55A - HARTFORD INSURNACE - Laserfiche WebLink

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SIDE -BY -SIDE PRODUCT COMPARISON THE HARTFORD This document prepared for City of Santa Ana shows certain instances where Aetna's policies may differ from The Hartford's. The products are similar in their coverage, but there is some differentiation between the contracts. This document provides a high-level overview of these key differentiations. The provisions and practices referenced below have been extracted or described for comparison purposes and may not reflect the complete provisions. Benefits are subject to state availability.' Eligibility - Employees working outside the U.S were addressed administratively. Handicapped Children - Child does not need to be disabled before reaching the limiting age and proof of handicap is not required to be submitted within 31 days after the date child reaches the maximum age under plan. Evidence of Insurability (EOI) - NOT required for salary increases that place a benefit above the Guarantee Issue (GI) amount. Accelerated Death Benefit - 75%, up to $500,000 and 24-month terminal illness period is standard offering. Accelerated Death Benefit (ADS) - Terminal illness along with medical condition triggers included as triggers to apply for ADB. Family Status Change (FSC) - Not Included. Handled administratively. Reinstatement - Not standardly included. Eligibility - Employees working outside the U.S. must be addressed in the contract. Handicapped Children - Child must be disabled prior to reaching limiting age and proof Is required within 30 days from 26th birthday. Evidence of insurability (EOI)- Required for first salary increase that places a benefit above the Guarantee Issue (GI) amount. Accelerated Death Benefit - 60%, up to $500,000 and 12 months terminal illness period is standard offering. Accelerated Death Benefit (ADB) - Terminal illness only. Medical conditions not included as a trigger for applying for ADS. Family Status Change (FSC) - Standardly included in contract. Reinstatement - 12-month reinstatement period. Need to identify all eligible employees when converting in order to ensure accurate eligibility is reflected in The Hartford's contract. The Hartford's contract has tighter requirements around coverage on handicapped children. The Hartford's contract can match this benefit; however, state restrictions may apply. The Hartford can match the 24-month terminal illness period, however, state restrictions may apply. The Hartford does not offer'medical conditions' as a trigger for applying for ADB. The Hartford's contract places clarity and parameters around what constitutes a Family Status Changes (FSC) and what changes in coverage are allowed. Under The Hartford's contract, remstatement is allowed if rehired within 12 months. 55A-22