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LONG-TERM CARE
Versa-Tags provides a $1,000 long term-care benefits to
ALL eligible employees with NO cost! You also have the
option to purchase (Buy-Up) additional long-term care
coverage. Please review the UNUM benefit information
for additional details.
EMPLOYER PAID BENEFIT:
■ $1,000 monthly benefit in long-term care facility or
professional home and community care
■ 3 years facility benefit duration
■ Elimination period of 90 days
■ Lifetime maximum of $36,000
EMPLOYEE OPTIONAL BUY-UP
■ 5% simple or compound inflation protection
■ Up to $9,000 facility monthly benefit in $1,000
increments
■ 6 Year or lifetime durations
■ Medical underwriting is required for any benefit
amounts over $6,000 or if lifetime duration is elected
WHY IS LONG-TERM CARE IMPORTANT?
If something happened to you, and you needed
assistance with everyday activities, how would you pay
for it? Would you have to deplete your savings, your
children’s college funds or dip into your retirement? With
this valuable benefit from UNUM, Versa-Tags is providing
assistance with these costs and in addition, you will have
the ability to buy additional benefits as listed above.
ACCIDENT INSURANCE
Accident insurance is offered to you on a voluntary basis
through Colonial Life. This plan helps offset unexpected
medical expenses that result from off the job accident
related expenses. Accidents are usually followed by a
series of bills. Even if you have good insurance, you may
still have to cover out-of-pocket costs, such as:
■
Doctor bills
■ Ambulance fees
■ Hospital expenses
Accident insurance from Colonial Life & Accident
Insurance Company can help protect you, your spouse
and your dependent children from the unexpected
expenses of an accident.
Features of Colonial Life’s Accident Insurance:
■
You are paid benefits to help you with the care and
treatment of a covered accidental injury.
■ Your benefits are paid directly to you (unless you
specify otherwise).
■ You are paid benefits regardless of any other
insurance you may have with other insurance
companies.
■ You can take your coverage with you if you change
jobs or retire.
Contact your Human Resources department for rates and
more details.
CRITICAL ILLNESS
INSURANCE
This benefit provides cash payments in the event of a
critical illness and is offered to you on a voluntary basis
through Colonial Life.
If you were to suffer a heart attack, stroke or other critical
illness, would you have the money to cover:
■
Deductibles and coinsurance
■ Home health care needs
■ Travel and lodging
■ Lost income
■ Rehabilitation
■ Child care
Even those who plan for the unexpected with life,
disability and health insurance may discover that some
critical illness expenses can still remain unpaid. Without