Providence Engineering - 2023 Benefits Guide
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VOLUNTARY CRITICAL ILLNESS INSURANCE<br />
CARRIER: Sun Life<br />
Critical Illness Insurance supplements your existing medical<br />
insurance in case you are diagnosed with a covered condition,<br />
like a heart attack or stroke; medical insurance alone may not<br />
be enough to cover your expenses. The plan pays a cash benefit<br />
during the term of your coverage following a covered diagnosis.<br />
Critical illness insurance may not cover all types of cancer, but it does cover heart and vascular<br />
conditions, cancer-related conditions, and major organ failure.<br />
● Employee Benefit Amount: $5,000 - $30,000 of coverage, in increments of $5,000.<br />
● Employee Benefit Reduction Schedule: 50% at age 70.<br />
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Spouse Benefit Amount: If you elect coverage for yourself, you can choose $2,500 - $15,000 of coverage,<br />
in increments of $2,500. NOT TO EXCEED 50% OF THE EMPLOYEE COVERAGE AMOUNT.<br />
Spouse Benefit Reduction Schedule: Benefit may be reduced when the employee benefit amount is<br />
reduced.<br />
Child(ren) Benefit Amount: If you elect coverage for yourself, you can choose $2,500 - $5,000 of<br />
coverage. NOT TO EXCEED 50% OF THE EMPLOYEE COVERAGE AMOUNT. Available to Dependent<br />
Child(ren) from birth to age 26.<br />
Child(ren) Benefit Reduction Schedule: Benefit may be reduced when the employee benefit amount is<br />
reduced.<br />
COVERED CONDITIONS - The plan pays 100% of the benefit amount unless stated otherwise.<br />
*Please refer to the official carrier plan summary for all details, limitations, and exclusions.<br />
Core Conditions:<br />
Heart Attack, End-Stage Kidney Disease, Occupational HIV/Hepatitis B, C, or D, Major Organ Failure, Stroke, Coronary<br />
Artery Bypass Graft, Angioplasty.<br />
Other Conditions:<br />
Complete Blindness, Complete Loss of Hearing, Loss of Speech, Benign Brain Tumor, Coma, Severe Burns, Advanced<br />
ALS/Lou Gehrig’s Disease, Advanced Parkinson’s Disease (Pays 25%), Advanced Alzheimer’s Disease (Pays 25%),<br />
Paralysi.<br />
Wellness Screening Benefit:<br />
Payable to any covered person on your plan one time each year, once you provide proof of an eligible health<br />
screening.<br />
Employee: $50<br />
Spouse: $50<br />
Child: $50<br />
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