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Introducing: Accident Indemnity Plus

Accident Indemnity Plus 

Offers supplemental coverage for accidents, injuries, ambulance services, accidental death, and more. Like our current accident plan, protection goes beyond basic health coverage and helps cover  deductibles and other services your standard health care coverage may not provide.
Offering three levels of coverage, the plan provides flexibility and choice. There is no limit to the number of accidents payable per year (maximums may apply to specific benefits).  Coverage starts at zero with each new accident and benefits pay in addition to any coverage in place.  
Accidents vary greatly by type and severity. Accident Indemnity Plus provides specific coverage amounts based on the differing care and treatment required. We provide the insured with a wide variety of embedded  benefits. In addition, the base benefit covers you on AND off the job!

 

accident indemnity plus base coverage

 

We also offer five additional Optional Benefits:

Well-Being, Loss of Work, Youth Organized Sport, Catastrophic Accident, and Employer Facility Benefit.

At ManhattanLife, we understand employers have very different and specific employee needs.  Accident Indemnity Plus is a plan that accounts for multiple types of accident scenarios at an affordable and highly competitive rate.  Our three level policy option allows your groups to select coverage that best suits their needs.  We will continue to sell our unique and robust Accident Reimbursement Plus product as well, providing our partners options to meet the needs of employer groups.  

Please contact your sales associate today or email us at VBSales@ManhattanLife.com to learn more about our exciting plan!  

 

The Insurance coverage provided under the policy does not constitute comprehensive health insurance coverage (often referred to as “major medical coverage”) and does not satisfy the requirement of minimum essential coverage  under the Patient Protection and Affordable Care Act. This is not a complete disclosure of plan qualifications and  limitations. Please review this information before applying for coverage. For a complete list of exclusions, please visit Disclosure.Manhattanlife.com. The benefitsprovided depend on the plan selected and premiums vary according to the selection made.

 

 


medicare annual election period calendar

What the 2020 Medicare Annual Election Period (MAEP) Means for You

What is the Annual Election Period?

Also called Fall Open Enrollment, the Medicare Annual Election Period is one of two important periods for individuals eligible for Medicare. Eligible individuals can:

- Enroll in Medicare Advantage
- Switch Medicare Advantage Plans, or
- Disenroll from Medicare Advantage altogether and return to Original Medicare

If you return to Original Medicare, you are eligible for supplemental coverage.

When is the Annual Election Period?

The Annual Election Period runs from October 15th to December 7th.

Deciding on Supplemental Coverage

Medicare Supplement plans, also known as Medigap plans, can take the place of a Medicare Advantage plan. Medicare Supplement plans are meant to cover healthcare costs and services that Original Medicare does not cover, including co-payments, coinsurance, and deductibles.

Why a Medicare Supplement Plan Could be Right for You

  • Healthcare providers that accept Medicare will accept Medicare Supplement plans
  • No networks, no HMOs, no PPOs, no referrals required for doctors or specialists
  • Generally, no co-pays when services are rendered
  • Medicare Supplement plans are government standardized, so you can compare prices from
    one company to another and know coverage is the same
  • Policies are “Guaranteed Renewable” – as long as you pay your premium, you cannot lose
    your coverage
  • Your Medicare Supplement plan travels with you if you move to another city or state
  • Few limitations and no “hidden” costs related to co-pays and/or deductibles
Remember that with MACRA, certain plans are no longer available for those eligible for Medicare ON or AFTER January 1, 2020.

For information on the products ManhattanLife offers, visit Medicare Supplement Plans for seniors.


doctor checkup checklist notepad and pencil

Checkup Checklist - Get the Most Out of Your Next Doctor's Appointment

Checkup Checklist – What to take with you to your next doctor’s appointment.

Planning your next doctor’s appointment? Creating a checkup checklist before the appointment can help you get the most out of your visit.

Check your Coverage

  • See what your insurance covers when it comes to doctor’s visits and other costs. If you want to help keep those expenses down, an Affordable Choice plan from ManhattanLife can help! A few benefits from our Elite Plus plan include:
    • 10 doctor’s visits per calendar year at $100 per day
    • $75 per day benefit for prescription drugs
    • $100 per preventative service
    • $100 calendar year maximum for allergy shots and immunizations for covered insureds 18 years old and younger

Current Conditions and Family History

  • Have any of your close relatives developed any new conditions or disease? Have any of your close relatives been diagnosed with a condition or disease in the past? If so, let your doctor know as some conditions/diseases can run in families.

