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East St. Louis Housing Authority
Page 6
2016 –2017 Benefits Guide
THE HARTFORD- VOLUNTARY LIFE / AD&D
During your initial enrollment period you have the opportunity to purchase additional life
insurance for yourself, your spouse, and/or dependent child(ren). You cannot cover
your spouse or dependent child(ren) unless you elect coverage for yourself. You may
elect coverage up to the guaranteed issue amount without completing medical
questions. Coverage above the guaranteed issue must be approved by The Hartford,
by answering medical questions, before it goes into effect.
During the annual enrollment period, you may apply for or increase the amount of
coverage. All new and increased coverage requires the completion of medical
questions. All requested amounts must be approved by The Hartford before it goes
into effect.
Benefit reductions apply when you reach age 65 and 70. Benefits reduce by 35% at
age 60 and an additional 15% at age 70.
EMPLOYEE COVERAGE
Employees may elect coverage in increments of $10,000 up to to a maximum of
$300,000. You can elect up to $100,000 without medical underwriting.
SPOUSE COVERAGE
Spousal coverage is available in $5,000 increments not to exceed 100% of the
employee amount up to a maximum of $100,000. Spouse rates are based upon the
employee’s age. You can elect up to $30,000 for your spouse without medical
underwriting.
CHILDREN
Coverage is available for your child(ren) up to age 26. Coverage is $10,000. The
amount you select is for each child you cover. The cost is based upon the family unit as
opposed to each child. Guarantee issue does not apply to child coverage. Coverage for
a child from 15 days to 6 months is $1,000.
$50,000
Elected
Coverage
÷ 1,000 =
50
Units
X
$0.21
Rate
* See Note
=
$10.50
Monthly Cost
*The premium calculation is
based upon the life rate for an
employee age 45.
HOW TO CALCULATE
VOLUNTARY PREMIUM
REMEMBER:
You must use the employee’s age to calculate the spouse’s premium.
THE HARTFORD - BASIC LIFE / AD&D
All eligible employees receive $10,000 of Basic Life and Accidental Death & Dismemberment coverage. This coverage is
provided by East St. Louis Housing Authority at no cost. Benefits reduce by 35% at age 60 and an additional 15% at age
70.
EMPLOYEE COST
PER PAY PERIOD
Age
Band
Employee
& Spouse
Rate per
$1,000
Under 30
$.04
30-34
$.04
35-39
$.07
40-44
$.13
45-49
$.21
50-54
$.44
55-59
$.71
60-64
$.81
65-69
$1.43
70-+
$3.57
AD&D
$.02/$1,000
Child/
Family
$.20 Per
$1,000