Critical Illness Insurance
Receive financial support if you or a covered dependent is diagnosed with a serious medical condition. Voya administers Critical Illness Insurance.
Critical Illness Insurance is a voluntary benefit that supplements your medical and disability insurance. It pays a lump sum if you or a covered family member is diagnosed with a covered illness or condition, like a heart attack or stroke. The benefit amount depends on the nature of the illness/condition and the plan. Payments are made directly to you and can be used however you see fit.
Here’s a high-level overview of Critical Illness Insurance. For more information, go to Voya.
| Features | |
|---|---|
| Who You Can Cover | You may cover yourself, your spouse/domestic partner and/or dependent children. |
| What’s Covered |
Covered illnesses/conditions include heart attack, stroke, transplants, cancer, infectious disease, paralysis, advanced Alzheimer’s and more. Benefit payments can be used however you want (e.g., for everyday expenses, lost income, child care, deductibles, copays) and are paid in addition to any other coverage you may already have. |
| Benefit Amount |
The benefit amounts depend on the nature of the illness/condition and the plan you are enrolled in as follows:Low Plan:
High Plan:
You pay the full cost of Critical Illness Insurance through automatic, after-tax payroll deductions. See Critical Illness Insurance Premiums. |
| Wellness Benefit | If you or your spouse/domestic partner complete a health screening, you will each receive $50, payable once a year from Voya. Each child who completes a health screening will also receive $50. Learn More. |
| Filing a Claim | Once your coverage goes into effect, you can file a claim for covered illness/condition on the Voya website. |
| Portability (When you leave BMO) | If you leave BMO or retire, you can take your coverage with you. |
