Page 19 - Vidant Health | Residents 2021 Benefits 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 residents—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 residents—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
Team Member May purchase coverage in increments of
Optional Life your base salary Child Life Coverage amount of $10,000 per eligible
and AD&D Maximum coverage—up to 4 times your child
annual base salary (maximum $500,000) Residents receive employer-paid beneit
upon enrollment
Request to add coverage subject to
completion and approval of evidence Term life insurance policy
of insurability form if election not made Eligible until the child’s 26th birthday
when irst eligible for coverage Residents receive employer-paid beneit
Term life insurance policy upon enrollment
At age 70, there are life insurance Children can only be covered by one
amount reductions parent
For AD&D beneit, the amount matches The rates for optional insurance depend on the amount of coverage you
your optional life coverage election select and your age. When you enter the enrollment system you will see
Provides coverage in case of an the prices for coverage.
accidental death or dismemberment
Beneits are payable in the event of loss
of life, limb, sight, and speech or hearing
19
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 residents—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 residents—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
Team Member May purchase coverage in increments of
Optional Life your base salary Child Life Coverage amount of $10,000 per eligible
and AD&D Maximum coverage—up to 4 times your child
annual base salary (maximum $500,000) Residents receive employer-paid beneit
upon enrollment
Request to add coverage subject to
completion and approval of evidence Term life insurance policy
of insurability form if election not made Eligible until the child’s 26th birthday
when irst eligible for coverage Residents receive employer-paid beneit
Term life insurance policy upon enrollment
At age 70, there are life insurance Children can only be covered by one
amount reductions parent
For AD&D beneit, the amount matches The rates for optional insurance depend on the amount of coverage you
your optional life coverage election select and your age. When you enter the enrollment system you will see
Provides coverage in case of an the prices for coverage.
accidental death or dismemberment
Beneits are payable in the event of loss
of life, limb, sight, and speech or hearing
19
