Are All Life Insurance Policies the Same? What’s the Difference? Life insurance comes in two main types: term and permanent. Term Policies: These are valid for a specified period, such as 20 or 30 years, or based on your employment term. Term policies are typically affordable and provide substantial coverage. If you outlive the term, no benefit is paid. The University … [Read more...] about Benefit Spotlight: Life Insurance
Explore New Hospital Insurance Benefits Hospital insurance coverage, designed to offer additional financial support for hospital stays, complementing your existing medical insurance. This plan helps cover out-of-pocket expenses and extra costs with direct cash payments to you. Benefits Overview Choose from two plan options, both with no pre-existing condition limits, no … [Read more...] about Benefit Spotlight- Hospital Insurance
Open enrollment ends Dec 1. Open enrollment is the annual period during which you can elect/decline/or make changes to your medical, dental, vision, and cafeteria/flexible spending plans for the upcoming calendar year. (Flexible spending elections must be elected annually). Additionally, the open enrollment allowed guaranteed issue elections for term life insurance and for … [Read more...] about Deadline for wellness discount and benefit changes is December 1
Critical illness is a supplemental policy that helps some of the financial burden if you or a covered dependent is diagnosed with a covered illness. Critical illness insurance pays a lump sum benefit directly to you. How it works: Select a Benefit premium amount to meet your needs. If you are diagnosed with a covered Critical illness, file a claim a receive a lump sum … [Read more...] about Benefit Spotlight: Critical Illness Insurance
Accident insurance is a supplemental policy that helps you pay for those incidents that you can’t plan for. Accident insurance pays a lump sum benefit directly to you for services incurred related to a covered accident. How it works: Select a plan option with premium amount to meet your needs. If you have an accident and receive medical attention, file a claim to … [Read more...] about Benefit Spotlight: Accident Insurance