Page 19 - Vidant Health | Providers 2021 Benefit Guide
P. 19
Vidant Health Benefits Guide




Income Protection



Life and Accidental Death and Dismemberment (AD&D) Insurance

Life and AD&D coverage can help you prepare for the unexpected. The chart below provides a summary of the
coverage.


Plan Beneit Amounts Plan Beneit Amounts
Team Member „ No cost, just elect your beneiciaries for Spouse Life „ Coverage amount of $50,000 for spouse/
Basic Life and this beneit domestic partner
AD&D „ Full-time providers—coverage equal to „ Request to add coverage subject to
one times annual base earnings rounded completion and approval of evidence
to the next higher $1,000 (maximum of insurability form if election not made
$150,000) when irst eligible for coverage
„ Part-time providers—coverage equal to „ Term life insurance policy
$10,000 „ At age 70, there are life insurance
„ Term life insurance policy amount reductions
„ At age 70, there are life insurance „ If you and your spouse/domestic partner
amount reductions are Vidant team members, you are
„ Provides coverage in case of an ineligible to cover your spouse/domestic
accidental death or dismemberment partner

„ Beneits are payable in the event of loss „ Beneit is employer-paid for managers;
of life, limb, sight, speech, or hearing if enrolling as a manager, evidence of
insurability may be required
„ Full-time team members with 10+ years
of service will receive an additional Child Life „ Coverage amount of $10,000 per eligible
$25,000 in coverage. child
Team Member „ May purchase coverage in increments of „ Providers receive employer-paid beneit
Optional Life your base salary upon enrollment
and AD&D „ Maximum coverage—up to 4 times your „ Term life insurance policy
annual base salary (maximum $500,000) „ Eligible until the child’s 26th birthday
„ Request to add coverage subject to „ Providers receive employer-paid beneit
completion and approval of evidence upon enrollment
of insurability form if election not made „ Children can only be covered by one
when irst eligible for coverage parent
„ Term life insurance policy
„ At age 70, there are life insurance The rates for optional insurance depend on the amount of coverage you
select and your age. When you enter the enrollment system you will see
amount reductions the prices for coverage.
„ For AD&D beneit, the amount matches
your optional life coverage election
„ Provides coverage in case of an
accidental death or dismemberment
„ Beneits are payable in the event of loss
of life, limb, sight, and speech or hearing











19
   14   15   16   17   18   19   20   21   22   23   24