Specified Disease insurance is designed to help employees offset the financial effects of a catastrophic illness with a lump sum benefit if an insured is diagnosed with a covered specified disease. The Specified Disease benefit is based on the amount of coverage in effect on the date of diagnosis of a specified disease or the date treatment is received according to the terms and provisions of the policy.
Carrier: Unum Group
Eligibility: All full-time employees (>30 hours)
Benefit: $10,000 (Employee), $5,000 (Spouse), Plus $75 Wellness
|BASE COVERED CONDITIONS||SPECIFIED DISEASE||PERCENTAGE OF BENEFIT AMOUNT||MAXIMUM PERCENTAGE OF BENEFIT AMOUNT FOR CATEGORY|
|Category 1||Coronary Artery Bypass Surgery1||25%||100%|
|Category 1||Heart Attack||100%||100%|
|Category 2||Benign Brain Tumor||100%||100%|
|Category 2||End Stage Renal (Kidney) Failure||100%||100%|
|Category 2||Major Organ Failure3||100%||100%|
|Category 3||Occupational HIV5||100%||100%|
|Category 3||Permanent Paralysis6||100%||100%|
|Cancer Conditions||Carcinoma in Situ7||25%||100%|
1 Payout of the coronary artery bypass surgery benefit reduces the remaining payout for the category 1. 2 Evidence of persistent neurological deficits confirmed by a neurologist at least 30 days after the event. 3 Diagnosis of major organ failure of the heart, lungs, liver or pancreas resulting in the insured being placed on the United Network for Organ Sharing list for a transplant. 4 Coma resulting from severe traumatic brain injury lasting for a period of 14 or more consecutive days. 5 Diagnosis of the human immunodeficiency virus resulting from a covered accident which exposed the insured to HIV- contaminated body fluids. 6 Complete and permanent loss of the use of two or more limbs for continuous 90 days as a result of a covered accident. 7 Payout of the carcinoma in situ benefit reduces the remaining payout for the diagnosis of cancer.
See SPD, SBC, brochures, flyers and/or policy contract for full detail. Final rates can fluctuate a few cents on your paycheck. The benefit highlights and summaries are not an official outline of coverage.