Page 31 - Product Summary of Colonial Life_Neat

Group Accident Insurance
Flexible plan designs
Easy enrollment
Strong guarantees
Competitive features
Comprehensive
family coverage
Group accident insurance provides
budget-friendly protection.
Today’s medical plans, with their rising deductibles and co-pays, can leave workers
exposed to many of the costs of an accidental injury. Accident insurance helps a
benefits package go the distance, by providing employees money they can use to
help cover out-of-pocket costs resulting from a covered accident.
„ You can customize the plans you offer your employees:
– On/off-job or off-job only plan
– Four levels of base plan benefits: Economy, Basic, Preferred and Premier
„ You may also choose from two employer- optional base benefits:
– Health screening with three benefit choices
– Hospital confinement due to a covered sickness
„ Situs state applies, meaning benefit options and rates for multi-state companies
are based on the state where the master application is signed.
„ Composite premiums for the same plans for all employees, regardless of location
or job level.
„ Census enroll available
„ Guaranteed issue — for businesses with at least 10 enrolled employees.
„ Base plan is optionally renewable with a two-year rate guarantee.
„ Fixed, level benefit amounts that are the same for employee, spouse or child
(except for accidental death and catastrophic accident benefits)
„ Portability option available.
„ Compatible with health savings accounts
„ Not subject to Affordable Care Act market reforms
„ Employees can purchase one of four coverage options for themselves,
employee/spouse, employee/children or employee/spouse/children
„ All dependent children under age 26 are eligible.
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