What you need to know
Voluntary supplemental insurance can offer an added layer of financial protection for serious accidents and illnesses. Your medical plan insurance is your primary source for comprehensive coverage for the care you need to stay healthy or to treat an injury or illness. But, when you’re sick or injured, you may also need help with other expenses, like child care, groceries, everyday household bills, or even the associated costs of travel for medical treatments. That's where supplemental benefits can step in.
What if you had to cover unplanned out-of-pocket costs due to illness or injury?
BAE Systems has partnered with Cigna to offer voluntary supplemental group coverage to help you pay out-of-pocket expenses that your medical pan insurance doesn't cover. The supplemental coverage options can be paired with your medical plan (whether that is a BAE Systems medical plan or coverage under a spouse's or partner's plan), and there are no in-network restrictions.
There are three plans available
Accidental Injury insurance
If you have an accident-related injury, like an ankle sprain or arm fracture, this coverage is designed to provide you with a lump-sum payment to use for what you need.
A basic option or enhanced option are available. Option details and costs are shown when you enroll on BenefitsNavigator. To learn more about Accidental Injury insurance, view the FAQs and watch this video.
Hospital Care insurance
If you need to be admitted to a hospital due to a covered injury or illness, this insurance can provide a lump-sum payment plus a payment for each day of your stay. This plan covers hospitalization due to an accident, sickness, and childbirth.
A basic option or enhanced option are available, as shown when you enroll on BenefitsNavigator. To learn more about Hospital Care insurance, view the FAQs and watch this video.
Critical Illness insurance
If you’re diagnosed with a covered condition, such as cancer, a heart attack, or stroke, this insurance can provide a lump-sum cash benefit directly to you. In addition, a $50 wellness incentive is paid per covered person for health screenings or diagnostic tests completed during the calendar coverage year. Eligible screenings include, but are not limited to, mammograms, blood tests, and X-rays.
Two coverage levels are available: an “up to $15,000” option or an “up to $30,000” option. Benefit details and age-based costs are shown on BenefitsNavigator. To learn more about Critical Illness insurance, view the FAQs and watch this video.
Enrolling
Consistent with our medical plan elections, you can only enroll in these supplemental benefits during Annual Enrollment.
You can also enroll in these plans if you have a qualified life event during the year.
Coverage options and costs
You pay 100% of the cost of each of the supplemental insurance benefits you elect. Your monthly cost depends on your age, the options you choose, and the age of your dependents, if you choose to enroll them. Costs will be deducted from your pay on an after-tax basis. In addition, your costs will be higher if you are a smoker.
You can learn more about the costs of these supplemental benefits as you step through the enrollment process on the BenefitsNavigator website.
Key features to consider
- It’s your choice. You can waive this optional insurance or enroll in just one plan, or two or more. There is no requirement to enroll in this coverage.
- Supplement your medical plan. Benefits for covered conditions and approved claims are paid in addition to your medical plan coverage. These plans are NOT medical insurance.
- Plans are 100% employee paid. You must pay for these plans with after-tax payroll deductions, so the benefits you receive are not taxed when a claim is paid.
- Benefits are flexible. Once a claim is approved, you can use the funds you receive however you want: medical bills, mortgage or rent, child care, groceries, etc.
- Convenient ways to file a claim. You can submit your claim to Cigna online or by phone, email, fax, or mail. For more details and forms, visit Cigna.
- In some cases, Cigna will contact you if you experience a qualifying claim. For example, if you are enrolled in a BAE Systems Cigna medical plan and elected Critical Illness coverage, Cigna will automatically remind you to submit your eligible Critical Illness insurance claims.
Why consider supplemental benefits?
This coverage might be a good choice for you if:
- You plan to have an elective surgery next year, like a joint replacement.
- Your kids play sports that could put them at risk for an injury.
- You or your spouse expects to deliver a baby in a hospital.
- You want to keep and grow money in your Health Savings Account (HSA) to use for future health care expenses.
Note that these plans have limits and exclusions, and that benefits may not be paid for an illness or injury that existed prior to the date coverage takes effect. Be sure to read the plan information carefully.
Important: These optional benefits are NOT medical insurance
These supplemental benefits are 100% employee-paid plans. They can provide financial assistance to help with miscellaneous expenses, but you will still need medical insurance to pay for the majority of your health care.