Screenings/Vaccinations

  • “Are there any screenings or vaccinations I need?” Ask about recommended screenings/vaccinations based on your age, general health, family history, or lifestyle. If you’re taking your child, make sure they’re on track with their recommended vaccines.

Catalog Your Questions

  • Write down any questions or concerns you have about your current health - new moles or lumps, pain, dizzy spells, or fatigue, depression, anxiety, trauma, distress, or trouble sleeping.

Eating Habits

  • “What should or shouldn’t I be eating?” Ask about what foods and eating habits can help manage weight, blood pressure, cholesterol, or any other health issues.

Treatment Tell-All

  • Ask why your doctor is recommending a medication or type or treatment and any questions about side effects. Don’t be afraid to bring up questions or concerns about current medications and treatments.

Consider the Future

  • “How do I get started with x, y, z?” Bring up any concerns or goals you have, which could include infertility treatment, losing weight, taking a hazardous job, or quitting smoking.

Reliable Resources

  • “Where can I learn more about x, y, z?” Ask your doctor for reliable resources on your health conditions or to address your health concerns. Searching the internet without good direction can get you only so far.
  • Think of your appointments as part of a path towards managing your health. Set goals for yourself that bridge this appointment to the next like keeping your cholesterol down or lowering it by the next appointment.

Follow-Ups

  • “Do I need to come back sooner than next year?” If your doctor doesn’t mention a follow-up first, ask if you need to come back before the next annual appointment.

With four plans to choose from and options for individuals and families, you can find the coverage and benefits that best work for you.

Product Information: Hospital Indemnity - Hospitalization Insurance

FAQ: Affordable Choice FAQ

This checkup checklist is based on information from the CDC and UPMC. 


manhattanlife quick case voluntary benefits

Voluntary Benefits: Introducing Quick Case

What is Quick Case?

Quick Case is a powerful, turnkey solution for adding the most popular group voluntary benefits product offerings on a guarantee issue basis for small business employees and their families. ManhattanLife is also keeping the administration services simple to help you deliver added value with implementation in five business days.

Quick Case product offerings are positioned to help employees address commonly unmet financial needs and offer an excellent complement to other employer-sponsored health and wellness initiatives.

For groups with 10+ eligible employees, Quick Case can include any of the following group plans (If Accident is sold as the only offer, then case size may decrease to 2 employees):

•Accident

•Critical Illness

•Hospital Indemnity

•HI+ Plus

•Level Term Life

Quick Case Highlights

•Simplified enrollment - electronic or paper form solutions.

•Free call center solution through the ManhattanLife Benefit Center.

•Minimum of only 5 applications per product (Accident requires only 2 applications).

•All group products.

•Guarantee Issue - NO Underwriting!

•Well-Being Benefit built-in to many of the product offerings, which includes a health screening and lifestyle rewards program.

Dedicated Sales Team

Contact your ManhattanLife sales representative or email us at VBSales@manhattanlife.com to learn more about this exciting program and how we can help enhance your employer groups!

You can also visit our Quick Case - Voluntary Benefits page.


voluntary benefits open enrollment covid-19

Voluntary Benefits: Enrollment Call Center & COVID-19

ManhattanLife continues to stand by you during these difficult times.

COVID-19 has created unforeseen circumstances. Employers need to provide safe and simple benefit enrollment solutions without compromising the health and well-being of their employees. Balancing this, along with the human touch, to deliver desperately needed enrollment guidance can go a long way in providing the peace of mind employees are entitled to,  regardless of the benefits offered. Telephonic Enrollment Call Centers can help meet the needs of employer groups by providing a remote and flexible way to communicate, educate and enroll benefits.

What are some advantages of Telephonic Enrollment?

