Additional insurances

Prepare for the unexpected

To ensure you and your family are protected against life’s surprises, you may be eligible for a range of basic and voluntary insurance options.

Accident Insurance – NEW FOR 2020

New for 2020, accident insurance, insured through MetLife, provides a lump-sum benefit in the event you or a covered family member require medical care as a result of a covered accident. This lump sum can help pay for additional expenses you may have as a result of your injury like out-of-pocket medical costs – such as deductibles, coinsurance and co-pays. Whatever you need while recovering from an accident or injury, accident insurance is there to make life a little easier.

You don’t need to be enrolled in a RAI medical plan or complete a health questionnaire to elect coverage and your plan is portable, so this coverage can move with you – even if you leave the company.

Examples of covered injuries and services:

  • Broken bones
  • Cuts
  • Stitches
  • Burns
  • Eye injuries
  • Ambulance
  • Physical Therapy
  • Hospital Admission

 

An example of how this benefit can help you:

Covered Event: Inpatient – Compound Leg Fracture Benefit Payment

Fracture (Open)

$4,000

Ground Ambulance

$400

Hospital Admission

$1,500

Hospital Confinement (15 days per accident) – 3 days

$900 ($300 x 3)

Crutches

$150

Physical Therapy (10x per accident) – 8 times

$400 ($50 x 8)

Physician Follow-up Visits (2x per accident) – 2 times

$200 ($100 x 2)

Total Benefits

$7,550

Monthly premiums

Premiums are the same for all employees, regardless of age. These are deducted from your payroll after tax, which makes any payments you receive tax free.

Accident Coverage Monthly Rates

Employee Only

$14.05

Employee & Spouse/Domestic Partner

$28.10

Employee & Child(ren)

$32.04

Employee, Spouse/Domestic Partner & Child(ren)

$39.62

Health Screening Benefit

The plan also includes an annual Health Screening Benefit. You and each of your covered family members can receive $50 just for completing a preventive screening, such as a mammogram or annual physical.

Health screenings are an important part of managing your health and include routine medical, dental, eye or hearing exams, blood work, echocardiograms, mammograms, stress tests and cancer screenings, and many more.

You can find out more about this benefit, including the annual Health Screen Benefit, online.

Short-Term and Long-Term Disability Plan

Disability Income Protection

If you’re absent from work because of a disability caused by a non-work related accident, surgery, pregnancy or personal illness, you may be eligible to receive benefits under the Short-Term Disability (STD) and Long-Term Disability (LTD) Income Plans, which RAI provides to you at no cost.

Disability Buy-up

To give you added peace of mind, you may be eligible to purchase additional coverage through the Disability Buy-Up Plans, which provide an additional benefit of 16 2/3 percent of your Base Pay when your STD or LTD disability benefit is reduced to 50%. To find out your cost, log in to Alight at RAIBenefits.com.

Life and Accidental Death and Dismemberment (AD&D) insurance

While you’re employed at RAI, the company provides Basic Life insurance. You’re automatically provided with coverage in the amount of 1x your annual base pay, to a maximum of $1,500,000 ($50,000 minimum).

The company also provides a separate benefit for accidental death or a covered dismemberment as a result of an accident. You’re automatically provided with coverage in the amount of 2x annual base pay, to a maximum of $500,000 ($50,000 minimum) through AD&D insurance.

Voluntary insurances

To give you added peace of mind, you can choose to purchase additional Life or Accidental Death and Dismemberment (AD&D) coverage. Your insurance is portable, meaning you can retain your coverage (and continue to pay required premiums) if you leave RAI.

 

Voluntary Group Universal Life Insurance

  • Coverage of 1-5x your annual base pay (rounded up to the next $10,000), up to a maximum of $3,000,000.
  • Coverage is in addition to your Basic Life coverage.

 

Voluntary Dependent Life Insurance

  • Coverage up to a maximum of $250,000 (in multiples of $10,000) for your spouse/ domestic partner.
  • Coverage of $5,000 or $10,000 for eligible children (from age 14 days to age 26).

 

Voluntary Accidental Death and Dismemberment (VAD&D)

  • Coverage options include 1-5x your annual base pay (rounded up to the next $10,000), up to a maximum of $1,500,000.
  • Coverage is in addition to your basic AD&D coverage.
  • Option to purchase family coverage that pays a benefit based on a percentage of your coverage amount.

Find out more about these voluntary plans online, or contact Mercer Voluntary Benefits at 800-652-9512.

Critical Illness Insurance

Critical Illness Insurance insured through MetLife, the plan provides a lump sum payment if you, or a covered family member, experiences a critical illness.

You can pay for your coverage with after-tax dollars, meaning any payments you receive are tax free.

You can choose a coverage amount of $10,000, $20,000 or $30,000. Your covered spouse will receive the same level of coverage, while dependent child(ren) will be covered for 50% of your chosen benefit amount.

Critical Illness Insurance is Health Savings Account compliant, meaning you can continue to contribute to your account while covered.

Examples of what the plan provides:

  • 100% coverage for many conditions such as, but not limited to, advanced Alzheimer’s disease, coronary artery by-pass surgery, most types of cancer and major organ transplant.
  • 25% coverage for many other conditions (see Covered Conditions for details of eligible conditions).
  • No benefit suspension period for the first occurrence of a distinct covered condition or different illness.
  • Maximum amount of 5x your benefit election could be paid.

Monthly premiums

Attained age Employee only Employee + Spouse Employee + Children Employee + Family

<25

$1.60

$2.50

$2.50

$3.30

26-29

$1.80

$2.70

$2.70

$3.60

30-34

$3.10

$4.50

$4.00

$5.40

35-39

$5.10

$7.30

$5.90

$8.20

40-44

$8.40

$12.10

$9.30

$13.00

45-49

$13.60

$19.50

$14.50

$20.30

50-54

$21.20

$29.80

$22.10

$30.70

55-59

$31.00

$43.40

$31.90

$44.20

60-64

$45.80

$63.60

$46.70

$64.50

65-69

$70.60

$97.50

$71.50

$98.40

70+

$105.40

$147.20

$106.30

$148.00

Auto, Renters’ and Home Insurance

You can choose to purchase Group Auto and Home Insurance coverage from MetLife Auto & Home. This program offers employee discounts, so you could save money.

You pay the full cost for this coverage, which is available for year-round enrollment. Call MetLife at 800-438-6388 to learn more and get a rate quote.

FAQs

What is Critical Illness Insurance and why should I consider purchasing it?

The out-of-pocket medical costs associated with a critical illness such as heart attack, stroke or cancer can run into the thousands of dollars. A time of reduced income due to being a patient or caregiver can present a financial challenge – and your expenses don’t stop there. You may also incur incidental costs for gas, parking, meals out, child care and other items as it relates to a period of hospitalization and rehabilitation.

That’s where Critical Illness Insurance can help. The lump sum payment provided by the plan when you experience a covered critical illness is yours to spend as you see fit.

Downloads

Critical illness insurance plan summary

Critical illness FAQs

Critical illness Outline of Coverage.

Critical illness Regulatory Disclaimer

Accident Insurance plan summary

Accident Insurance Outline of Coverage

Accident Insurance Regulatory Disclaimer

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