Optional Plans
Life Insurance
Eligible employees may elect Optional Life coverage in units of $10,000 to a maximum of $500,000. Dependent coverage is also available for a spouse/domestic partner in units of $10,000 to a maximum of $500,000 and for eligible children in units of $2,000 to a maximum of $10,000. Optional Dependent Life coverage cannot exceed 100% of the Employee Optional Life coverage.
If you are a new hire within your initial eligibility period or newly eligible for benefits, Optional Life enrollment has a guarantee issue amount of $200,000 for employee and $30,000 for spouse/partner coverage. Any requested amount in excess of the guarantee issue amount or requested at a later date such as during an Open Enrollment period, will be subject to medical underwriting approval. For more information about Optional Life please review the Group Optional Life Insurance brochure from Standard Insurance Company.
If you are a new hire within your initial eligibility period or newly eligible for benefits, Optional Life enrollment has a guarantee issue amount of $200,000 for employee and $30,000 for spouse/partner coverage. Any requested amount in excess of the guarantee issue amount or requested at a later date such as during an Open Enrollment period, will be subject to medical underwriting approval. For more information about Optional Life please review the Group Optional Life Insurance brochure from Standard Insurance Company.
Accidental Death & Dismemberment (AD&D) Insurance
By participating in the group Optional AD&D insurance plan through OEBB, your employer offers you an excellent opportunity to help protect your loved ones. With Optional AD&D coverage, you, your dependents or your beneficiaries as applicable may receive an AD&D insurance benefit in the event of death or dismemberment as a result of a covered accident.
You may elect coverage for yourself or elect coverage for yourself and your spouse/domestic partner and/or eligible children:
You may elect coverage for yourself or elect coverage for yourself and your spouse/domestic partner and/or eligible children:
- Employee in units of $10,000 from $10,000 up to a maximum of $500,000
- Spouse/Domestic Partner: Any multiple of $10,000 up to $500,000, but not to exceed the amount of the Employee coverage
- Children: Any multiple of $2,000 up to $10,000, but not to exceed the amount of Employee coverage
Disability Insurance
Short Term Disability (STD) and Long Term Disability (LTD) insurance is designed to pay a benefit to you in the event you cannot work because of a covered illness, injury or pregnancy. This benefit replaces a portion of your income, thus helping you meet your financial commitments in time of need.
Short Term Disability (STD)
STD insurance is designed to pay a weekly benefit to you in the event you cannot work because of a covered non-occupational illness or injury. This benefit is an income replacement insurance. Weekly benefit amount, calendar day waiting period, and benefit duration will depend upon the plan selected by your employing entity for enrollment.
Note: If enrollment is elected after you first became eligible or with a qualifying mid-year change event, you will be subject to a late enrollment penalty that if you file a claim for any condition other than an accidental injury during the first 12 months after your coverage becomes effective, STD benefits will not become payable until after you have been continuously disabled for 60 days and remain disabled.
Long Term Disability (LTD)
LTD insurance is designed to pay a monthly benefit to you in the event you cannot work because of a covered illness or injury. This benefit is an income replacement insurance. Monthly benefit amount and calendar day waiting period will depend upon the plan selected by your employing entity. Enrollment in LTD is mandatory for all employee groups for all groups at Northwest Regional ESD.
For complete STD and LTD policy coverage and exclusion information, please contact:
The Standard
1-866-756-8115
www.standard.com/mybenefits/oebb/
Short Term Disability (STD)
STD insurance is designed to pay a weekly benefit to you in the event you cannot work because of a covered non-occupational illness or injury. This benefit is an income replacement insurance. Weekly benefit amount, calendar day waiting period, and benefit duration will depend upon the plan selected by your employing entity for enrollment.
Note: If enrollment is elected after you first became eligible or with a qualifying mid-year change event, you will be subject to a late enrollment penalty that if you file a claim for any condition other than an accidental injury during the first 12 months after your coverage becomes effective, STD benefits will not become payable until after you have been continuously disabled for 60 days and remain disabled.
Long Term Disability (LTD)
LTD insurance is designed to pay a monthly benefit to you in the event you cannot work because of a covered illness or injury. This benefit is an income replacement insurance. Monthly benefit amount and calendar day waiting period will depend upon the plan selected by your employing entity. Enrollment in LTD is mandatory for all employee groups for all groups at Northwest Regional ESD.
For complete STD and LTD policy coverage and exclusion information, please contact:
The Standard
1-866-756-8115
www.standard.com/mybenefits/oebb/
Long Term Care Insurance
What is long term care?
Whether it’s due to a motorcycle accident or a serious illness, it is the type of care you may need if you couldn’t independently perform the basic activities of daily living: bathing, dressing, using the toilet, transferring from one location to another, continence and eating, or if you suffered severe cognitive impairment from a condition such as Alzheimer’s disease.
Won’t my other insurance pay for long term care?
Unfortunately, no.
Do I need to be in a nursing home to use my LTC insurance?
All Unum plans include a home health option. This allows you to use your benefit to pay for an aide to come to your home, so you can remain in your residence as long as possible. For an extra premium, some plans allow you to pay a family member or friend to take care of you.
Why buy now?
People often buy long term care insurance at an early age, because the younger you are, the more affordable the rates. In fact, 63% of the people who buy group LTC insurance are under age 55.
