Transcript Template - PowerPoint - Colonial Life (standard size)

City of Durham
2014 open enrollment
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Table of contents
2014 open enrollment
1. Colonial Life voluntary benefits
2. Youville website
3. Colonial Life benefit counselors
4. Incentives during 2014 open enrollment
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Colonial Life voluntary benefits
Why consider voluntary benefits for you and your family?
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Allows the opportunity for additional coverage to help with
payment of deductibles and out-of-pocket expenses related to
an accident, illness or disease
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Helps provide financial protection and peace of mind
Supplements the City of Durham’s overall benefits program
Competitive premiums
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Colonial Life voluntary benefits
Advantages
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Benefits paid directly to you; not the medical provider
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Many policy options to meet your individual and family needs
Convenience of payroll deduction on a pretax basis for most plans
Ability to insure your spouse and children
Coverage is portable; you can keep your coverage at the same
level and rates, even if you change jobs or retire
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Colonial Life voluntary benefits
Available options
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Accident insurance – Guaranteed issue (no health questions) for the base
accident plan and the accident only disability riders
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Cancer insurance
Critical illness insurance
Universal life insurance
Term life insurance
Whole life insurance – Provides guaranteed issue coverage; $22 per week to
$100,000 maximum face amount.
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Hospital confinement indemnity insurance
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Accident insurance – guaranteed issue available
Accidents happen more often than you think.
Statistics show that accidents
happen where you and your family
spend the most time:
Accident insurance from
Colonial Life can help prepare
you for the unexpected.
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A work-related injury occurs every
six seconds in the United States.
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Most injuries occurred in or around
the home (52.6%) in 2009, followed
by injuries at recreational and sport
facilities (12.4%) and injuries on
streets, highways, sidewalks and
parking lots (11.1%).
You are paid benefits to help you
with the care and treatment of a
covered accidental injury.
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Your benefits are paid directly to
you, unless you specify otherwise.
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You are paid benefits regardless of
any other insurance you may have.
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If your plan qualifies, you can take it
with you if you change jobs or retire.
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Injury Facts, National Safety Council, 2012 edition
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Accident insurance
Benefit details
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Guaranteed issue (no health questions) for the base accident plan
and the accident only disability riders
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Pays specific dollar amount benefit based on type of service
Six plan choices with varying benefits and three optional riders
Provides accidental and catastrophic benefit
Benefits are paid directly to you
Benefits are paid in addition to other insurance you may have
Benefits are level for you, your spouse and your children except for
accidental death and catastrophic accident benefits
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Cancer insurance
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Cancer insurance
Benefit details
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Two levels of coverage available (benefits vary by level chosen)
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Benefits are paid directly to you
Wellness benefit provided
Three optional riders available: specified disease, initial diagnosis and
progressive payment
Benefits are paid in addition to other insurance you may have
Coverage is portable
Spouse stand-alone plan coverage available
Same premium, regardless of risk class or age, for all eligible
employees (not age banded)
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Critical illness insurance
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Critical illness insurance
Benefit details
Individual critical illness plan with subsequent diagnosis
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You can use the coverage more than once.
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Benefits range from $5,000 - $100,000 for employee.
Coverage includes age banded and tobacco/non-tobacco rates.
Benefits are paid in addition to other insurance you may have.
Coverage is portable.
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Life insurance
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Life insurance
Product and benefit details
Three life products are available:
Term life
Whole life – guaranteed issue available
Universal life
*All life products are portable.
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Hospital confinement
indemnity insurance
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Hospital confinement indemnity insurance
Benefit details
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Offers two levels of hospital confinement benefit from which to choose
($500 and $1,000) with outpatient surgery benefit
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Wellness benefit included
Rehabilitation benefit
Waiver of premium benefit included
Benefits are paid in addition to other insurance employees may have
Coverage is portable
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Visit Youville – educational website on Colonial Life products
2014 open enrollment
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VisitYouville.com/CityofDurham
Benefits overview
Resources for Colonial Life and core benefits
Instructions on how to access Workterra
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Colonial Life benefit counselors
2014 open enrollment
Meet with your Colonial Life benefits counselor during
the open enrollment period to:
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Enroll in new Colonial Life benefits and/or make
changes to existing coverage.
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Ask questions about your core and Colonial Life
benefits that are available to you and your family.
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Get assistance on how to enroll in core products
through Workterra.
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WellCard Savings Discount Program
2014 open enrollment
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Meet with a Colonial Life benefits counselor during open enrollment to
receive a complimentary WellCard savings discount card.
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No purchase necessary to receive.
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The WellCard is not insurance and is not intended to replace insurance.
Present the WellCard at any participating doctor or pharmacy, and start
saving money.
Your spouse and children can use this card.
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Meet with a benefits counselor during enrollment
2014 open enrollment
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$
Gas
Card
When you meet with a
benefits counselor,
you will be entered
to win a $25 gas card
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City of Durham
Thank You
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Confidential, unpublished property of Colonial Life. Do not duplicate or distribute.
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