Your Benefits: Life/Disability Insurance Premium Holiday
We have some great news about your benefits.
Cook Children’s is a member of the Children’s Hospital Association consortium. Members of the consortium can purchase voluntary life and disability insurance plans through The Hartford. Because the consortium purchased a higher volume of insurance than originally anticipated, all participating hospitals received a volume discount on their premiums, which resulted in a “refund” to Cook Children’s from The Hartford.
To put it even more plainly: We got a refund from our insurance broker, and we will be passing on the savings to employees enrolled in certain life and disability insurance plans.
What this means:
• For Bi-weekly Employees: You will not be charged for the supplemental long term disability and/or spouse life on your Nov. 22, Dec. 6 and Dec. 20 bi-weekly paychecks.
• For Physicians: You will not be charged for supplemental life on your Nov. 30 paycheck.
Your coverage is still in effect, you simply won’t have to pay for it on these paycheck(s).
If you have questions, please contact AskBenefits@cookchildrens.org.