This is a summary of AccidentAdvance^®, Accident Insurance underwritten by Transamerica Life Insurance Company, Cedar Rapids, Iowa Policy form series CPACC100 and CCACC100. Forms and form numbers may vary. This insurance may not be available in all jurisdictions. Limitations and exclusions apply. Refer to the policy, certificate and riders for complete details.

Most families don’t budget for the costs associated with accidents. When an accident does occur, the last thing on your mind is the charges accumulating while at the emergency room:

• Ambulance ride
• Casts
• Use of the emergency room
• Surgery and Anesthesia
• Stitches
• Bandages

These costs can add up fast. Most families have medical insurance that will cover a majority of the expenses. But, what about the out-of-pocket medical expenses, such as lost wages an employee or spouse/domestic partner loses when out of work or staying home to care for an injured family member? You hope that an accident never happens, but at some point you very well may take a trip to your local emergency room. If that time comes, wouldn’t it be nice to have an insurance policy that pays you a benefit regardless of any other insurance you have? 

You and your eligible family members just need to enroll during your enrollment period and be actively at work for your insurance to be effective. Some states require the insured to have medical coverage.

As a new hire, you can enroll during your new hire enrollment period. Outside of your new hire enrollment period, enrollment is limited to the company’s annual enrollment period.

When you leave or retire from your current employer, you can continue your insurance without interruption through the portability provision, subject to applicable law and the policies' terms and conditions. Although payroll deduction will no longer be available if you retire or leave your company, you can opt for other payment methods such as monthly payment through Automated Clearing House or quarterly, semi-annual or annual direct bill. Higher rates may apply.

No, your rates will not increase due to age, health or individual claims.

No! For the initial Open Enrollment period and for new hires added throughout the year, this insurance is guaranteed-issue (which means you may qualify for insurance without having to submit to a medical exam or answer health questions).

Once you’re enrolled in this insurance, you’ll collect benefits for various covered events, including:

 

Fractures Dislocations

 

You’ll also receive a lump-sum payment when you have these covered medical services/treatments:

 

Ambulance Emergency care Inpatient surgery Outpatient surgery Medical Testing Benefits including: X-rays MRIs CT scans

Physician follow-up visits Therapy services including: Physical  therapy