VOLUNTARY BENEFITS
Accident Coverage
Accident insurance provides a lump sum payment based on the accident/injuries sustained; it’s paid directly to you and you decide the best way to spend it.
Other advantages of accident insurance are:
- Cash benefits for expenses that may not be covered under your medical insurance
- You can keep coverage even if you leave Myers
- There are no health questions to answer
- You can cover your spouse and children
- There is no limit to the amount of accidents you can claim under the policy (with exception to policy rules)
- Covered individuals can receive a cash benefit for a covered health screening per plan year with no waiting period required.
Critical Illness Coverage
Critical illness coverage provides a way for you to stay ahead of the medical and out-of-pocket expenses that can accompany certain covered medical events. Most medical plans provide coverage for hospital and medical expenses associated with critical illnesses such as stroke, heart attack, kidney failure, major organ transplant, coma and paralysis. There are many expenses that aren’t covered and that can be financially devastating. With critical illness coverage, you can be prepared financially for costs like:
- Copays, deductibles and coinsurance
- Possible transportation and lodging needs
- Childcare and other domestic help expenses
- Possible loss of income
Critical illness coverage offers:
- A set amount of money is paid directly to you to be used however you choose
- Receive a Wellness Benefit in the amount of $75 for getting a health screening test. Please refer to the Wellness Benefit flyer located in the Resources box on this page for a list of eligible health screenings and easy instructions on how to file a claim
- Portability – You can keep the policy even if you leave Myers, as long as you pay the premium
- Convenience of payroll deduction
- Additional opportunity to insure your spouse and children
- Policy enhancements
Critical Illness premium rates are determined by your age and the amount of coverage requested.
Hospital Indemnity Insurance
Unum’s group hospital indemnity insurance can complement your health insurance to help you pay for the costs associated with a hospital stay due to an accident, illness, or childbirth. It can also provide funds for the out-of-pocket expenses your medical plan may not cover, such as coinsurance, copays and deductibles.
Hospital Indemnity coverage offers:
- $1,000 for each covered hospital admission – once per year
- $100 for each day or your covered hospital stay, up to 15 days – once per year
- $200 for each day you spend in intensive care, up to 15 days – once per year
- Receive a Wellness Benefit in the amount of $50 for getting a health screening test. Please refer to the Wellness Benefit flyer located in the Resources box on this page for a list of eligible health screenings and easy instructions on how to file a claim
- Portability – You can keep the policy even if you leave Myers, as long as you pay the premium
- Convenience of payroll deduction
- Additional opportunity to insure your spouse and children
Hospital Indemnity premium rates are determined by the issue age of the employee and spouse.
Whole Life Insurance
Whole Life Insurance is life insurance that has premiums and benefits that do not change as you age. This insurance also builds cash value and can have riders added to it, for example, Long Term Care or Accidental Death Benefit.
This coverage is designed to pay a death benefit to beneficiaries but can also gain cash value that can be used while you are living. We also offer the option of purchasing this coverage for your spouse, children, and grandchildren.
The perks of the plan:
- The policy accumulates cash value at a minimum guaranteed rate of 4.5%. Once your cash value builds to a certain amount, you can borrow from the cash value or use it to purchase a smaller “paid-up” policy with no additional premiums due.
- You can get great rates and Guarantee Issue up to certain limits if you apply within your initial eligibility period on this policy when you purchase through Myers, and your premium can be paid through convenient payroll deductions.
- You own the policy and can take it with you at the same rates, even if you leave Myers.
Rates are provided online during enrollment. For questions about a policy, updating beneficiaries, or other questions, please contact UNUM at 1-866-679-3054 or
Individual Short-Term Disability
Individual Short-Term Disability Insurance can replace a portion of your monthly income if you have a covered disability that keeps you from working. This voluntary plan is available to hourly employees only and would be in addition to the employer-paid STD provided by Myers.
For more information, please download the “Individual Short-Term Disability” flyer, located in the Resources box on this page.
*These benefits are only offered during Annual Open Enrollment. Please contact Unum directly with any questions.
