Additional insurances
Prepare for the unexpected
To ensure you and your family are protected against life’s surprises, you may be eligible for a range of basic and voluntary insurance options.
MetLife Accident Insurance
Accident insurance, insured through MetLife, provides a lump-sum benefit in the event you or a covered family member require medical care as a result of a covered accident. This lump sum can help pay for additional expenses you may have as a result of your injury like out-of-pocket medical costs – such as deductibles, coinsurance and co-pays. Whatever you need while recovering from an accident or injury, accident insurance is there to make life a little easier.
You don’t need to be enrolled in a Reynolds medical plan or complete a health questionnaire to elect coverage, and your plan is portable, so this coverage can move with you – even if you leave the company.
Examples of covered injuries and services:
- Broken bones
- Cuts
- Stitches
- Burns
- Eye injuries
- Ambulances
- Medical equipment
- Physical therapy
- Hospital admission
An example of how this benefit can help you:
| Covered Event: Inpatient – Compound Leg Fracture | Benefit Payment |
|---|---|
Fracture (Open) |
$4,000 |
Ground Ambulance |
$400 |
Hospital Admission |
$1,500 |
Hospital Confinement (15 days per accident) – 3 days |
$900 ($300 x 3) |
Crutches |
$150 |
Physical Therapy (10x per accident) – 8 times |
$400 ($50 x 8) |
Physician Follow-up Visits (2x per accident) – 2 times |
$200 ($100 x 2) |
Total Benefits |
$7,550 |
$50 Monthly premiums
Premiums are the same for all employees, regardless of age. These are deducted from your payroll after tax, which makes any payments you receive tax free.
| Accident Coverage | Monthly Rates |
|---|---|
Employee Only |
$14.05 |
Employee & Spouse/Domestic Partner |
$28.10 |
Employee & Child(ren) |
$32.04 |
Employee, Spouse/Domestic Partner & Child(ren) |
$39.62 |
Health Screening Benefit
The plan also includes an annual Health Screening Benefit. You and each of your covered family members can receive $50 just for completing a preventive screening, such as a mammogram or annual physical.
Health screenings are an important part of managing your health and include routine medical, dental, eye or hearing exams, blood work, echocardiograms, mammograms, stress tests and cancer screenings, and many more.
You can find out more about this benefit, including the annual Health Screen Benefit, online.
Short-Term and Long-Term Disability plans
Disability Income Protection
If you’re absent from work because of a disability caused by a non-work related accident, surgery, pregnancy or personal illness, you may be eligible to receive benefits under the Short-Term Disability (STD) and Long-Term Disability (LTD) plans, which Reynolds provides to you at no cost.
Disability Buy-up
To give you added peace of mind, you may be eligible to purchase additional coverage through the Disability Buy-Up Plans, which provide an additional benefit of 16.66% of your base pay when your STD or LTD disability benefit is reduced to 50%. To find out your cost, log in to Alight at RAIBenefits.com.
Life and Accidental Death and Dismemberment (AD&D) insurance
While you’re employed at Reynolds, the company provides Basic Life insurance. You’re automatically provided with coverage in the amount of 1x your annual base pay ($50,000 minimum) at no cost to the employee.
The company also provides a separate benefit for accidental death or a covered dismemberment as a result of an accident. You’re automatically provided with coverage in the amount of 2x annual base pay, to a maximum of $500,000 ($50,000 minimum) through AD&D insurance.
Voluntary insurances
To give you added peace of mind, you can choose to purchase additional Life or Accidental Death and Dismemberment (AD&D) coverage. Your insurance is portable, meaning you can retain your coverage (and continue to pay required premiums) if you leave Reynolds.
Voluntary Group Universal Life Insurance
- Coverage of 1-5x your annual base pay (rounded up to the next $10,000), up to a maximum of $3,000,000.
- Coverage is in addition to your Basic Life coverage.
Voluntary Dependent Life Insurance
- Coverage up to a maximum of $250,000 (in multiples of $10,000) for your spouse/domestic partner.
- Coverage of $5,000 or $10,000 for eligible children (from age 14 to age 26).
Voluntary Accidental Death and Dismemberment (VAD&D)
- Coverage options include 1-5x your annual base pay (rounded up to the next $10,000), up to a maximum of $1,500,000.
- Coverage is in addition to your basic AD&D coverage.
- Option to purchase family coverage that pays a benefit based on a percentage of your coverage amount.
Find out more about these voluntary plans online, or contact Mercer Voluntary Benefits at 800-652-9512.
MetLife Critical Illness Insurance
Critical Illness Insurance, insured through MetLife, provides a lump sum payment if you, or a covered family member, experiences a critical illness.
You can pay for your coverage with after-tax dollars, meaning any payments you receive are tax free.
You can choose a coverage amount of $10,000, $20,000 or $30,000. Your covered spouse will receive the same level of coverage, while dependent child(ren) will be covered for 50% of your chosen benefit amount.
NEW for 2024: The Critical Illness Insurance plan includes a $50 Health Screening Benefit (HSB) for all covered members. If you’ve got coverage in both the Accident and Critical Illness plans, you can collect a $50 HSB, for both plans, using the same claim!
Examples of what the plan provides:
- 100% coverage for many conditions such as, but not limited to, advanced Alzheimer’s disease, coronary artery by-pass surgery, most types of cancer and major organ transplant.
- 25% coverage for many other conditions (see Covered Conditions for details of eligible conditions).
- No benefit suspension period for the first occurrence of a distinct covered condition or different illness.
- Maximum amount of 5x your benefit election could be paid.
Monthly premiums
| Attained age | Employee only | Employee + Spouse | Employee + Child(ren) | Employee + Family |
|---|---|---|---|---|
<25 |
$1.60 |
$2.50 |
$2.50 |
$3.30 |
26-29 |
$1.80 |
$2.70 |
$2.70 |
$3.60 |
30-34 |
$3.10 |
$4.50 |
$4.00 |
$5.40 |
35-39 |
$5.10 |
$7.30 |
$5.90 |
$8.20 |
40-44 |
$8.40 |
$12.10 |
$9.30 |
$13.00 |
45-49 |
$13.60 |
$19.50 |
$14.50 |
$20.30 |
50-54 |
$21.20 |
$29.80 |
$22.10 |
$30.70 |
55-59 |
$31.00 |
$43.40 |
$31.90 |
$44.20 |
60-64 |
$45.80 |
$63.60 |
$46.70 |
$64.50 |
65-69 |
$70.60 |
$97.50 |
$71.50 |
$98.40 |
70+ |
$105.40 |
$147.20 |
$106.30 |
$148.00 |
An Infectious Disease benefit provides a benefit of 25% of your elected amount if you are confined in a hospital as an inpatient for 5 consecutive days for treatment of many serious Infectious Diseases.
Auto, Renters’ and Home Insurance
You can choose to purchase Group Auto and Home Insurance coverage from Farmers GroupSelectSM. This program offers employee discounts, so you could save money.
You pay the full cost for this coverage, which is available for year-round enrollment. Call Farmers GroupSelectSM at 1-800-438-6381 to learn more and get a rate quote.
