2008 Supplemental Benefits
Caremark offers you a variety of supplemental benefits, designed to assist you and your family beyond what our basic health and welfare plans provide. Supplemental Life Insurance You may purchase additional Employee Life Insurance for up to five times your benefit pay, in addition to your Basic Life Insurance. Your total life insurance, which is a combination of Basic and Supplemental coverage, cannot exceed $1,000,000. Visit page the 2008 Benefits Guide to learn more. Spouse and Child Life Insurance You can purchase life insurance for your spouse and dependent children through the Spouse and Child Life insurance options. Note: If you and your spouse are both benefit eligible employees of the Company, you cannot cover your spouse under Spouse Life Insurance. Only one of you may cover your eligible dependent child(ren) under Child Life Insurance. Visit the 2008 Benefits Guide to learn more. Accidental Death and Dismemberment (AD&D) Insurance Voluntary AD&D coverage provides 24-hour-a day protection from accidental death or dismemberment. Any AD&D benefits are in addition to benefits payable from Employee Life Insurance. Visit the 2008 Benefits Guide to learn more. Short Term Disability (STD) In the event of an injury or illness that requires you to be off work, your approved Short Term Disability benefits provide you with 70% of your base pay, with no monthly limit. Depending on the duration of your illness or injury, these benefits continue up through your 180th day of disability, at which time, you become eligible for Long Term Disability. Visit the 2008 Benefits Guide to learn more. Long Term Disability (LTD) The LTD plan is designed to replace a percentage of your benefit pay in effect at the time of your disability. The elimination period for LTD benefits is 180 days. If you cannot perform the duties of your occupation, your LTD benefit replaces 50% of your benefit pay, up to a maximum of $10,000 a month for the first two years. Visit the 2008 Benefits Guide to learn more. Long Term Disability Buy-Up In addition to the Company provided LTD, you are also eligible to elect the Long Term Disability Buy-Up coverage. The LTD Buy-Up Plan, provided by Unum, allows you to insure a greater percentage of your earnings, and enjoy discounted group rates only available through Company-sponsored plans. Visit the 2008 Benefits Guide to learn more. Long Term Care The Long Term Care benefit gives you and your extended family an opportunity to plan for all stages of your life. Committed to providing the most responsive and up-to-date coverage possible, CNA offers comprehensive, flexible benefits at an affordable price. Visit the 2008 Benefits Guide to learn more. Cancer Protector Plan Administered by AFLAC, the Cancer Protector Plan is designed to offset medical expenses related to cancer treatment. While your medical insurance will pay a portion of your medical expenses related to cancer treatment, there are other expenses such as deductibles, coinsurance, copays, and time off work, etc., to consider. Visit the 2008 Benefits Guide to learn more. Hospital Indemnity Plan Administered by AFLAC, the Hospital Indemnity Plan is designed to offset medical expenses related to a hospital stay for you or your covered dependents. Visit page 90 of the 2007 Benefits Guide to learn more. Visit the 2008 Benefits Guide to learn more. Personal Accident Indemnity Plan Administered by AFLAC, \the Personal Accident Indemnity Plan is designed to offset medical expenses due to an accident involving you or your covered dependents. Visit the 2008 Benefits Guide to learn more. Personal Recovery Plus Plan Administered by AFLAC, the Personal Recovery Plus Plan provides financial assistance to help you get back on your feet again after recovering from a serious health condition. Visit the 2008 Benefits Guide to learn more.
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First published September 13, 2007
Copyright © 2007 Caremark Inc.
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