  • A Telephonic Enrollment Call Center becomes an extension of the employer’s HR team and can reduce the time spent by Human Resources fielding benefit related inquiries.
  • Allows all parties involved to maximize awareness, maximize participation and maximize results.
  • Telephonic enrollment complements self-service enrollments while enhancing the employer’s investment in technology.
  • Available during open enrollment and for new hire/on-boarding strategies throughout the year.
  • Toll free access provides employees the convenience of enrolling from home or work.
  • Inbound or outbound options are available, often with online or mobile scheduling.
  • Accommodates spouse’s availability.
  • Delivers flexible hours to meet the needs of the client and employees.
  • HIPAA compliant technology provides a convenient and paperless process with voice stamp signatures, client specific reporting and enrollment issue tracking.
  • Multilingual services are available to support clients with diverse populations.
  • All calls are handled in the US and are not routed to other countries.
  • Professionally trained benefit counselors in all 50 states have a vast knowledge of core and voluntary benefits.
  • Telephonic enrollment services can accommodate a broad range of group sizes.

ManhattanLife partners with many Telephonic Enrollment Call Centers. Our goal during this challenging time is to provide our valued agents and partners with solutions that meet the unique needs of their clients.

Contact your ManhattanLife representative today and ask how Telephonic Enrollment can help you!


voluntary benefits whole life covid-19

Voluntary Benefits: Whole Life and COVID-19

ManhattanLife continues to stand by you during these difficult times.

COVID-19 has created unforeseen circumstances. Should the unexpected occur, a ManhattanLife Whole Life plan can help provide for your family's financial future.

A ManhattanLife Whole life plan provides permanent life insurance to be used as a death benefit or a living benefit.

  • Guarantee Issue available.
  • Coverage is individually owned.
  • Unlike term life plans, whole life premiums never increase.
  • Cash value accumulates at a guaranteed rate on a tax deferred basis and may be taken out for any reason.*
  • Coverage can be taken into retirement years, providing a lifetime of protection.
  • In the event of a layoff or furlough, the automatic premium loan feature can be utilized to pay premiums.
  • Policyowners may cancel the policy and receive accumulated cash value with no surrender charge.*

What Whole Life Includes

ManhattanLife’s competitive Whole Life product offers:

  • Accelerated Death Benefit for Terminal Illness pays 50% of face value upon diagnosis.
  • Facility Care Acceleration Benefit pays a percentage of the death benefit while living.*
  • Stand-alone policies available for spouse and children.

*Cash Value begins accruing after the policy has been in force for a minimum of 3-5 years, depending on age, benefit, and tobacco status.

**Benefit is triggered by spending 30 consecutive days in a nursing home, assisting living facility, or adult day care facility (coverage may not be available in all states and varies by state).

Additional Benefits

  • Employees working fewer than 40 hours per week can qualify for benefits.
  • Paid up at age 65 available **

**With a Whole Life 65 policy

Optional Riders to Increase Protection

  • Loss of Work – waives the premium for authorized strikes, lockouts, layoffs, furloughs, or job eliminations.
  • Waiver of Premium – Employees don’t have to pay premiums if they become totally disabled.
  • Accidental Death and Dismemberment –provides up to $100,000 of coverage if cause of death is an accident. ***
  • Employer Level Term to Age 65 – provides guaranteed, level coverage that remains as an additional death benefit until the employee turns 65.

***As a result of loss of sight, comas, occupational assaults, paralysis and more

Get the Facts

Even though 86 percent of consumers agree that most people need life insurance, only 60 percent of Americans report actually having life insurance.1

 

Benefits and riders may vary by state and may not be available in all states. This is not a complete disclosure of plan qualifications and limitations. Please access our website to obtain a completed list for the Voluntary Benefit product at Disclosure.ManhattanLife.com. Policy M-8013

“2016 Insurance Barometer Study,” LIMRA, 2016


voluntary benefits disability income covid-19

Voluntary Benefits: Disability Income Plus and COVID-19

ManhattanLife continues to stand by you during these difficult times.

 

COVID-19 has created unforeseen circumstances. Injuries and illnesses often strike without warning, but disability plans can help. If you are totally disabled and unable to work, this benefit can be used to cover daily living expenses like mortgage payments, groceries, car payments, caregivers, or college tuition.

ManhattanLife Disability Income Plus Benefits:

•Pay a monthly indemnity benefit directly to employees.

•Employee selectable coverage up to 60% of income.

No Offsets - Supplemental coverage with no coordination of benefits with medical plans or other disability coverage.

