. Spouse coverage
Employee and/or Spouse Supplemental Life, you must select terminates at age 70.
the Evidence of Insurability link within your enrollment session. Note: Please reference the rates on page 29 of this
When electing the Supplemental Life, you are automatically enrollment guide for your supplemental life rates.
enrolled in the Supplemental AD&D Insurance for the same
beneit amount. This will pay in addition to Supplemental Life
if the cause of death is an accident or beneits will be paid for
dismemberment.
Life Insurance Guarantee Issue
Guarantee Issue is the amount of life insurance you can elect
without answering any medical questions. Guarantee Issue is
only available when you are newly beneit eligible.
If insurance is applied for beyond the initial enrollment period,
medical evidence of insurability will always be required. For
more information, please see “My Company Page” in UltiPro.
Your Beneficiary
It is important to name a beneiciary for your Life and AD&D
insurance. If there is not a beneiciary designated, your family
could encounter delays and probate before receiving your
beneits and this can be very time consuming and costly. It is
also important to keep your beneiciary designation up-to-date.
If you elect Supplemental Life Insurance for your spouse or
child(ren), you will automatically be the beneiciary.
2022 Employee Beneits Guide | 13
Life and Accidental Death and Dismemberment
(AD&D) Insurance Plans
Basic Life and AD&D
Acadia provides Basic Life/AD&D coverage at no cost to you. SUPPLEMENTAL LIFE SCHEDULE AMOUNT
The employee life insurance beneit is 1½ times annual salary AND AD&D
rounded to the next higher $1,000 to a maximum of $50,000. Increments of $10,000 10× salary or
The AD&D beneit pays a lump sum if you lose a limb or die in Employee $500,000 max
an accident. The maximum AD&D beneit will be equivalent to
your basic life beneit. Increments of $5,000
Spouse*
50% of employee approved amount
Supplemental Life and AD&D Coverage
In addition to the company paid insurance, Acadia provides Children—Birth to 26 $10,000
you an opportunity to purchase Supplemental Life Insurance GUARANTEE ISSUE AMOUNT
for yourself, spouse and children through payroll deductions. Employee $400,000
Employees must enroll in order to elect coverage for their
spouse or child(ren). If you do not enroll in the Supplemental Spouse $50,000
Life when you are irst eligible, evidence of insurability may be Children—Birth to 26 $10,000
required on any amount if you decide to enroll during future
open enrollments. If you are newly electing or increasing * Spouse rate is based on spouse’s age. Spouse coverage
Employee and/or Spouse Supplemental Life, you must select terminates at age 70.
the Evidence of Insurability link within your enrollment session. Note: Please reference the rates on page 29 of this
When electing the Supplemental Life, you are automatically enrollment guide for your supplemental life rates.
enrolled in the Supplemental AD&D Insurance for the same
beneit amount. This will pay in addition to Supplemental Life
if the cause of death is an accident or beneits will be paid for
dismemberment.
Life Insurance Guarantee Issue
Guarantee Issue is the amount of life insurance you can elect
without answering any medical questions. Guarantee Issue is
only available when you are newly beneit eligible.
If insurance is applied for beyond the initial enrollment period,
medical evidence of insurability will always be required. For
more information, please see “My Company Page” in UltiPro.
Your Beneficiary
It is important to name a beneiciary for your Life and AD&D
insurance. If there is not a beneiciary designated, your family
could encounter delays and probate before receiving your
beneits and this can be very time consuming and costly. It is
also important to keep your beneiciary designation up-to-date.
If you elect Supplemental Life Insurance for your spouse or
child(ren), you will automatically be the beneiciary.
2022 Employee Beneits Guide | 13
