Critical Illness Insurance

Critical Illness Insurance  

Overview

Every 40 seconds, someone in the U.S. has a heart attack or stroke or is diagnosed with cancer or other serious disease.* If it happens to you, shouldn’t your primary focus be on getting well—not worrying about how to pay for your treatment and care?
Critical Illness** Insurance can help you by paying a lump sum benefit if you are diagnosed with a covered illness or condition. Features of this insurance include:

  • You can elect $10,000 or $20,000 benefit amounts.
  • Spouses and dependent children can be covered at 50% of the employee’s benefit amount.
  • Rates are typically lower when you purchase group insurance coverage through your employer. Your premium is conveniently deducted from your paycheck.
  • Offered by Voya Employee Benefits.
  • There are no medical questions or tests required for coverage if you enroll during the Enrollment Period.
  • Portable—you can keep your coverage if you leave your employer.

 

The cost of Critical Illness Insurance varies based on your age and the amount of coverage. It is very likely that your monthly premiums will be less than your monthly lunch budget.
 

This is a limited benefit policy. This is not health insurance and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act. There are no co-pays or reimbursements for services.

 

Rate Chart

 


*http://www.criticalillnessinsuranceinfo.org/learning-center/critical-illness-coverage-facts.php
**Critical Illness is referred to as Specified Disease in some states.

Enrollment

Add group critical illness insurance to help offset expenses that may not be covered under your employer's existing medical insurance and disability plans.



Contact Us

Address
Mercer Voluntary Benefits
12421 Meredith Drive
Urbandale, IA 50398
Phone
1-800-642-5746
Hours
M-F 9a-6p ET
Email
employerbenefitsinquiries.service@mercer.com

How It Works

*Critical illness is not a coordinated benefit and medical coverage is not provided by Voya Employee Benefits or any of its member companies.
Forms

These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.

 

Plan summary

FAQs

Answers about the plan, including eligibility, options, enrollment, customer service and more.

  • Who is the provider?

    Critical Illness Insurance is underwritten by ReliaStar Life Insurance Company (Minneapolis, MN), a member of the Voya® family of companies. Voya Employee Benefits is a division of ReliaStar Life Insurance Company.

  • How can this help me?

    Voya pays cash benefits directly to you. This means that you will have added financial resources to help with medical costs or ongoing living expenses. Voya plans are designed to provide you with a lump sum cash benefit to help you cover out-of-pocket medical and other expenses caused by a critical illness.

  • When can I enroll?

    As a new hire, you can enroll within your employer’s benefits eligibility guidelines. Outside of your new hire or new life event period, enrollment is limited to the company’s annual enrollment.  Please contact your employer for further details.

  • What if my employment status changes?

    When you leave or retire from your current employer, you can continue your coverage without interruption, subject to applicable law and the policies' terms and conditions. Although payroll deduction will no longer be available if you retire or leave your company you will be billed directly by the insurance carrier.

  • Will I have to take a medical exam to get this coverage?

    No! Your Critical Illness Insurance is guaranteed issue, which means no medical questions or tests are required to enroll in this coverage.

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.