Voluntary Medical Coverage Options

Six Reasons to Consider Critical Illness Insurance

Serious illnesses are more common than you think. A stroke occurs every 40 seconds, and 4 in 10 people will be diagnosed with cancer at some point in their lives. Many people are not financially prepared for the unexpected costs of a serious illness. Have you considered the following?

1. Even a good medical and disability plan can leave you with out-of-pocket expenses.
   The financial impact of a critical illness is often surprising. From deductibles and co-pays to additional everyday expenses, as well as lost salary from time off from work, it may push you off track financially.
2. Critical Illness Insurance pays regardless of what your medical plan may cover.
   A critical illness plan works to complement your medical coverage. There’s no coordination of benefits with other coverages, so you get the full benefit provided by your plan.
3. You’re guaranteed coverage regardless of your health.
   There are no health questions to answer to get these benefits when you enroll during your annual open enrollment period or if you experience a qualifying event. You just need to be actively at work on the day your coverage starts.
4. You get a lump-sum payment to use however you like – for medical deductibles, co-pays, or non-covered services.
   You can even use it for everyday expenses, like babysitters and take-out food, making your recovery a little easier and helping you stay on track financially.
5. It’s quick and easy to use.
   You can submit claims online, through email, over the phone or through the mail. Benefit decisions are typically made within five business days.
6. You can take it with you.
   If you change jobs or retire, you can take your coverage with you and continue paying the same group rates.

This coverage is not health insurance coverage (often referred to as “Major Medical Coverage”).
This type of plan is NOT considered “minimum essential coverage” under the Affordable Care Act and therefore does NOT satisfy the individual mandate that you have health insurance coverage. If you do not have other health insurance coverage, you may be subject to a federal tax penalty.

Group Critical Illness Insurance coverage is a limited benefit policy issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Prudential’s Critical Illness Insurance is not a substitute for medical coverage that provides benefits for medical treatment, including hospital, surgical, and medical expenses, and it does not provide reimbursement for such expenses. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. If there is a discrepancy between this document and the Booklet-Certificate/Group Contract issued by The Prudential Insurance Company of America, the Group Contract will govern. A more detailed description of the benefits, limitations, and exclusions applicable are contained in the Outline of Coverage provided at time of enrollment. Please contact Prudential for more information. Contract provisions may vary by state. Contract Series: 114774.

Six Reasons to Consider Hospital Indemnity Insurance

Hospital stays can be expensive, and usually unexpected. Recent studies have shown that the median hospital spend per patient in the U.S. was nearly $20,000. Many people are not financially prepared to pay these costs. Have you considered the following?

1. Even a good medical plan can leave you with out-of-pocket expenses.
   The financial impact of a hospital stay is often surprising. From deductibles and co-pays to additional everyday expenses, it may push you off track financially.
2. Hospital Indemnity Insurance pays regardless of what your medical plan may cover.
   A hospital plan works to complement your medical coverage. There’s no coordination of benefits with other coverages, so you get the full benefit provided by your plan.
3. You’re guaranteed coverage regardless of your health.
   There are no health questions to answer to get these benefits when you during your annual open enrollment period or if you experience a qualifying event. You just need to be actively at work on the day your coverage starts.
4. You get a lump-sum payment to use however you like – for medical deductibles, copays, or non-covered services.
   You can even use it for everyday expenses, like babysitters and take-out food, making your recovery a little easier and helping you stay on track financially.
5. It’s quick and easy to use.
   You can submit claims online, through email, over the phone or through the mail. Benefit decisions are typically made within five business days.
6. You can take it with you.
   If you change jobs or retire, you can take your hospital plan with you and continue paying the same group rates.

Note: Hospital Indemnity Insurance is not approved in all states.