CHATTANOOGA, Tenn., July 17,
2023 /PRNewswire/ -- Employees say they are looking
for additional health and wellness benefits and employers are
listening. According to research from Unum (NYSE: UNM), a
leading employee benefits provider, employers are planning to
prioritize those benefits workers say they want and need. Over the
next year, employers plan to increase investments in health
insurance. Unum's critical illness insurance, which provides
benefits upon diagnosis of a serious illness or medical event, is
adding more financial protection for policyholders and their
families.
"Providing coverage that includes enhanced protection for
critical illnesses is an investment in the well-being and security
for employees, said Tom Dupuis, VP
of Products. "Employers look to supplemental coverage to help ease
the burden of unexpected out of pocket medical expenses."
According to the American Cancer Society, there were 1.9 million
new cancer cases diagnosed in the U.S. in 2022. Unum has introduced
a new cancer benefit that provides ongoing support and coverage.
After receiving a lump sum payout for cancer treatment,
policyholders can receive an additional percentage of their
policy's total benefit amount for each month of treatment, up to
another 100%. The coverage includes hospital stays, chemotherapy,
radiation, surgery and hospice.
Incorporating new medical conditions to better address diverse
health concerns, there's a wider spectrum of life-threatening
illnesses now covered including:
a. Sudden cardiac arrest and new
procedures that qualify for coronary artery disease benefits
b. Type 1 Diabetes, Sickle Cell Anemia and Congenital Heart
Disease
c. Huntington's Disease, Lupus, Muscular Dystrophy,
Myasthenia Gravis, Systemic Sclerosis and Addison's Disease
d. Supplemental conditions - Transient ischemic attacks (TIA)
also known as mini-stroke, pulmonary embolism, bone marrow or stem
cell transplants
e. A behavioral health solution for occupational
post-traumatic stress disorder (PTSD)
The broadened range of illnesses covered includes pre-eclampsia,
which happens in one out of 25 pregnancies, ectopic pregnancy, and
NICU services for newborns.
A healthy habits benefit is available for policyholders who want
to improve their health and participate in an eligible
healthy lifestyle program that incorporates emotional health,
nutritional education and exercise.
The enhancements continue the modernization of coverage, which
is one of many additional employee benefit solutions that provides
support for time away from work, technology integration with HR
systems and administrative assistance.
Click for more information on Critical Illness Insurance,
or contact the customer relations team at 800-321-3889.
*Enhancements are not available in all states.
THIS INSURANCE PROVIDES
LIMITED BENEFITS. Critical Illness Insurance is referred to as
Specified Disease Insurance in New York and North Carolina. This
policy provides limited benefits health insurance only. It does NOT
provide basic hospital, basic medical or major medical insurance as
defined by the New York State Department of Financial Services. The
insurance or its provisions may vary or be unavailable in some
states. The insurance has exclusions and limitations which may
affect any benefits payable. See the actual policy or your Unum
representative for specific provisions and details of availability.
Applicable to policy form UIC-GCIP16-2 Underwritten by Unum
Insurance Company, Portland, ME. In New York and New Jersey
underwritten by Provident Life and Casualty Insurance Company,
Chattanooga, TN. Unum is a registered trademark and marketing brand
of Unum Group and its insuring subsidiaries.
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About Unum Group
Unum Group (NYSE: UNM), an
international provider of workplace benefits and services, has been
helping workers and their families for 175 years. Through its Unum
and Colonial Life brands, the company offers disability, life,
accident, critical illness, dental, vision and stop-loss insurance;
leave and absence management support and behavioral health
services. In 2022, Unum reported revenues of about $12 billion and paid $8
billion in benefits. The Fortune 500 company is one of the
2023 World's Most Ethical Companies, recognized by
Ethisphere®.
Visit the Unum newsroom for more information, and connect
with us on LinkedIn, Facebook, and Instagram
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SOURCE Unum Group