Basic Life and AD&D Insurance


Hospital Sisters Health System provides basic life insurance and accidental death and dismemberment (AD&D) coverage at no cost to you. You are not required to provide evidence of insurability – or proof of good health - for basic life and AD&D coverage.

Basic AD&D coverage amounts are paid in the event of accidental loss of life; both hands or feet; sight in both eyes; one hand and one foot; and one hand or one foot and loss of sight in an eye, or loss of your speech and hearing. Half of the full coverage amount will be paid if you suffer a loss of one hand, one foot or sight in an eye, or loss of your speech or your hearing.

Basic Life and AD&D Coverage

You automatically receive basic coverage of 1½ times your annual salary, to a maximum of $50,000. Pay is based on your rate of pay and regularly scheduled hours as of October 1, 2016.

Living Care Benefit

If you buy additional term life coverage, the living care benefit is available to provide financial assistance if you become terminally ill by letting you receive a part of your life insurance benefit while you are living.

Colleagues can receive up to 100% of their basic life insurance amount during the 24 months prior to the expected date of death. Unlike life insurance benefits, living care benefits may be subject to taxes, so you are encouraged to consult a tax advisor before applying for this benefit.

Voluntary Accidental Death & Dismemberment (AD&D) Coverage

In addition to the basic AD&D coverage provided by HSHS in conjunction with your basic life insurance, you can purchase more coverage for you and for your family. Your cost for voluntary AD&D coverage is paid on a pre-tax basis.

You may purchase coverage just for yourself, or for you and your family. You select one of the coverage amounts for yourself; that benefit is paid in the event of your accidental loss of life, and all or part of it is paid if you suffer loss of limb, sight, speech or hearing as a result of an accident, depending on the extent of your loss.

If you select family coverage:

  • Your covered dependents have coverage amounts based on your coverage amount.
  • Dependent benefits for accidental loss of life are based on your covered family at the time of an accidental loss.
    • You and spouse only: your legal spouse is covered for 60% of your coverage amount.
    • You, spouse and children: your legal spouse is covered for 50% of your coverage amount and each child is covered for 15% of your coverage amount.
    • You and children only: Each child is covered for 20% of your coverage amount.
  • For losses other than accidental loss of life, the Voluntary AD&D benefit will be based on the coverage you elect, the make up of your family (if you elect family coverage), and the type of accidental loss. See the chart in the 2018 Flexplan Decision Guide for Illinois and 2018 Flexplan Decision Guide for Wisconsin and the Voluntary AD&D SPD for more details.

Other plan features include: seatbelt and airbag benefit, education benefit (when family coverage is elected), occupational HIV or hepatitis benefit (for you only), child care benefit, increased child dismemberment benefit, psychological therapy benefit and rehabilitation benefit.

For more information, see the Voluntary AD&D SPD.
 

Supplemental Life – Securian

You can purchase supplemental life insurance for you and your eligible dependents through Securian. Your options include:

  • Supplemental life insurance for you from one to eight times your pay, up to $1,000,000 in additional coverage.
  • Supplemental life insurance for your legal spouse in $5,000 increments from $5,000 to $50,000. The amount of life insurance coverage you elect for your spouse cannot exceed the total amount of your life insurance coverage (basic and supplemental combined). If your spouse is eligible for supplemental life insurance as an employee, you cannot elect spousal coverage. Your spouse must enroll in supplemental life insurance as an employee.
  • Supplemental life insurance for your eligible dependent children from live birth in $2,500 increments from $2,500 to $10,000. When you select supplemental life insurance for your eligible children, each child is covered for the same amount - so if you choose $5,000 children's life insurance, each child would have $5,000 in coverage.

You pay for supplemental life insurance with after-tax payroll deductions. Premiums for your coverage are age-based and differ for smokers and non-smokers. Spouse premiums are also age-rated; for children the premiums are a flat amount - regardless of the number of children.
 

Need More Information?

See the HSHS Group Term Life and AD&D Insurance or Basic Life and Supplemental Group Term Life (SGTL) Insurance SPD.