Specialty Benefits
In collaboration with Blue Cross Blue Shield of Michigan, Blue Care Network
Get complete coverage with specialty benefits
Your health plan helps cover your medical costs if you’re sick or in an accident. But what about the other costs? What if you need help with things like lost wages or living expenses while you recover?
Specialty Benefit plans from LifeSecure Insurance Company and Assurity Life Insurance Company can help. Pair them with your Blue Cross medical plan to extend your coverage and protect your finances.
Read more about LifeSecure and Assurity’s specialty benefit options below. Contact your insurance agent with any questions on the BCBSM Specialty Benefits products.
Life
Get peace of mind with a life insurance plan from Assurity. Extending your coverage can help protect your loved ones’ financial future. The benefits can help pay for things like personal debts, medical bills and funeral expenses.
Protect those you care about with a plan that lets you:
- Apply quickly, with no medicals exams or invasive tests
- Choose from various premium levels
- Convert your plan to permanent coverage
- Customize your coverage with low-cost options
Policy form number I L0760 underwritten by Assurity Life Insurance Company, Lincoln, Nebraska. Product availability, rates and features may vary by state.
Disability
When you can’t work because of a medical issue, you risk losing your income.
A disability plan from Assurity is like paycheck protection. It replaces some of your income to help with living expenses while you recover.
This plan lets you:
- Start benefits quickly with just a phone call
- Design a plan that works for you
- Use your monthly cash benefit any way you want
Policy form number I D0710 underwritten by Assurity Life Insurance Company, Lincoln, Nebraska. Product availability, rates and features may vary by state.
Accident
If you’re injured, you might end up off of work while bills come in from your recovery. LifeSecure personal accident insurance can help you deal with some of those costs.
- There’s no medical exam or other requirement to sign up. You just need to be between the ages of 18-74.
- Your annual deductible is $100. If you don’t get any benefits for a calendar year, your deductible will decrease by $20 on Jan. 1 the following year. If you don’t get any benefits for five consecutive calendar years, your deductible disappears.
- You choose an annual benefit bank amount. If you get any benefits for a calendar year, then on Jan. 1, your benefit bank returns to the full amount.
- LifeSecure has an online budgeting tool that can help you decide the amount of your annual benefit bank based on how much you want to spend.
How personal accident coverage works
Say you broke your ankle during a snowmobiling trip. You can use your personal accident benefits to help with these costs. You chose a benefit bank amount of $10,000 with a $100 deductible.
$8,000 (covered expenses, after adjustments and discounts) – $100 (personal accident deductible) = $7,900 (payout to you)
Your annual benefit bank would have $2,100 left until Jan. 1.
Want to learn more?
Watch this video from LifeSecure to find out how a personal accident plan can help you cover your out-of-pocket expenses.
To get more information, call a health plan advisor at 1-855-288-6721 or contact your insurance agent.
LifeSecure Insurance Company, based in Brighton, Michigan, is an independent company that doesn’t provide Blue Cross Blue Shield of Michigan products or services. LifeSecure is solely responsible for and underwrites the accident coverage. This insurance policy has exclusions and limitations. Contact a health plan advisor or your insurance agent for an Outline of Coverage. Blue Cross Blue Shield of Michigan and Blue Care Network are nonprofit corporations and independent licensees of the Blue Cross and Blue Shield Association.
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Critical Illness
When you face a critical illness, you also face substantial costs. A critical illness plan from LifeSecure can help. With this plan, you can get help paying for things like lost income, out-of-pocket costs and treatments that your health plan may not cover.
- Critical illness insurance provides a lump-sum benefit upon diagnosis of a covered disease, regardless of any other insurance you have
- Health Screening Benefit as a standard feature. Once per calendar year, you can receive $50 for a covered wellness procedure
- Dependent children are automatically covered – at no additional cost
Policy form number: LS-CI-0001 underwritten by LifeSecure Insurance Company, Brighton, MI. Product availability, rates and features may vary by state. This policy has exclusions and limitations. For costs and complete details of the coverage, contact a health plan advisor at 1-855-288-6721 or talk to your insurance agent.
Hospital Recovery
If you have a hospital stay, your medical insurance helps cover those costs. But after you’re home, you might have additional expenses from your recovery that you hadn’t planned for. LifeSecure’s hospital recovery insurance can help cover some of those costs.
- Your benefit payout after an inpatient hospital stay comes directly to you.
- You choose your daily benefit amount. You’ll receive that amount for each day you were in the hospital, up to 30 days.
- Your annual benefit bank is equal to your daily benefit amount multiplied by 30. If you collect any benefits during the year, then on Jan. 1, your benefit bank returns to the full amount.
- LifeSecure has an online budgeting tool that can help you decide your daily benefit amount based on how much you want to spend.
How hospital recovery insurance works
Say you’re in the hospital for four days for knee replacement surgery. You chose a daily benefit amount of $500 for an annual benefit bank of $15,000.
$500 (daily benefit amount) x 30 (maximum days) = $15,000 (in your annual benefit bank)
You would receive $2000 for your inpatient hospital stay and your annual benefit bank would have $13,000 remaining. On Jan. 1, it’ll return to $15,000.
$500 (daily benefit amount) x 4 (days hospitalized) = $2,000
$15,000 (annual benefit bank) – $2,000 (payout to you) = $13,000 (remaining in your benefit bank)
Want to learn more?
Watch this video from LifeSecure to find out how a hospital recovery plan can help you cover your additional expenses after your hospital stay.
To get more information, call a health plan advisor at 1-855-288-6721 or contact your insurance agent.
LifeSecure Insurance Company, based in Brighton, Michigan, is an independent company that doesn’t provide Blue Cross Blue Shield of Michigan products or services. LifeSecure is solely responsible for and underwrites the hospital recovery coverage. This insurance policy has exclusions and limitations. Contact a health plan advisor or your insurance agent for an Outline of Coverage. Blue Cross Blue Shield of Michigan and Blue Care Network are nonprofit corporations and independent licensees of the Blue Cross and Blue Shield Association.
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