Additional Insurance Plans | Torrance Memorial Medical Center

BENEFIT	WHO PAYS	WHO IS ELIGIBLE	EFFECTIVE DATE	COVERAGE
GROUP TERM LIFE INSURANCE	Hospital	Regular FT employees	First of month following 60 days of employment	Hourly: 1X annual salary. Salaried: 2X annual salary. Dependents: $1000.
GROUP TERM SUPPLEMENTAL LIFE INSURANCE	Employee	Regular FT employees	First of month following 60 days of employment	Employees: up to 5x annual salary. Spouse: up to 100% of employee's coverage. Children: up to $10,000.
INSURANCE LIABILITY	Hospital	All employees	Upon employment	Coverage for professional liability for actions within the scope of employment.
UNIVERSAL LIFE WITH LONG-TERM CARE INSURANCE	Employee	Regular FT and PT employees	First of the month following 60 days of employment	Minimum: $5,000; Maximum: $250,000. Pays living benefit of up to 75% upon diagnosis of a terminal illness. Home Health and Long-Term Care Rider pays up to two times the face amount in monthly benefits.
CRITICAL ILLNESS INSURANCE PLAN	Employee	Regular FT and PT employees	First of month following 60 days of employment	Lump sum (from $10,000 to $100,000, not to exceed 2X salary, depending on option selected) paid the first time you or covered family member are diagnosed with a covered illness or condition.
VOLUNTARY SHORT-TERM AND LONG-TERM DISABILITY INSURANCE	Employee	Regular FT and PT employees	First of month following 60 days of employment	30% of regular monthly earnings after 30 days (for Short Term not to exceed weekly max of $1400) & after 360 days (for Long Term) of disability subject to a 12/12 pre-existing limitation exclusion. Maximum benefit duration for STD is 47 weeks & 5 years for LTD.
SHORT- OR LONG-TERM DISABILITY	Hospital	Regular FT Salaried employees	First of month following 60 days of employment	Up to 66 2/3% of salary after 30 days of disability.
VOLUNTARY CANCER INSURANCE PLAN	Employee	Regular FT & PT employees	First of month following 60 days of employment	Pays inpatient and outpatient benefits; Transportation & Lodging benefits; Pay in addition to other coverage.