J.M. Huber Corporation
Critical Illness Insurance pays a lump-sum benefit if you are diagnosed with a covered illness or condition that occurs on or after your effective coverage date. Critical Illness 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.
What is Critical Illness Insurance?
Critical Illness* Insurance pays a lump sum benefit if you are diagnosed with a covered illness or condition on or after your coverage effective date. Critical Illness 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 Critical Illness Insurance help?
Below are a few examples of how your Critical Illness Insurance benefit could be used (coverage amounts may vary):
Why should I enroll through my employer?
Can I purchase coverage for my spouse and child?
How much does it cost?
Do I need to provide health information?
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. Critical Illness Insurance is underwritten by ReliaStar Life Insurance Company (Minneapolis, MN), a member of the Voya® family of companies. Policy Form #RL-CI4-POL-16 and Certificate Form #RL-CI4-CERT-16. Form numbers, provisions and availability may vary by state.
Critical Illness Insurance can help you manage the financial stress related to a critical illness, like a heart attack or a stroke. You can use the benefit to pay for medical expenses, monthly bills or however you like.
Example expenses over two months
|Medical expenses (Deductible/Co-pay)||$5,000|
|Total out-of-pocket expenses||$10,600|
Maximum Critical Illness benefit paid
|Total benefit paid||$10,000|
The amounts shown above are for illustrative purposes only. Actual costs/results may vary. The benefit amount assumes a maximum critical illness benefit of $10,000 of base coverage. Your employer may offer a different maximum critical illness benefit with other options.
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