The Health Trust offers life insurance coverage, including Basic Life, Supplemental Life, and Dependent Life.  This coverage is administered by The Standard Insurance Company.

Basic Life

Basic Life insurance is available either with the Health Trust health insurance, or as a stand-alone plan. Employees enrolled in a Health Trust health insurance plan receive a Basic Life insurance benefit equal to one times their annual salary, at no additional cost to either the employee or the employer. Eligible employees who are not enrolled in a Health Trust health insurance plan (for example, because they have coverage through a spouse’s health insurance plan) may choose to enroll in “Life No Med”, which is the Basic Life insurance benefit, for a nominal monthly premium. The Basic Life insurance plan includes an equal amount of Accidental Death & Dismemberment (AD&D) coverage.

Retirees who continue coverage under any of the MMEHT Health Plans receive a Basic Life Insurance benefit of $2,000. An equal amount of Accidental Death & Dismemberment coverage is also provided, until the retiree’s 70th birthday. Accidental Death & Dismemberment coverage for retirees terminates at age 70. Learn more…

Supplemental Life

Supplemental Life insurance provides the eligible employee with a benefit equal to an additional one, two, or three times salary. Participants may purchase coverage equal to an additional one times salary without having to provide evidence of good health, provided they enroll when first eligible. Participants may elect to purchase supplemental coverage equal to two or three times salary; however, they will have to submit evidence of good health prior to being approved for such coverage. The Supplemental Life insurance plan includes an equal amount of Accidental Death & Dismemberment (AD&D) coverage. Learn more…

Dependent Life

Dependent Life insurance is available to active employees whose employer has elected to offer such coverage. Participants may purchase coverage for their eligible dependents (legal spouse and/or children), whether or not the dependents are covered under a Health Trust health Plan. There are two Dependent Life insurance options available to employees whose employer offers this coverage. Learn more…

 

Life Insurance Forms and Resources: