Extra Financial Protection for Life's Unexpected Events
An unexpected illness, injury, or hospital stay can create out-of-pocket expenses and financial stress. UVM is offering voluntary supplemental insurance options that can provide additional financial protection when you need it most.
Beginning in 2027, eligible non-union employees and members of the New England Police Benevolent Association (NEPBA) will have access to the following voluntary benefits:
- Accident Insurance
- Critical Illness Insurance
- Hospital Indemnity Insurance
These plans are employee-paid and can be elected during Open Enrollment or a Qualifying Life Event.
How Voluntary Benefits Work
Voluntary benefits are designed to compliment your medical insurance coverage. If you experience a covered illness, injury, or hospital stay, the plan pays a cash benefit directly to you.
You can use the funds however you choose, including for:
- Medical deductibles, copays, or coinsurance
- Travel or lodging related to treatment
- Household bills and everyday expenses
- Childcare or other family needs during recovery
Benefits are paid regardless of what your medical plan covers, helping provide added financial security when unexpected health events occur.
Remember: Voluntary benefits are supplemental insurance plans and are not a substitute for comprehensive medical coverage. They are designed to provide additional financial protection when covered events occur.
Accident
Accident insurance provides benefits for covered injuries resulting from an accident.
Coverage Amounts
Cash benefits are based on the type of accident and include:
- Hospital Admission: $1,000
- ICU Admission: $2,000
- Daily Confinement Benefit: $200 / $400 for ICU confinement
Examples of Covered Injuries
- Broken bones
- Burns
- Concussions
- Cuts repaired by stitches
- Eye injuries
- Ruptured discs
- Sports accidents
- Torn ligaments
Organized Sports Benefit: If you are injured while participating in an organized sport, the plan provides an additional payment of 50% of the covered benefit amount, up to $2,000.
Monthly Premium Rates
| Coverage Level | Monthly Premium |
|---|---|
| Employee Only | $4.33 |
| Employee + Spouse | $8.77 |
| Employee + Child(ren) | $8.99 |
| Family | $13.43 |
Critical Illness
Critical Illness insurance provides a lump-sum cash benefit if you are diagnosed with a covered serious health condition.
Health Screening Benefit: You and your covered dependents can receive a $50 cash reward each year when you complete a required health assessment under the critical illness plan. This reward is paid once per year, per person.
Coverage Amounts
- Employee: $10,000
- Spouse: $10,000
- Child: $5,000
Examples of Covered Illnesses
- Cancer
- Coronary artery bypass graft surgery
- End-state renal (kidney) failure
- Heart attack
- Infectious diseases
- Major organ failure
- Stroke
Repeat Coverage: If you receive a benefit for a covered critical illness and later experience another qualifying covered condition, you may be eligible to receive an additional benefit equal to your full elected coverage amount
Monthly Premium Rates
| Age | Employee Only | Employee + Spouse | Employee + Child(ren) | Family |
|---|---|---|---|---|
| 18-24 | $2.90 | $5.80 | $3.90 | $6.80 |
| 25-29 | $3.40 | $6.80 | $4.40 | $7.80 |
| 30-34 | $4.20 | $8.40 | $5.20 | $9.40 |
| 35-39 | $5.20 | $10.40 | $6.20 | $11.40 |
| 40-44 | $7.00 | $14.00 | $8.00 | $15.00 |
| 45-49 | $8.90 | $17.80 | $9.90 | $18.80 |
| 50-54 | $10.50 | $21.00 | $11.50 | $22.00 |
| 55-59 | $12.60 | $25.20 | $13.60 | $26.20 |
| 60-64 | $15.20 | $30.40 | $16.20 | $31.40 |
| 65-69 | $23.30 | $46.60 | $24.30 | $47.60 |
| 70+ | $32.50 | $65.00 | $33.50 | $66.00 |
Hospital Indemnity Insurance
Hospital indemnity insurance gives you a lump-sum payment to help cover hospital expenses not covered by insurance or to pay for expenses while you, your spouse, or dependents are in the hospital.
Coverage Amounts
- Hospital admission: $600
- ICU admission: $1,200
- Daily confinement benefit: $100 / $200 for ICU confinement
Monthly Premium Rates
| Coverage Level | Monthly Premium |
|---|---|
| Employee Only | $5.69 |
| Employee + Spouse | $11.37 |
| Employee + Child(ren) | $12.22 |
| Family | $17.90 |