Critical Illness Insurance provides an immediate, lump-sum benefit following the diagnosis of one of a number of specified diseases or conditions. This is a limited benefit policy and does not satisfy the requirement of minimum essential coverage under the Affordable Care Act. Employees can use the benefit as they see fit to help navigate back to health and to work.
Plan Type: Supplemental Health
Group Number: 70225-1
Eligibility: Active employees working 30 or more hours per week
Effective Date: 1st of the month after 30 days of continuous employment
Compass Critical Illness Plan Design
Multiple Payment Plan
A lump-sum benefit payment is available for each covered illness or condition. Coverage for the
insured person is exhausted (unless the restoration or recurrence riders are included). Coverage
would continue for other covered family members.
Compass Critical Illness Covered Conditions
Critical Illness Module
Heart Attack, Stroke, End Stage Renal (Kidney) Failure, Coronary Artery Bypass (25%), Coma, Major Organ Failure, Permanent Paralysis
Deafness, Blindness, Benign Brain Tumor, Occupational HIV
Multiple Sclerosis, Amyotrophic Lateral Sclerosis (ALS), Parkinson’s Disease, Alzheimer’s Disease, Multiple Sclerosis, Amyotrophic Lateral Sclerosis (ALS), Parkinson’s Disease, Alzheimer’s Disease, Infectious Disease
Cancer, Carcinoma In Situ (25%), Skin Cancer (10%)
Compass Critical Illness Riders
Spouse Critical Illness Rider
The Spouse Critical Illness Rider provides critical illness insurance for an eligible spouse. The Spouse Critical Illness Rider provides critical illness insurance for an eligible spouse. The employee must have coverage in order to include the Spouse Critical Illness Rider.
Children’s Critical Illness Rider
The Children’s Critical Illness Rider provides coverage for an employee’s eligible dependent children from birth to the termination age. One rider covers all eligible children. The Additional Child Diseases option allows employers to include coverage for each child for the following conditions diagnosed after the rider effective date: Cystic Fibrosis, Cerebral Palsy, Congenital Birth defects, Down Syndrome.
Wellness Benefit Rider
The Wellness Benefit Rider pays a benefit when a covered person has a health screening test.
The Recurrence Rider allows the covered person to receive a benefit for the same critical illness* or condition a second time. In order for the illness or condition to be covered a second time, it must occur after a defined period of consecutive months without the occurrence of any covered illness named in the certificate, including the illness for which the covered person received the first benefit payment. *Critical illness is known as specified disease in some states.
|Do I have to be enrolled in Medical insurance in order to participate in Critical Illness Insurance?||No – you do not have to be enrolled in the plan to purchase this benefit|
|Can I only cover my spouse and/or child(ren)?||No, in order for you to cover your spouse and/or child(ren), you must also cover yourself.|
|Is this coverage portable?||Yes, but rates may vary if you do elect to do so|