Sometimes standard medical coverage isn’t enough. That’s where voluntary medical insurance comes in. It can help protect you from significant or unexpected out-of-pocket expenses.
Keep in mind that these plans are intended to supplement a medical plan. They do not provide the minimum level of medical coverage needed to meet the healthcare reform requirement for medical insurance. They may not be a good fit for all employees; consider your anticipated medical needs, along with the cost of the insurance plans. Adding a voluntary plan to a lower-cost medical plan may save you money while providing important coverage.
Ancestry offers three voluntary medical plans: accident, critical illness, and hospital indemnity.
Accident insurance supplements your medical plan by providing cash benefits in the event that you are accidentally injured. You can use this money to help pay for uncovered medical expenses, such as your deductible or coinsurance, or for ongoing living expenses, such as your mortgage or rent.
For more information, review the MetLife Accident Insurance Plan Summary.
Critical Illness Insurance
Critical illness insurance protects you against the financial impact of certain illnesses or diseases, such as heart attack, cancer, and more. You receive a lump-sum benefit that you can use however you see fit.
For more information, review the MetLife Critical Illness Insurance Plan Summary.
A hospital indemnity plan provides supplemental payments you can use to cover expenses that your medical plan doesn’t cover for hospital stays.
For more information, review the MetLife Hospital Indemnity Insurance Plan Summary.
Costs vary for voluntary medical based on coverage tier and coverage level. To view rates for these benefits please review the costs in Workday as you enroll.