Fixed Benefit Amount - your monthly benefit amount is determined at the time of application. Therefore, you will be paid your monthly benefit amount, regardless of your current salary, at time of claim.

Partial Disability - If you recover from being sick but are only able to work part time, this benefit covers you up to an additional six months.

•Convenient automatic payroll deduction.

Optional Benefits

ManhattanLife’s disability plan offers optional benefits to complement any employer-sponsored disability benefit:

•Our COBRA Rider reimburses health insurance premiums for only pennies per week in the event you lose your job.

Waiver of premium - employees will not have to pay premiums if they become totally disabled.

Sickness Elimination Period (EP) Waiver -If you are hospitalized while satisfying your sickness elimination period, the balance of your EP is waived.

•Ability to remove the mental/emotional exclusions from benefits.

Physical therapy benefits for medically necessary treatments.

Intensive care unit / cardiac care unit coverage.

Guarantee Issue coverage available through Underwriting at no additional cost.

Loss of Work - if you are furloughed or laid off for longer than 30 days, your premiums will be waived for up to six months.

How Disability Income Plus Can Help*

•In January of 2019, you purchased a ManhattanLife Disability Income Plus policy with a 60% income replacement monthly benefit of $2,000, a 14/14 day elimination period, and a Sickness Waiver of Elimination Period. You also purchased a benefit period of six months with a Loss of Work Rider.

•On March 1 of 2020, you are laid off from work.

•On April 1, your Loss of Work benefit kicks in and your premiums are waived.

•On April 1, you diagnosed with COVID-19. You become sick and are unable to work. You file a claim. You spend 8 days at home and become hospitalized due to complications.

•You meet the definition of total disability and your claim is approved.

ManhattanLife will waive the balance of your EP and begin benefit payments. You will receive a monthly benefit of $2,000, even though you are no longer receiving any salary – AND your premiums are waived for up to six months.

*The above example is only an illustration. Benefits vary by employer and employee selections and by state.

Get the Facts

»Approximately 22 percent of Americans have less than $100 in savings to cover an emergency, while 46 percent have less than $800. 

»Just over 1 in 4 of today’s 20-year-olds will become disabled before they retire.

 

Benefits and riders may vary by state and may not be available in all states. This is not a complete disclosure of plan qualifications and limitations. Please access our website to obtain a completed list for the Voluntary Benefit product at Disclosure.ManhattanLife.com. Policy M-8014

1. “76 percent of Americans Are Living Paycheck to Paycheck,” CNN Money, June 2013. 

2. “The Facts about Social Security’s Disability Program,” U.S. Social Security Administration, June 2016.

 


voluntary benefits hospital indemnity covid-19

Voluntary Benefits: Hospital Indemnity and COVID-19

ManhattanLife continues to stand by you during these difficult times.

COVID-19 has created unforeseen circumstances. Should a policyholder be hospitalized, we want to highlight how our Voluntary Benefits hospital plans can help. Hospital Indemnity and HI+Plus (our 4-in-1 program of accident, critical illness, hospital indemnity, and wellness), can help offset the cost of hospital stays from unforeseen events.

Hospital Indemnity plans are designed to protect against financial exposure from medical coverage, like a high deductible health plan. Benefits are paid directly to the insured and can help pay for everyday living expenses. Some additional features of the Hospital Indemnity plan are as follows:

  • Pays employees a lump-sum benefit when they are hospitalized, in addition to any other existing coverage, including medical plans.
  • The insured can use benefits to pay medical bills and cover everyday expenses.
  • Optional benefits include emergency room coverage, doctors' visits, and other riders. With over 18 riders from which to choose, there are options to meet any employer needs.
  • Optional Well-being Benefit provides cash payouts for making better lifestyle choices, such as wellness screenings or enrolling in a lifestyle reward program to help with weight loss, tobacco usage, chronic conditions, and more.
  • Optional guaranteed issue where no health exam is required to qualify. Convenient automatic payroll deduction.

The average cost of a six-day Covid-19 hospital stay for a person with medical coverage is about $38,000*. Insured’s will be responsible for some of that cost, depending on whether they have an HDHP or a PPO with co-pays.