Additional help for caregivers
Even if you don’t need long term care in the immediate future, you may be a caregiver for someone you love. Your plan includes LTC Connect® service, which gives you access to counselors who can help you find long term care providers in your area, a support group, or other assistance you may need. This service also provides discounts for medical equipment such as walkers, hearing aids, wheelchairs, and other related needs. Your parents, grandparents, siblings and children may also apply for this coverage by contacting Unum.
For information about OEBB Long Term Care, please contact:
UNUM Life Insurance Company of America
1-800-227-4165
Whether it’s due to a motorcycle accident or a serious illness, it is the type of care you may need if you couldn’t independently perform the basic activities of daily living: bathing, dressing, using the toilet, transferring from one location to another, continence and eating, or if you suffered severe cognitive impairment from a condition such as Alzheimer’s disease.
Won’t my other insurance pay for long term care?
Unfortunately, no.
- Medical insurance and Medicare are designed to pay for specific care for acute conditions — not for long term help with daily living.
- Medicaid only helps with long term care expenses after you have depleted virtually all of your assets.
Do I need to be in a nursing home to use my LTC insurance?
All Unum plans include a home health option. This allows you to use your benefit to pay for an aide to come to your home, so you can remain in your residence as long as possible. For an extra premium, some plans allow you to pay a family member or friend to take care of you.
Why buy now?
People often buy long term care insurance at an early age, because the younger you are, the more affordable the rates. In fact, 63% of the people who buy group LTC insurance are under age 55.
Additional help for caregivers
Even if you don’t need long term care in the immediate future, you may be a caregiver for someone you love. Your plan includes LTC Connect® service, which gives you access to counselors who can help you find long term care providers in your area, a support group, or other assistance you may need. This service also provides discounts for medical equipment such as walkers, hearing aids, wheelchairs, and other related needs. Your parents, grandparents, siblings and children may also apply for this coverage by contacting Unum.
For information about OEBB Long Term Care, please contact:
UNUM Life Insurance Company of America
1-800-227-4165
Flexible Spending Account (FSA)
American Fidelity offers Flexible Spending Accounts (FSAs) as a valuable benefit for Northwest Regional ESD employees. These accounts allow members to save money by paying for qualifying expenses with pre-tax dollars.
Types of Flexible Spending Accounts (FSAs) Offered by American Fidelity:
Healthcare Flexible Spending Account
A Healthcare Flexible Spending Account (FSA) is a pre-tax benefit account used to pay for eligible medical, dental, and vision care expenses that aren't covered by your insurance plan or elsewhere. These healthcare expenses can be incurred by you, your spouse/domestic partner, and/or your dependent children. It's a smart, simple way to save money while keeping you and your family healthy and protected.
HSA-Compatible Flexible Spending Account
If you're enrolled in a qualified high-deductible health plan* and have an HSA (Health Savings Account), you can maximize your savings with an HSA-Compatible FSA. This pre-tax benefit account helps you save on this plan year's eligible out-of-pocket dental and vision expenses while taking advantage of the long-term savings power of an HSA.
*OEBB plans that qualify as a high-deductible health plan are Kaiser Medical Plan 3 and Moda Health Medical Plan 6.
Dependent Care Flexible Spending Account
A Dependent Care Flexible Spending Account is a pre-tax benefit account used to pay for dependent care services, such as preschool, summer day camp, before or after school programs, and child or elder daycare. A Dependent Care FSA is a smart, simple way to save money while taking care of your loved ones so that you can continue to work.
Note: This type of account is NOT used to pay for healthcare expenses incurred by your dependents. Pre-tax savings for healthcare expenses, whether incurred by you or your dependents, would be put into a Healthcare Flexible Savings Account as shown above.
For more information on Flexible Spending Accounts, please visit http://americanfidelity.com/for-individuals/flexible-spending-accounts/health-flexible-spending-accounts.aspx
Types of Flexible Spending Accounts (FSAs) Offered by American Fidelity:
Healthcare Flexible Spending Account
A Healthcare Flexible Spending Account (FSA) is a pre-tax benefit account used to pay for eligible medical, dental, and vision care expenses that aren't covered by your insurance plan or elsewhere. These healthcare expenses can be incurred by you, your spouse/domestic partner, and/or your dependent children. It's a smart, simple way to save money while keeping you and your family healthy and protected.
HSA-Compatible Flexible Spending Account
If you're enrolled in a qualified high-deductible health plan* and have an HSA (Health Savings Account), you can maximize your savings with an HSA-Compatible FSA. This pre-tax benefit account helps you save on this plan year's eligible out-of-pocket dental and vision expenses while taking advantage of the long-term savings power of an HSA.
*OEBB plans that qualify as a high-deductible health plan are Kaiser Medical Plan 3 and Moda Health Medical Plan 6.
Dependent Care Flexible Spending Account
A Dependent Care Flexible Spending Account is a pre-tax benefit account used to pay for dependent care services, such as preschool, summer day camp, before or after school programs, and child or elder daycare. A Dependent Care FSA is a smart, simple way to save money while taking care of your loved ones so that you can continue to work.
Note: This type of account is NOT used to pay for healthcare expenses incurred by your dependents. Pre-tax savings for healthcare expenses, whether incurred by you or your dependents, would be put into a Healthcare Flexible Savings Account as shown above.
For more information on Flexible Spending Accounts, please visit http://americanfidelity.com/for-individuals/flexible-spending-accounts/health-flexible-spending-accounts.aspx
