Voluntary Benefits
Hospital Indemnity Plan
An unexpected hospital stay can be expensive as you meet your deductible and out-of-pocket obligations under the medical plan. That is why we are offering a Hospital Indemnity Plan that works in conjunction with your medical plan to provide financial protection by paying you a direct benefit due to a hospitalization. This plan includes:
Coverage
Benefit
Admission Benefit
$1,500 for up to 4 admissions per calendar year
$1,500 additional ICU Supplemental Admission (paid concurrently with the Admission benefit when a covered person is admitted to the ICU)
Confinement Benefit
$100 per day for up to 15 days per calendar year
$200 per day additional ICU Supplemental Confinement (paid concurrently with the Admission benefit when a covered person is admitted to the ICU)
Ancillary Benefit for Childbirth
$100 for up to 2 days per routine delivery and 4 days for caesarean delivery (paid if other Confinement benefits are exhausted)
Confinement Benefit for Newborn Nursery Care
$75 per day for up to 2 days per routine delivery and 4 days for caesarean delivery for Newborn Nursery Care
Maternity Follow-up Benefit
$50 for up to 3 maternity follow-up visits per childbirth
CHUBB Hospital Indemnity Plan Summary
Video: Hospital Indemnity Coverage
Accident Insurance
As you are aware, accidents happen. Even though our medical plan provides coverage when you seek medical assistance due to an accident, there will likely be some out-of-pocket expenses. This benefit provides coverage option for you, your spouse, and your dependent children that is designed to help you pay for high, out-of-pocket costs that can accumulate as a result of an accident that occurs off the job. Coverage provides a direct cash benefit that supplements your medical insurance. Below is a partial list of reimbursements for specific accident-related expenses. More detailed information is available on the enrollment portal.
CHUBB Accident Insurance Plan Summary
Group Critical Illness Insurance
The Critical Illness plan pays a lump sum benefit based on the amount of coverage in effect on the date of diagnosis or treatment if you or someone in your family develops a serious illness. While the medical plan covers many of the immediate costs you may encounter, this plan helps with additional expenses not covered by the plan. Children are covered automatically at 25% of the associate benefit. Some diagnoses include an additional benefit for Recurrence. Rates are age-banded based on the Associate age and depend on Tobacco Use status of the Associate. More detailed information is available on the enrollment portal.
CHUBB Critical Illness Plan Summary
Video: Critical Illness Insurance
Chubb Lifetime Benefit Term Insurance
BGDC is partnering with Chubb to give you the option to buy Permanent Term Life Insurance at an affordable fixed premium. This product has premiums that are guaranteed to never increase, and a level death benefit to provide money to your family upon death, and while you are living too. It also provides money if you need home health care, assisted living, or nursing care, through a unique Long Term Care rider. This coverage is offered to all Associates ages 18-70 and is portable if you ever leave BGDC.
If you want to enroll or are currently enrolled in the Lifetime Benefit Term with Long Term Care product you MUST speak with a Benefits Counselor.
Why Do I Need Life Insurance?
Ask yourself this: In the event of my death, how would my family …
- Pay final expenses?
- Pay off debt?
- Pay for daily living expenses (housing, food, bills, etc.)?
- Replace Your Income?
- Maintain financial stability?
