Supplemental Benefits
Mercy Housing offers excellent medical plan options; however, no plan covers all the costs of a serious illness or injury. If a major health event occurs, deductibles and coinsurance can add up to thousands of dollars. We are offering three supplemental benefits that allow you to greatly reduce this financial exposure and help bridge the gaps when the unexpected occurs – Critical Illness Insurance, Accidental Injury Insurance, and Hospital Care Insurance.
Supplemental Benefits
Mercy Housing offers excellent medical plan options; however, no plan covers all the costs of a serious illness or injury. If a major health event occurs, deductibles and coinsurance can add up to thousands of dollars. We are offering three supplemental benefits that allow you to greatly reduce this financial exposure and help bridge the gaps when the unexpected occurs – Critical Illness Insurance, Accidental Injury Insurance, and Hospital Care Insurance.
Supplemental Benefits
Mercy Housing offers excellent medical plan options; however, no plan covers all the costs of a serious illness or injury. If a major health event occurs, deductibles and coinsurance can add up to thousands of dollars. We are offering three supplemental benefits that allow you to greatly reduce this financial exposure and help bridge the gaps when the unexpected occurs – Critical Illness Insurance, Accidental Injury Insurance, and Hospital Care Insurance.
Health Screening Benefit
Each of these voluntary benefits provides a Health Screening Benefit per covered person per calendar year if you or your covered dependents complete a covered health screening test such as a total cholesterol blood test, mammogram, colonoscopy, and more. Health Screening Benefits are $75 for Critical Illness Insurance, Accidental Injury Insurance and Hospital Care Coverage. If you enroll in all three plans, you are eligible for three times the benefit.
Read below to learn more about the value of each plan.
Critical Illness Highlights
Watch this video to learn more about Critical Illness Insurance
What is Critical Illness Insurance?
Critical Illness Insurance pays a lump-sum benefit directly to you in the event you or a covered family member is diagnosed with a covered condition such as a heart attack, stroke, or cancer. You can use this benefit any way you choose, to help pay for deductibles and coinsurance, or simply to replace lost earnings from being out of work. You choose the benefit amount when you enroll. No medical underwriting is needed.
Employee Coverage
Benefit Amount: $10,000, $20,000, $30,000, $40,000
Guaranteed Issue: Up to $40,000
Spouse Coverage
Benefit Amount: 100% of employee amount
Guaranteed Issue: Up to $40,000
Child(ren) Coverage
Benefit Amount: 100% of employee amount, including childhood conditions
Guaranteed Issue: All guaranteed issue
Bi-weekly Rates per $10,000 of Critical Illness Benefit
What Is a Pre-Existing Condition?
A pre-existing condition includes any condition for which you, in the specified time period prior to coverage in this plan, consulted with a physician, received treatment, or took prescribed drugs.
Hospital Care Highlights
Watch this video to learn more about Hospital Care Insurance
What is Hospital Care Insurance?
Even with medical insurance, a hospital stay can cost you thousands of dollars in deductibles and coinsurance. Hospital Care Insurance pays a benefit directly to you if you or a family member incurs a hospital stay resulting from a Covered Injury or Covered Illness. You receive a benefit for being admitted to the hospital and then for each day you’re confined. Additional benefits are paid based on the type of services you receive, such as Hospital Chronic Condition Admission, Hospital Intensive Care Unit (ICU) Stay, and Hospital Observation Stay. Emergency room services are also eligible.
Your Benefit Deductions
Benefit deductions are calculated on 26 pay periods per year.
Employee Only
Hospital Care: $10.98
Employee + Spouse
Hospital Care: $21.36
Employee + Child(ren)
Hospital Care: $17.62
Employee + Family
Hospital Care: $28.00
Accidental Injury Highlights
Watch this video to learn more about Accidental Injury Insurance
What is Accidental Injury Insurance?
Accidents happen. You can’t always prevent them, but you can take steps to reduce the financial impact. Accidental Injury Insurance pays you or your covered dependents benefits for specific injuries and events resulting from a covered accident, both on and off the job. The amounts paid depends on the type of injury and care received. Benefits may be available for things like physician office visits, emergency care treatment, hospitalization, fractures, dislocations, lacerations, and physical therapy.
Your Benefit Deductions
Benefit deductions are calculated on 26 pay periods per year.
Employee Only
Accidental Injury: $4.96
Employee + Spouse
Accidental Injury: $9.06
Employee + Child(ren)
Accidental Injury: $10.64
Employee + Family
Accidental Injury: $14.70
ABOUT THIS GUIDE: Actual plan provisions for Mercy Housing (“the Company”) benefits are contained in the appropriate plan documents, including the Summary Plan Description (SPD) and incorporated benefit/carrier booklets. The Digital Benefits Hub is a summary only and does not describe each benefit option. This Digital Benefits Hub provides updates to your existing SPD as of the first day of plan year, which describes your health and welfare benefits in greater detail. Until the Company provides you with an updated SPD, this guide is intended to be a Summary of Material Modification (SMM) and should be retained with your records along with your SPD. As always, the official plan documents determine what benefits are available to you. If any discrepancy exists between this guide and the official documents, the official documents will prevail. The Company reserves the right to amend or terminate any of its plans or policies, make changes to the benefits, costs, and other provisions relative to benefits at any time with or without notice, subject to applicable law.