Supplemental medical plans provide cash payments in the event of a significant unexpected medical expense. You pay the full cost of coverage through after-tax payroll deductions. Be sure to consider your anticipated medical needs for the coming year — for example, a major surgery — when deciding if supplemental coverage is right for you.
MSI offers three different types of supplemental medical plans. You can choose any combination of the following:
Keep in mind
On their own, these plans don’t provide the minimum level of medical coverage needed to meet health care reform requirements. Rather, they’re intended to supplement the coverage provided by your medical plan.
Accident Insurance through Voya helps protect you from unexpected financial stress if you or a covered family member has an accident. It supplements your primary medical plan by providing cash benefits in cases of accidental injuries. You can use this money to help pay for medical expenses not paid by your medical plan (such as your deductible or coinsurance) or for anything else (such as everyday living expenses).
Benefits are paid:
- Directly to you, unless assigned to someone else
- In addition to any other coverage, like your primary medical plan
4-Tier coverage
- Employee Only
- Employee + Spouse/Domestic Partner
- Employee + Child(ren)
- Employee Family
You receive a cash benefit up to a specific amount for:
- Dismemberment
- Dislocation or fracture
- Initial hospital confinement
- Ambulance
- Medical expenses
- Outpatient physician’s treatment
The actual benefit amounts depend on the type of injuries you have and the medical services you need.
When a serious illness strikes, critical illness insurance through Voya can provide financial support to help you through a difficult time. It protects against the financial impact of certain illnesses, such as a heart attack, cancer, or stroke.
You receive a lump-sum benefit to cover out-of-pocket expenses for your treatment, to pay your coinsurance, or to take care of your everyday living expenses such as housekeeping services, special transportation services, and childcare.
Benefits are paid:
Directly to you, unless assigned to someone else
Choose from two benefit coverage options:
Employee coverage
- $30,000
- $15,000
Spouse and Child coverages are also available.
Even with a major medical plan, you may be responsible for deductibles and other out-of-pocket costs if you’re admitted to the hospital. Offered through Voya, the hospital indemnity plan can help offset your share of the cost associated with a covered sickness or accident.
Use this money to help cover hospital stays, including inpatient surgeries and treatments. The plan pays benefits in addition to any other insurance.
Benefits are paid:
- Directly to you, unless assigned to someone else
- As a lump sum or on a benefit schedule
4-Tier coverage:
- Employee Only
- Employee + Spouse / Domestic Partner
- Employee + Child(ren)
- Employee Family
Coverage details:
- $1,000 hospital admission and $200 daily hospital confinement benefit