Page 14 - Acadia 2024 Benefits Guide | Erlanger
P. 14
Your Path to 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 is 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). During open enrollment, you may Spouse $50,000
elect up to the guaranteed issue amount for voluntary life Children—Birth to 26 $10,000
without completing evidence of insurability. When electing
the Supplemental Life, you are automatically enrolled in * Spouse rate is based on spouse’s age. Spouse coverage
the Supplemental AD&D Insurance for the same beneit terminates at age 70.
amount. This will pay in addition to Supplemental Life if Note: Please reference the rates on page 29 of this
the cause of death is an accident or beneits will be paid for enrollment guide for your supplemental life rates.
dismemberment. Please note, spouse coverage terminates at
age 70.
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 UKG.
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 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.
14 | Erlanger Behavioral 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 is 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). During open enrollment, you may Spouse $50,000
elect up to the guaranteed issue amount for voluntary life Children—Birth to 26 $10,000
without completing evidence of insurability. When electing
the Supplemental Life, you are automatically enrolled in * Spouse rate is based on spouse’s age. Spouse coverage
the Supplemental AD&D Insurance for the same beneit terminates at age 70.
amount. This will pay in addition to Supplemental Life if Note: Please reference the rates on page 29 of this
the cause of death is an accident or beneits will be paid for enrollment guide for your supplemental life rates.
dismemberment. Please note, spouse coverage terminates at
age 70.
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 UKG.
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 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.
14 | Erlanger Behavioral Health