Sample Payout

Based on a 3-day hospital stay with the 1st Hospital Admission benefit and Emergency Care rider

Benefit Type Benefit Amount Paid
Hospital Indemnity $200 per day $600
1st Hospital Admissions $500 $500
Emergency Care Rider $100 per day $100
TOTAL   $1,200

 

 

 

 

 

Hospital Indemnity FAQ

QUESTION:

What happens if I get COVID-19 and I need to seek emergency treatment?

ANSWER:

There is an optional Emergency Room Rider available that may be added to the policy. Emergency Treatment must be provided at Hospital Emergency Room or an Urgent Care Facility. We will even consider an outpost of the Emergency Room and Urgent Care Facility as a covered provider during this crisis.

QUESTION:

What if I am hospitalized?

ANSWER:

Basic coverage provides a benefit of $100-$1000 per day for up to 30 days of confinement in a hospital. A minimum stay of 18 hours on day one is required to meet the first day’s requirement. There is an optional one time First Admission Rider available from $100 to $2,000 available per calendar year.

QUESTION:

What if my condition is serious and I need to stay in the Intensive Care Unit?

ANSWER:

There is an optional ICU/CCU/Burn Unit Rider available that pays two times the selected hospital indemnity benefit when a covered person is confined to an intensive care unit for a maximum of 30 days per calendar year.

QUESTION:

I have a $200 hospital confinement benefit with a $400 ICU benefit. I am admitted to the hospital for two day, move to the ICU for ten days, then return to a standard hospital room for an additional two days, what benefit would I receive?

ANSWER:

4 days of regular room = $800
10 days of ICU PLUS 10 Days of hospital confinement = $6,000                  
TOTAL $6,800


Benefits and riders may vary by state and may not be available in all states. This is not a complete disclosure of plan qualifications and limitations. Please access our website to obtain a completed list for the Voluntary Benefit product at Disclosure.ManhattanLife.com. Policy M-8019

 

*https://www.cnbc.com/2020/04/01/covid-19-hospital-bills-could-cost-ninsured-americans-up-to-75000.html Uninsured Americans could be facing nearly $75,000 in medical bills if hospitalized for coronavirus.


hospital indemnity insurance with karis360 and teladoc

Hospital Indemnity Insurance - How Teladoc and Karis360 Work for You

ManhattanLife's Hospital Indemnity Insurance and Sponsored Benefits

As part of ManhattanLife’s efforts to provide efficient, accessible, and affordable care, our Hospital Indemnity Insurance products, Affordable Choice and Central Choice, offer two sponsored benefits: Teladoc and Karis360.

Teladoc and Karis360 are included in your total premium and help reduce your out-of-pocket costs before, during, and even after your medical need - whether it's a routine checkup or an emergency

What is Teladoc?

Before there’s a medical emergency, you can use Teladoc, a modern-day house call. Board-certified physicians are available anytime, anywhere for personalized, secure web or phone-based consultations. Teladoc connects you with a doctor licensed in your state or province when you request a visit.

Members can use 24/7 Physician Consultations:

  • For common, acute conditions that can be treated without a face-to-face visit (may include sinus problems, respiratory infections, allergies, flu symptoms, rashes)
  • From anywhere – at home, at work, or on the road
  • After hours – evenings, weekends, or holidays
  • When they cannot reach their primary care physician

Product Highlights

  • Visit Fee is $0.00
  • Convenient consultations anytime
  • Reduces claims costs for benefit plans and saves members time and out-of-pocket costs
  • Offers a fast, affordable alternative for minor medical problems and health issues
  • All physicians are licensed, board-certified, and based in the U.S.

Your doctor will diagnose your symptoms and provide treatment, which may include a prescription. **

What is Karis360?

Karis360 is a service that’s meant to make navigating healthcare easier. Policyholders can use Karis360 to save on out-of-pocket expenses, find doctors, search and compare facilities, providers, and prescription costs, as well as many other medical services. ***

With Karis360, you’ll have access to 3 services:

Karis Bill Negotiator

  • Negotiates directly with providers and collection agencies to try and reduce medical bill balances
  • Works with providers to develop payment plans

Karis Healthcare Navigator

  • Provides each member a personal, expert advisor to address healthcare-related questions and concerns
  • Services include, but are not limited to:
    • Physician and healthcare facility searches
    • Prescription costs search
    • Health cost estimates
    • Alternative medicine
    • Laboratory and imaging services
    • Elder care solutions
    • Appointment scheduling

