Specified Disease Insurance
Protect your finances from the financial strain of a serious illness, such as cancer, heart attack, Alzheimer’s, or stroke. Specified Disease Insurance helps cover out-of-pocket expenses related to the diagnosis of up to 7 different major illnesses. Even with medical insurance, you may still face unanticipated expenses, like co-pays, deductibles, loss of income, childcare, and travel costs. Group Specified Disease Insurance bridges the gap created by these out-of-pocket expenses, providing a financial safety net for you and your family.
Frequently Asked Questions
Specified Disease Insurance helps cover the financial gap between what your health insurance pays and your out-of-pocket costs if you or a covered family member is diagnosed with a covered specified disease. It pays a lump-sum benefit directly to you, which can be used for expenses like deductibles, copays, childcare, medications, time off work, or even lifestyle changes like a special diet.
- Lump-sum payments: Use the funds as you see fit for medical or non-medical expenses.
- Locked-in rates: Premiums won’t increase with age for existing coverage amounts.
- Comprehensive coverage: Includes major conditions like cancer, heart attacks, and strokes.
- Proactive health rewards: Earn $100 annually for completing preventive health screenings.
Protect your finances and focus on recovery with this valuable coverage. Sign up to secure peace of mind today!
You can receive 100% of your coverage amount for these diagnoses (if they occur after your coverage starts):
- Heart attack
- Stroke
- Cancer
- End-stage renal (kidney) failure
- Major organ failure
- Alzheimer’s disease
You can receive 25% of your coverage amount for these conditions:
- Severe coronary artery disease
- Carcinoma in situ (non-metastasized cancer)
Skin cancer pays a one-time lifetime benefit of $250.
You and your covered dependents can each claim $100 annually for completing one of 20 listed health screenings, such as colonoscopies, mammograms, blood tests, stress tests, HPV vaccines, and more. This encourages proactive health care and offsets your preventive care costs.
You must be a NYSPIA member in good standing and actively working. Coverage can also extend to your spouse/domestic partner (as recognized by law) and children up to age 25. Child coverage is automatic and provides 50% of the member’s selected coverage amount.
Yes! Your premium rate is based on your age at the time coverage begins and won’t increase as you age. For example, if you enroll at age 35, you’ll pay a 35-year-old rate for the life of the policy for that coverage amount, even if you add more coverage later.
Within 31 days of a family status change, you and your spouse or domestic partner may enroll for coverage up to the Guaranteed Issue Amount, no medical questions asked.
Yes, you may apply to continue your coverage directly through the insurance carrier. You will have 31 days from the date of notification to continue this coverage.
QUESTIONS??
CONTACT NORVEST.
You can call us at
1-888-869-8252
Or use the form to send us a message if you have any questions or concerns. We’ll get in touch with you right away.