Supplemental Benefits
MRDA provides you the option to purchase supplemental life, disability, accident, critical illness, cancer, and hospital confinement indemnity insurance through Colonial Life.
Supplemental benefits help you fill gaps caused by coinsurance, deductibles, and out-of-pocket expenses that are not covered by your health insurance plan. Benefits are paid directly to you (unless specified otherwise) and coverage is available for you and your eligible dependents.
You may purchase:
- LIFE INSURANCE: Enables you to tailor coverage for your individual needs and helps provide financial security for your family members.
- DISABILITY INSURANCE: Replaces a portion of your income to help make ends meet if you become disabled from a covered accident or covered sickness.
- ACCIDENT INSURANCE: Helps offset unexpected medical expenses, such as emergency room fees, deductibles, and copays that can result from a fracture, dislocation or other covered accidental injury.
- CRITICAL ILLNESS: Supplements your major medical coverage by providing a lump-sum benefit you can use to pay the direct and indirect costs related to a covered critical illness.
- CANCER INSURANCE: Assists to offset the out-of-pocket medical and indirect, non-medical expenses related to cancer that most medical plans don’t cover. This coverage also provides a benefit for specified cancer-screening tests.
- HOSPITAL CONFINEMENT: Provides a lump-sum benefit per day you are confined to the hospital, including outpatient surgical and daily rehabilitation benefits.
For more information on your voluntary benefits or to apply for coverage, contact Human Resources.