Short-Term Disability Buy-Up, Universal Life Plans, Voluntary Short-Term Disability, Supplemental Life and Accidental Death & Dismemberment Coverage can help in times where there are emotional, physical, and financial strains on you or your loved ones.

 

Short-Term Disability Buy-Up*

Teammates have the opportunity to shorten the waiting period for Short-Term Disability benefits to begin.

Carrier: The Hartford | Claims are filed directly with The Hartford

Eligibility: Teammates with 30 or more standard hours per week

Enrollment: Teammates may enroll when newly eligible, during the annual Open Enrollment period or due to a qualifying life event

Cancellation: Teammates can cancel during Open Enrollment or due to a qualifying life event

Policy Highlights:

  • Provides a reduction of the normal waiting period from 14 to 7 days
  • Coverage is 60% of base salary during the  buy-up week
  • Teammates who enroll in the Buy-Up option when  they are newly eligible will not have to complete  Evidence of Insurability
  • Premiums are calculated on base salary

*Not available for monthly-paid teammates


Universal Life Insurance

Provides individual life insurance policies that grant a lump sum payment to your beneficiaries upon your death or may help close the financial gap for you and your family due to a chronic or terminal illness.

Carrier: Transamerica | View printable summary

Eligibility: Teammates with 16 or more standard hours per week

Enrollment: Teammates may enroll when newly eligible or during the annual Open Enrollment period

Cancellation: Teammates may cancel their policy at any time   

Policy Highlights:

  • Accumulates cash value
  • Guaranteed tax-deferred interest rate of 3% 
  • Withdrawal or loan options
  • You may insure your eligible spouse and children
  • Coverage is portable, you can take the benefit  with you if your eligibility or employment ends

Supplemental Life and Accidental Death and Dismemberment

Provides additional benefit to you or your loved ones in the event of death or accidental death and dismemberment.

Carrier: The Hartford. Claims are filed directly with The Hartford | View Summary Plan Document

Eligibility: Teammates with 16 or more standard hours per week

Enrollment: Teammates may enroll when newly eligible, during the annual Open Enrollment period, or due to an applicable qualifying life event

Cancellation: Teammates can cancel during the annual Open Enrollment period or due to an applicable qualifying life event

Plan Highlights:

  • Rates vary based on coverage and age
  • Coverage is convertible; if you lose eligibility or employment ends

SUPPLEMENTAL LIFE COVERAGE

Teammate
Teammates can elect up to five times their annual base salary up to a maximum of $1 Million
Newly eligible teammates have a guarantee issue of coverage and can increase their coverage by one increment each Open Enrollment period without completing Evidence of Insurability
If teammates choose to increase their benefit by more than one time their annual salary Evidence of Insurability will be required by The Hartford
Spouse

If the teammates are enrolled in Supplemental Life, they can elect  coverage for their spouse up to $100,000 in increments of $10,000.

Any election over $50,000 will require Evidence of Insurability 

If the teammates are not enrolled in Supplemental Life, they can elect coverage for their spouse up to $20,000 in increments of $10,000
Child(ren)*
If the teammates are enrolled in Supplemental Life, they can elect coverage for their child(ren) up to $10,000 in increments of $2,000
If the teammates are not enrolled in Supplemental Life, they can elect coverage for their child(ren) up to $4,000 in increments of $2,000
Coverage available to unmarried children from birth to age 26

*Each eligible child is enrolled for the amount elected by the teammate and one premium covers all children

ACCIDENTAL DEATH AND DISMEMBERMENT COVERAGE (AD&D)

Teammate
Teammates can elect up to five times their annual base salary up to a maximum of $1 Million
Newly eligible teammates have a guarantee issue of coverage and can increase their coverage by one increment each Open Enrollment period without completing Evidence of Insurability
If teammates choose to increase their benefit by more than one time their annual salary Evidence of Insurability will be required by The Hartford
Spouse

If the teammates are enrolled in AD&D, they can elect coverage for their spouse up to $100,000 in increments of $10,000

If the teammates are not enrolled in AD&D, their spouse is not eligible for AD&D
Child(ren)*
If the teammates are enrolled in AD&D, they can elect coverage for their child(ren) up to $10,000 in increments of $2,000
If the teammates are not enrolled in AD&D, their child(ren) is not eligible for AD&D
Coverage available to unmarried children from birth to age 26

*Each eligible child is enrolled for the amount elected by the teammate and one premium covers all children 


Voluntary Short-Term Disability

Provides income replacement for off-the-job injuries or illnesses that prevent you from working.
This benefit is offered to teammates who are not eligible for Short-Term Disability through CHS-paid benefits.

Carrier: UNUM | View printable summary

Eligibility: Teammates with 16 - 29 standard hours per week or physicians with 20 or more standard hours per week. Short-term disability is provided by CHS to all bi-weekly paid teammates with 30 or more standard hours per week.

Enrollment: Teammates may enroll when newly eligible, during the annual Open Enrollment period, or due to an applicable qualifying life event

Cancellation: Teammates may cancel their plan at any time by contacting UNUM

Plan Highlights:

  • Rates vary by benefit amount, select the coverage level that best fits your needs
  • Benefit levels from 30% - 60% of your salary available
  • Maximum monthly benefit of $3,000

Notice Regarding Additional Benefits Programs

  • If you have questions, need to file a claim or cancel your policy, contact 704-631-0263.
  • Please note that the above Information is intended to provide explanation of benefit plans. For advice regarding your personal healthcare and financial matters, you may want to consult a healthcare provider, Medicare consultant, tax professional or financial advisor.
  • This page contains only highlights of benefits for eligible teammates and is subject to review and modification. Every effort has been made to report information accurately, but the possibility of error exists. In addition, not every health plan detail of every benefit that may matter to you could be included in this guide. The Carolinas HealthCare System program is governed by the official plan documents. In case of any conflict between this guide and an official plan document, the plan document will be the final authority.
  • Please refer to your plan documents or Summary Plan Descriptions for a full explanation of covered services, exclusions and limitations. If there is a discrepancy between this guide and legal plan documents, the plan documents will control information about all of the benefits available.