HSHS provides basic life insurance with built-in accidental death & dismemberment (AD&D) coverage at no cost to you.

• You automatically receive 1 ½ times your annual salary up to a maximum of $50,000. No evidence of insurability is required.
• Basic life insurance is provided to all active colleagues of an HSHS facility who are regularly scheduled/budgeted to work 32 or more hours per biweekly pay period.
• Temporary or leased colleagues are not eligible for life insurance.

Benefit eligible colleagues may purchase additional supplemental life insurance through Securian for yourself, your spouse, and/or your dependent children who are under age 26.

• Supplemental life insurance for you is one to eight times your annual salary up to a maximum of $1 million.
• Supplemental life insurance for your spouse is in $5,000 increments up to a maximum of $50,000.
  • Note: As required by law, you cannot carry more life insurance on your spouse than you carry for yourself (Basic life and supplemental life combined).
• Supplemental life insurance for your eligible dependent children is in $2,500 increments up to a maximum of $10,000.
  • When you select supplemental life insurance for your eligible dependent children, each child is covered for the same amount.
  • Note: Your first eligible newborn child will automatically be covered for $2,500 for 30 days from live birth, unless or until you enroll for a different amount of dependent child life insurance. If you do not enroll within 30 days, such coverage will automatically terminate.

 

You must complete the EOI form if, as a newly eligible colleague, you elect coverage that exceeds three times your pay or $350,000 or elect coverage for your spouse that exceeds $20,000.

• Securian will send an email to your personal email directing you to Securian Financial’s website to complete your EOI. If you do not have a personal email on file a EOI form will be mailed to our home address. 
• Elected coverage will become effective only if you complete the EOI online process or form and Securian has approved the coverage.

If you are a late entrant (previously waived coverage) and want to elect coverage, increase your current coverage more than one level, or add or increase spouse coverage, you will be required to complete the EOI process via online or form if you wish to make these changes during annual enrollment.

• Securian will send an email to your personal email directing you to Securian Financial’s website to complete your EOI. If you do not have a personal email on file a EOI form will be mailed to our home address. 
• Elected coverage will become effective only if you complete the EOI online process or form and Securian has approved the coverage.

Note:
Occasionally, during annual enrollment there may be an opportunity to choose employee supplemental life insurance coverage that is one level higher than your current coverage (e.g., from five to six times pay), you will not be required to provide Evidence of Insurability (EOI) to Securian. You will be notified of this opportunity when annual enrollment information is sent out.

Evidence of insurability (EOI) is not required to enroll dependent children in supplemental life insurance.
 

Beneficiary information for life insurance and accidental death insurance is maintained within Workday. 

You may review and update your beneficiary information during the annual open enrollment period or at any time during the year by access Workday. 

• Once you log in, click the Benefits tile within the Application section on your Home page.
• Click on Beneficiaries in the Change section to view your current beneficiary elections.
• To update your beneficiaries, click on the Benefit event in the Change section.
• Select the Change Life Insurance Beneficiaries and follow the prompts to update.
• Check your math. Make certain that your primary beneficiary designations total 100%.

Contact the HSHS HR Service Center at 855-394-4747 to initiate your claim.  Please have the following information available prior to calling:

• Colleague name and ID number
• Name of deceased and relationship to colleague
• Deceased’s date of birth, date of death, and social security number

The HR Service Center will report this information to Securian who will then contact the colleague or beneficiary.

Portability allows you to continue your Basic Life, Supplemental Group Term Life (SGTL) insurance, and Accidental Death & Dismemberment insurance for yourself and any covered family members when coverage is lost due to retirement, termination of employment, layoff, non-medical leave, or loss of eligibility. You pay the total cost of premiums directly to Securian (formerly known as Minnesota Life). You may continue your total amount of insurance coverage that was in effect on the date your coverage ended, up to a maximum of $500,000. If you are age 65 or older, the amount you may “port” will be 65% of the amount of insurance in force on the date your coverage ended. Portability ends at age 70.

Conversion allows you to continue your Basic and/or Supplemental Group Term Life (SGTL) insurance coverage as an individual insurance policy for yourself only when coverage is lost due to retirement, termination of employment, layoff, leave of absence (including medical leave), or loss of eligibility. You pay the total cost of premiums directly to Securian (formerly known as Minnesota Life). There is no age reduction of coverage at age 65 and there is no age limitation for the conversion option.

The basic differences between portability and conversion of life insurance are:

• Portability has an age limit of 70. There is no age limit with conversion.
• Portability has a reduction in coverage at age 65. There is no reduction of coverage based on age with conversion.
• Portability is coverage under the group term life contract. Conversion is a new individual life insurance policy.
• Portability is not allowed for a medical leave of absence (disability). Conversion does not have this restriction.
• Portability allows for continuing life insurance coverage for family members. Conversion is limited to coverage for the colleague only.
• Coverage cannot be increased with the portability option. Coverage may be increased with evidence of insurability (EOI) with the conversion option.
• Coverage can be decreased if you choose either portability or conversion.