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Premium Waiver — <br />No refund of premium back to date <br />disability started for supplemental <br />(contributory) coverage. <br />Dependent Life and all AO&O coverage <br />ends once employee is approved for <br />extension. <br />Qualifying period will start over If employee <br />returns to work at any time during <br />qualifying period. <br />Dependent coverage that Is contributory is <br />not part of premium waiver. <br />Death prior to premium waiver approval, <br />claim may be payable with or without <br />payment of premium, <br />Portability — <br />Under port, employee remains covered for <br />the exact same provisions under the <br />existing policy. <br />Coverage can be ported up to the age of <br />ga. <br />Employee and spouse coverage, provided <br />premium Is paid may extend to age 99, <br />Amounts over $500,000 may require <br />evidence of insurability. <br />Two-year suicide exclusion only Included <br />under port if person was covered less than <br />two years on group plan. <br />Employee must part coverage In order for <br />dependent spouselchild to part. <br />Once coverage is ported, If employee dies, <br />dependents lose ported coverage. <br />III or Injured persons cannot port coverage. <br />Accelerated Death benefit not offered <br />under ported coverage. <br />Portability is offered if employment ends <br />due to retirement. <br />Accidental Death coverage may be <br />purchased if covered for AD&O on <br />underlying group plan. <br />Conversion not available if ported <br />coverage ends. <br />Premium Waiver — <br />Automatic approval for premium waiver upon <br />terminal Illness diagnosis. <br />Refund of premium once premium waiver is <br />approved back to date of disability. <br />Attempt to return to work does not impact <br />qualifying period if less than 5 days. <br />Dependent coverage that is contributory can <br />be extended without premium if employee <br />remains eligible for premium waiver. <br />When policy terminates, dependent <br />coverage that was allowed to continue ends. <br />Death prior to premium waiver approval, <br />claim only payable if premium received. <br />Portability — <br />The employeewill be issued a new <br />certificate under their port policy. <br />Coverage can be ported up to the age of 75. <br />Employee and spouse coverage, provided <br />premium is paid may extend to age 75. <br />No evidence of insurability. <br />Two-year suicide exclusion on all ported <br />coverage from date of port Issuance. <br />Surviving dependent spouse/child can port <br />coverage. <br />Once coverage is ported, if employee dies, <br />dependents may continue ported coverage. <br />III or injured persons can port coverage. <br />Accelerated Death Benefit is allowed under <br />ported coverage. <br />Accidental Death and Dismemberment <br />(AD&D) coverage not offered under <br />portability. <br />Conversion is available if parted coverage <br />ends. <br />Both plans provide similar premium waiver. <br />,Aetna's contract Is less restrictive around <br />benefits payable if death occurs before <br />waiver of premium is approved. However, <br />The Hartford's ability to return to work for <br />up to 5 days, refund of premium, and <br />dependent continuation without premium <br />are more favorable. <br />Both carriers provide portability with various <br />differences. The Hartford's portability will be <br />provided. <br />:�--�l-$+� [p$jc�+�ui��..Si.eps ,4j.1{NyyHS Gi{.n(fi�`y^2p�'1yti + <br />kw,� �ppe� <br />.� <br />,l4Y"Pe <br />tiPry <br />AD&D Exclusions — <br />Includes an extensive list of AD&D <br />exclusions beyond the following: war, self- <br />inflicted injury, commission of or attempt to <br />AD&D Exclusions — <br />Standardly includes exclusion for war, self- <br />inflicted Injury, commission of or attempt to <br />commit a felony, sustained while taking <br />Both have exclusions that tie to the AD&D <br />benefits. The Hartford's contract is slightly <br />more favorable in that It is less restrictive. <br />55A-23 <br />