Voluntary Benefits
Kinkaid Civil Construction provides you the option to purchase accident insurance and critical illness insurance and hospital insurance through Lincoln Financial. The amount you pay for these plans is deducted from your paycheck on a post-tax basis. This ensures that any payments you receive are not taxed. Learn more about the accident, critical illness and hospital plans at www.lincolnfinancial.com
ACCIDENT INSURANCE
Accident insurance is a policy that can help you pay expenses that may follow an accident, including out-of-pocket health care costs.This plan pays benefits if you are injured in an accident, regardless of whether or not you are at work.
HOSPITAL INSURANCE
Hospital insurance helps you and your family members cope with the financial impacts of a hospitalization.You can receive benefits when you’re admitted to the hospital for a covered accident, illness or childbirth.
CRITICAL ILLNESS INSURANCE
Critical illness insurance is a policy that provides a lump-sum, cash benefit if you are diagnosed with a covered illness (e.g., heart attack, stroke, cancer). These diagnoses can cause significant financial burden, especially if you are unable to work while receiving treatment. You can use the money you receive however you would like, including to help you pay your mortgage, pay your deductible, seek experimental treatment, or for any other expenses. The benefit amount you receive is based on the level of coverage you purchase. You may also purchase coverage for your spouse and/or dependent children.
Coverage Options:
•Employee: $10,000 minimum to a maximum of $20,000 in $5,000 increments
Spouse: 50% of employee’s election.
Dependent children to age 26: 25% of employee’s election.