Accident Insurance pays benefits for specific, covered accidents and injuries that happen on or after your coverage effective date. The benefit amount depends on the type of injury you have and the treatment you receive. Accident Insurance is a limited benefit policy. This is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act. For a complete description of your available benefits, exclusions and limitations, see your certificate of insurance and any benefits.
What is Accident Insurance?
Accident Insurance pays you benefits for specific injuries and events resulting from a covered accident that occurs on or after your coverage effective date. The amounts paid depend on the type of injury and care received. Accident Insurance is a limited benefit policy. This is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act.
How can Accident Insurance help?
You can use the benefit however you would like. Below are a few examples of how your Accident Insurance benefits could be used:
Do I need to provide health information?
No. Accident Insurance coverage is available on a guaranteed issue basis. Pre-existing condition limitation may apply.
How much does it cost?
To find out the exact cost of your insurance, you may request an application by clicking here. All applications will include a rate sheet.
This is a summary of benefits only. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of insurance and riders. All coverage is subject to the terms and conditions of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern. To keep coverage in force, premiums are payable up to the date of coverage termination. Accident Insurance is underwritten by ReliaStar Life Insurance Company (Minneapolis, MN) and ReliaStar Life Insurance Company of New York (Woodbury, NY), members of the Voya® family of companies. Within the State of New York, only ReliaStar Life Insurance Company of New York is admitted, and its products issued. Voya Employee Benefits is a division of both companies. Policy Form #RL-ACC3-POL-16 or Policy Form #RNY-ACC2-POL-12; Certificate Form #RL-ACC3-CERT16 or Certificate Form #RNY-ACC2-CERT-12. Form numbers, provisions and availability may vary by state.
John works full-time, while raising two energetic children and playing in a summer softball league. While sliding into home base, he broke his ankle and tore his ACL. Fortunately, this accident didn’t break John’s bank account and the benefits minimized the financial impact of his out-of-pocket expenses.
Example Out-of-Pocket Expenses
| Emergency room copay | $100 | |
| Deductible | $250 | |
| Copay for surgery | $750 | |
| Copay for 10 physical therapy visits | $150 | |
| Total out-of-pocket expenses | $1,250 | |
| Accident Insurance benefits paid1 | ||
| Emergency room treatment | $300 | |
| Initial doctor visit | $120 | |
| Follow up doctor visit | $120 | |
| Physical therapy ($75 per visit, up to 5) | $375 | |
| Total benefits paid | $915 | |
1 Your employer may offer a different level of coverage with different covered benefits.
This is shown for illustrative purposes only. Actual results may vary. Average Accident Insurance claim paid from 1/1/2022 – 6/1/2022 was $1,111.91. For a complete description of your available benefits, exclusions and limitations, see your certificate of insurance and any riders.