Page 35 - Skechers 2022 Benefits Guide

DON’T THINK YOU NEED DISABILITY INSURANCE? THINK AGAIN
Unfortunately some people don’t enroll in disability coverage because they don’t understand the value of the coverage. Health coverage can help pay for some of the medical expenses, but who will make the house payment if you are totally disabled and can’t work? The value of disability coverage is that it provides you with a percentage of your paycheck when you can’t work due to illness, injury or pregnancy. Disability payments can help you take care of essentials like housing, utilities, food and child care providers.
*Special Note Regarding ERISA and Voluntary Benefits (Hospital Indemnity, Critical Illness, Accident, and Pet Insurance): Skechers offers these benefits as a convenience and does not endorse any of the Voluntary Benefit Plans. These plans are not subject to ERISA.
VOLUNTARY BENEFITS
Skechers gives you access to a variety of voluntary benefits that can provide additional support and peace of mind when it comes to protecting yourself and your family. The benefits are completely voluntary and you pay the cost through convenient payroll deductions. Plus, they are portable. This means you can take your policy with you if you leave Skechers as long as you pay the premium on a direct bill basis.
RELIANCE STANDARD VOLUNTARY BENEFITS INCLUDE
Hospital Indemnity
• Hospital Indemnity Insurance can complement your health insurance to help you pay for the costs associated with a hospital stay. It can also provide funds for the out-of-pocket expenses your medical plan may not cover, such as coinsurance, co-pays and deductibles.
• $1,000 for a covered hospital admission (once per year)
• $100 per day of your covered hospital stay (up to 15 days)
Accident Insurance
Accident Insurance can pay lump-sum benefits based on the injury you receive and the treatment you need, including emergency-room care and related surgery. The benefit can help offset the out-of-pocket expenses that medical insurance does not pay, including deductibles and co-pays. A wellness option can pay an annual benefit for preventive care.
Critical Illness Insurance
Critical Illness Insurance can help protect your finances from the expense of a serious health problem, such as a stroke or heart attack. Cancer coverage is also available. You choose a lump-sum benefit of $8,000, $15,000 or $30,000 that’s paid directly to you at the first diagnosis of a covered condition. You can use the benefit any way you choose.
RELIANCE STANDARD
Member Services: 800-351-7500 Member Website: reliancestandard.com
2022 BENEFITS 35