Karis Surgery Saver

  • Helps members when a non-emergency surgical procedure is being considered
  • Specialized Advisors provide cost, quality, and availability comparisons of up to 5 facilities in the area

To learn more about our Affordable Choice product and what it covers, check out our Affordable Choice FAQ

*Teladoc and Karis360 benefits are not included in the Child Only Policy option

**Teladoc does not guarantee prescriptions. It is up to the doctor to recommend the best treatment. Teladoc doctors do not issue prescriptions for substances controlled by the DEA, non-therapeutic, and/or certain other drugs that may be harmful because of their potential for abuse.

***Karis360 is not insurance and does not provide funds to pay for bills. This is a best-efforts service and results cannot be guaranteed.


For more information on these sponsored benefits, visit Manhattanlife's Hospital Indemnity Insurance.


retirement facts part 4

Retirement Facts - Part 4

This week we’re here with the final part of our Retirement Facts series. We covered the largest reported wealth segment in Part 3, and this week we’re covering the smallest reported wealth segment – “mega-millionaire.”

The Institute defines high-net-worth as assets of $3.5 million or more. Of the total 125,981,701 households the Institute surveyed in 2017, 2% of them fell into this “mega-millionaire: $3.5m or more” wealth segment.

That’s 1,991,343 million households total – as compared to the 85,392,092 million households in the low-net-worth: under $100k segment.

As a reminder, non-financial assets include vehicles, other residential property excluding primary residence, equity in non-residential property, business equity, and other assets. Net worth is the sum of assets (what is owned) minus liabilities (what is owed).

Of the 1,991,343 households counted in this section, 430,332 households were partially retired and 642,852 million were fully retired.

Partially retired households had an average of:

  • $8,884,235 in financial assets
  • $6,123,186 in non-financial assets
  • $910,863 in debt
  • net worth

The average debt for partially retired households was almost 4 times more than the average financial assets.

Fully retired households had an average of:

  • $9,814,950 in financial assets
  • $3,566,346 in non-financial assets
  • $467,750 in debt
  • net worth

The average debt for fully retired households was around 2.5 times more than the average financial assets.

Age Demographics:

Aged 35 or Younger

Average financial assets at $9,604,425

Least in average non-financial assets at $4,454,114

Most in average debt at $2,213,573

Least in average net worth at $13,956,359

Aged 36 to 49

Most in average financial assets at $12,524,944

Most in average non-financial assets at $10,998,230

Second highest average debt at $1,967,355

Highest average net-worth at $21,931,783

Aged 50 to 59

Least in average financial assets at $9,128,513

Second highest average non-financial assets at $8,710,548

Third in average debt at $781,246

Second highest average net-worth at $17,259,640

Aged 60 to 69

Average financial assets at $10,103,825

Average non-financial assets at $6,426,353

Lowest average debt at $537,053

Average net-worth at $16,207,819

Aged 70 or Older

Average financial assets of $10,219,365

Average non-financial assets of $6,720,932

Average debt of $745,755

Average net-worth of $16,632,874

Debt

Overall, 65% of partially retired households (279,179) and 42% of fully retired households (272,479) had some type of debt. The average amount of debt for partially retired households landed at approximately $910,863 – nearly twice as much as average for fully retired households, $467,750.

The four main types of debt are mortgage, credit card, student loan, and vehicle loan debt.

Mortgage Debt

45% (193,974) of partially retired households had mortgage debt, with an average debt amount of $358,113.

33% (204,128) of fully retired households had mortgage debt, with an average debt amount of $334,164.

Credit Card Debt

3% (13,191) of partially retired households had credit card debt, with an average debt amount of $136,013.

7% (43,569) of fully retired households had credit card debt, with an average debt amount of $4,263.

Student Loan Debt

No partially retired households had student loan debt.

1% (8,976) of fully retired households had student loan debt, with an average debt amount of $8,755.

Vehicle Loan Debt

17% (73,585) of partially retired households had vehicle debt, with an average debt amount of $29,770.

5% (31,084) of fully retired households had vehicle debt, with an average debt amount of $43,770.

 

You can go back and compare this smallest but richest wealth segment to the largest but poorest wealth segment covered in Part 3 of our Retirement Series.


 
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