Save Money with Voluntary Benefits

Voluntary benefits can save you money, with the convenience of after-tax paycheck deductions. A variety of options are available to help you protect your family, home, car and pets.

It’s worth checking out…

For 2025, OU Health is increasing the coverage available through the accident, critical illness and hospital indemnity insurance options… without any increase in the per-paycheck cost to you.

Here are examples of the increased coverage to take effect Jan. 1, 2025:

  • Additional coverage through the critical illness insurance plan:
  • Maximum benefit of $40,000 (increased from $30,000 in 2024)
  • 50% benefit upon diagnosis of non-invasive cancer (increased from 25% in 2024); invasive cancer still covered at 100%
  • $500 lump-sum payment upon diagnosis of skin cancer (increased from $250 in 2024)
  • New: 25% of the cost of up to five days of hospitalization due to Covid
  • Addition of a $50 per year wellness benefit per covered person through:
  • Accident insurance
  • Hospital indemnity insurance

Consider how these benefits could help you supplement your other benefits coverage for you and your family.

Highlights of Your Voluntary Benefit Options

You may enroll in (or choose to stay enrolled in) any of the following voluntary benefit options during Open Enrollment. Note that if you currently have coverage in accident, critical illness and/or hospital indemnity insurance and you want to continue that coverage for 2025, you must ”re-enroll” in those benefit(s) during Open Enrollment.

Accident Insurance pays a cash benefit for each covered injury such as fractures, dislocations and burns; plus related services such as ground ambulance and physical therapy.

Critical Illness Insurance pays a lump-sum benefit when you or an eligible family member is diagnosed with a covered condition such as cancer, heart attack, stroke, major organ transplant or kidney failure.

Hospital Indemnity Insurance pays a set benefit amount for covered hospital stays including maternity, intensive care unit (ICU) and non-ICU hospitalizations.

Visit Workday to see your costs and enroll/make changes

Legal Services Plan offers reduced fees and/or discounts for legal advice and services on a variety of personal legal issues from a nationwide network of attorneys.

Auto/Home Insurance offers discounts on auto/home/other property insurance and/or personal liability insurance for yourself.

Identity Theft Protection offers social media and dark web monitoring, data breach notifications, credit alerts, online threat protection, parental controls and more.

Pet Insurance offers wellness coverage options, 50% or 70% reimbursement for covered vet bills plus a 24/7 vet helpline.

Visit Corestream to see your costs and enroll/make changes

Good to know…

You can enroll in identity theft protection, auto, home, personal liability and/or pet insurance at any time during the year.

Enrollment times for legal services, critical illness, hospital indemnity and/or accident insurance are only:

  • Within 30 days following your hire date
  • During Open Enrollment each year
  • Within 30 days of a qualifying life event; for example, marriage, divorce, birth or adoption of a child, or a change in your or your spouse’s employment status that affects your benefits eligibility. See Mid-Year Election Changes for details.

Your Enrollment Checklist

*If you do not act by Nov. 18, 2024, your 2024 benefits will roll over to 2025; except you must enroll by Nov. 18 if you want to contribute to a flexible spending account in 2025 and/or have coverage in accident, critical illness and/or hospital indemnity insurance for 2025.

Good to know…

You can enroll in identity theft protection, auto, home, personal liability and/or pet insurance at any time during the year.

Enrollment times for legal services, critical illness, hospital indemnity and/or accident insurance are only:

  • Within 30 days following your hire date
  • During Open Enrollment each year
  • Within 30 days of a qualifying life event; for example, marriage, divorce, birth or adoption of a child, or a change in your or your spouse’s employment status that affects your benefits eligibility. See Mid-Year Election Changes for details.