Life Insurance Coverage
The MACo Health Care Trust has switched life insurance vendors from The Standard to UNUM as of July 1, 2016.
Basic Life Insurance and AD&D – MACoHCT Paid
A Basic Life Insurance and Accidental Death & Dismemberment (AD&D) benefit of $25,000 is provided at no cost to all eligible active employees and active county elected officials enrolled in a MACoHCT medical plan.
Additional Basic Life Insurance and AD&D – Employer Paid
Your employer may have elected to purchase additional coverage for all eligible active employees and active county elected officials regardless of enrollment in a medical plan. Your employers may also have elected to purchase spouse and dependent children Life Insurance and AD&D coverage in the amount of $10,000. Please contact your human resource or payroll department to find out if this coverage is available to you, or contact the MACo Health Care Trust.
Voluntary Life Insurance and AD&D – Employee Paid
Eligible active employees and active county elected officials may elect to purchase coverage in increments of $10,000 to the lesser of $500,000 or 4 times annual earnings. Guaranteed issue amount of up to $100,000 during the initial eligibility period – late enrollee rules apply. Coverage for spouses in increments of $10,000 can also be purchased up to the amount of coverage purchased by the employee or elected official with a guarantee issue of $30,000 during initial eligibility period – late enrollee rules apply. Dependent child(ren) Life Insurance and AD&D in the amount of $10,000 can be purchased for a flat monthly rate. For additional information, click here to download the Guaranteed Issue flyer.
All Life Insurance and AD&D coverage provided by UNUM through MACoHCT also include Interest Bearing Retained Asset Accounts, Education Benefits, Seat Belt Benefits, Air Bag Benefits.