Page 21 - 2019 Franke Enrollment Guide
P. 21
Franke
VOLUNTARY BENEFITS
THROUGH CIGNA
Regular expenses, big and small, can add up. Think about your ability to
pay for those expenses if you or your family member were seriously injured
as a result of a covered accident or experienced a covered critical illness
or hospitalization. Cigna’s Accidental Injury, Critical Illness and Hospital
Care insurance can supplement your health plan and provide you and your
family with the coverage and additional financial protection you may need
for expenses associated with an unplanned covered accident, illness, or
hospitalization. These plans pay benefits directly to you. What you do with the
money is all up to you.
Critical Illness
There are a lot of expenses associated with a critical illness and a major
medical plan may not cover them all. Critical Illness coverage helps you focus
on recuperation instead of the distraction of out-of-pocket costs. Similar to
Life Insurance which pays your beneficiary a lump-sum benefit upon death;
a Critical Illness plan pays you a cash benefit upon a diagnosis of a covered
illness. Covered diagnoses include but are not limited to the following:
Cancer Organ failure
Heart attack Stroke
Guaranteed issue—each year during open enrollment, you can elect this
coverage without medical questions
Employee: up to $20,000
Spouse: up to $10,000 (maximum of 50% of employee-elected
amount)
Child(ren): 25% of employee-elected amount
Portable—coverage is portable which means you can take this plan with
you if you no longer work for Franke
Health screening (wellness) benefit—provides a benefit amount of $50 for
a health screening test taken by a covered person; the benefit is limited
to payment of one benefit amount per calendar year for each covered
person; benefit waiting period is 30 days following the effective date of
the health screening benefit rider
Employees must be actively at work to elect this benefit
21
VOLUNTARY BENEFITS
THROUGH CIGNA
Regular expenses, big and small, can add up. Think about your ability to
pay for those expenses if you or your family member were seriously injured
as a result of a covered accident or experienced a covered critical illness
or hospitalization. Cigna’s Accidental Injury, Critical Illness and Hospital
Care insurance can supplement your health plan and provide you and your
family with the coverage and additional financial protection you may need
for expenses associated with an unplanned covered accident, illness, or
hospitalization. These plans pay benefits directly to you. What you do with the
money is all up to you.
Critical Illness
There are a lot of expenses associated with a critical illness and a major
medical plan may not cover them all. Critical Illness coverage helps you focus
on recuperation instead of the distraction of out-of-pocket costs. Similar to
Life Insurance which pays your beneficiary a lump-sum benefit upon death;
a Critical Illness plan pays you a cash benefit upon a diagnosis of a covered
illness. Covered diagnoses include but are not limited to the following:
Cancer Organ failure
Heart attack Stroke
Guaranteed issue—each year during open enrollment, you can elect this
coverage without medical questions
Employee: up to $20,000
Spouse: up to $10,000 (maximum of 50% of employee-elected
amount)
Child(ren): 25% of employee-elected amount
Portable—coverage is portable which means you can take this plan with
you if you no longer work for Franke
Health screening (wellness) benefit—provides a benefit amount of $50 for
a health screening test taken by a covered person; the benefit is limited
to payment of one benefit amount per calendar year for each covered
person; benefit waiting period is 30 days following the effective date of
the health screening benefit rider
Employees must be actively at work to elect this benefit
21
