Providence Engineering - 2023 Benefits Guide

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