Page 7 - Mi Health and Hospital 2021 Renewal Booklet.2
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Michigan Health & Hospital Association: Ancillary Analysis
Effective January 2021
Benefits 2020 UNUM 2021 UNUM
Group Term Life/ AD & D
Amount: 2 X Annual earnings, max $300,000
142 Lives, Volume: $22,462,000 .160/.020 .168/.020
Monthly Premium: $4,043.16 $4,222.86
Long Term Disability
Class 1-all other employees: 90 day Elimination Period,
70% of monthly earnings to a maximum benefit of $11,000 per month.
Group 2 (Management Council): 90 day Elimination Period,
60% of monthly earnings to a maximum benefit of $6,000 per month
142 Lives, Volume: $976,466 $0.54 $0.567
Monthly Premium $5,272.95 $5,536.56
Individual Disability Insurance (IDI)
Group 2 (Management Council): 90 day Elimination Period,
70% of monthly insurable income less LTD,to Guarantee Standard
Issue (GSI). GSI monthly maxium $12,500
20 Lives $2,532.58 $2,532.58
Total Estimated Monthly Premium for Life/AD&D, LTD, IDI $11,848.69 $12,292.00
Total Estimated Annual Premium $142,184.28 $147,504.00
Total Estimated Annual $ Change $5,320
Long Term Care
LTC Facility Monthly Benefit-$1,000
Benefit Duration- 3 Years
131 Lives
Monthly Premium: $840.60 Inflation Rate Increase, TBD
Rate guarantee until January 1, 2022
