Transcript Voluntary Benefits - Healthy Decisions

Voluntary Benefits
Rounding out your
benefit package!
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What are voluntary
benefits?
Voluntary benefits have these
characteristics:
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You can pay through payroll deduction
Some Pre-tax and some After-tax deductions
Group discounts
Convertible to personal policies
Helps you insure against some hidden pitfalls
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What are the voluntary benefits?
Available are:
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Three different home & auto plans
Vision insurance
Short Term Disability (STD) insurance
529 Next Gen College savings plan
Long Term Care Insurance
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Home & Auto companies
You have three Home & Auto companies to
choose from. Many experts suggest going “out
for bid” every 5 years or so. Also, these
companies might have additional lines of
coverage to consider such as
 Umbrella policy
 Renter’s insurance
 Snowmobile coverage
 Personal liability, etc.
4
Home & Auto companies
MetLife
1-800-GET-MET8, 1-800-438-6388
Liberty Mutual
Ron Morin, [email protected]
1-800-586-9035 x50002
Northeast Bank
Betsy Sibley, [email protected]
1-207-786-0417 x3442
Vision Insurance
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Available through Human Resources
Uses the www.vsp.com network, toll free
number of 1-800-877-7195
Pre-tax contributions
Benefits include:
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$20 co-pay for annual eye exam
$150 allowance for lenses and frames in-network
with a $10 co-pay OR $150 allowance for contact
lenses with no co-pay (every 24 months)
Short Term Disability (STD)
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Available through Human Resources
Claims processed by The Hartford
Pre-existing conditions excluded during first 12
months of coverage
Two week waiting period
Maternity is treated as an illness
CT and ESB may be used to supplement STD
income (can’t exceed 100% of your normal pay)
Covers up to 70% of your income up to
$3000/week
529 College Savings Plan
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Part of Maine’s NextGen College savings
Invest after-tax money to build accounts to
pay for educational expenses
You can designate yourself, child or
grandchild as “owner” of the funds
For more information, contact
Art Chamberlain
(207) 514-7003
[email protected]
Long Term Care Insurance
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Purchase LTC Insurance with group rates
More information may be obtained from
Todd Grove, LTCP, CLTC
LTC Financial Planners
72 Pine Street
Portland, ME 04102
(207) 772-5793
www.ToddGrove.com
[email protected]