Belk offers three optional benefits plans that provide an additional layer of financial protection if you face a serious illness, accident, or hospital stay. Coverage is provided by Unum.
Accident insurance
Covers the costs associated with an accident
Critical illness insurance
Covers the costs associated with a critical illness, such as cancer
Hospital indemnity insurance
Covers the costs associated with a hospital stay
These plans are separate from the medical plan and pay a lump-sum cash benefit if you have a covered condition. You can enroll in all three plans, two, or one.
For these plans, the cash benefit paid out is yours to spend as you see fit. For example, you can use the money to cover your deductibles, copays or coinsurance, or it could come in handy for additional living expenses that arise as a result of the condition — such as expenses for travel, child care or household help.
For additional details about supplemental health benefits, refer to the documents available in the left navigation menu.
For coverage, you must enroll and pay the premium.
For coverage, you must enroll and pay the premium.
You may think that the medical plan is the primary plan for financial protection from medical costs. However, a combined approach — choosing a less expensive medical plan and combining it with critical illness or accident insurance — may be a better value and potentially provide even greater protection.
For example, let’s say you are considering one of Belk’s medical plans because you are generally healthy and may typically have low usage during the year, but you decide to enroll in critical illness insurance because you want to be protected from serious “what if” scenarios. If you are diagnosed with a covered condition, like cancer, critical illness insurance will pay a large lump sum you can use toward your deductible.
This plan pays a benefit if you are admitted to a hospital due to injury or illness. Low and High coverage options for yourself and family members are available.
Hospital indemnity insurance helps you manage expenses if you or a loved one becomes unexpectedly hospitalized. If you or a loved one is admitted to the hospital, this insurance helps cover the costs of care. This plan provides benefits for hospitalization due to accidents and sicknesses, such as:
There is a pre-existing exclusion for covered sicknesses. Hospital does not include certain facilities such as nursing homes, convalescent care or extended care facilities. See your Disclosure Statement or Outline of Coverage/Disclosure Document for full details.