Alto Pharmacy offers additional supplemental plans to enhance your financial security and overall well-being.
Accident, critical illness, and hospital indemnity insurance plans offer crucial financial support beyond standard health insurance. Accident insurance provides coverage for unexpected injuries, covering medical expenses and offering cash benefits. Critical illness insurance delivers a lump-sum payment upon diagnosis of severe conditions like cancer or heart attack, ensuring funds for treatment and recovery. Hospital indemnity insurance pays a fixed benefit for each day of hospitalization, helping to cover out-of-pocket costs and maintain financial stability during extended hospital stays.
Accident Insurance
Accident insurance provides financial assistance following an accidental injury, covering costs like emergency treatments, hospital stays, and follow-up care.
Unexpected medical accidents can be traumatizing and costly, both physically and financially. Accident insurance is not meant to replace traditional health insurance, but can help buffer these costs by covering some expenses of emergency room copays, surgeries, hospitalizations and doctor’s office visits related to an accident. Simply submit your medical bills, then you can decide for yourself how to use the money. This type of insurance is particularly helpful for particularly active families or those who may not have the savings set aside to cover an accident.
- Helps cover the costs that result from an accident
- High and Low plan options
- Pays a lump sum directly to you
- Use this money as you see fit
- Copays
- Deductibles
- Transportation
- Lodging need
- And more
Critical Illness
Critical Illness Insurance pays you a lump sum benefit in the event that you or your spouse are diagnosed with an illness like cancer, stroke or heart attack.
When you elect Critical Illness coverage, you choose a dollar amount– $15,000 or $30,000 for yourself, 50% of the Employee's benefit amount for Dependents and that is the amount that will be paid to you or dependent, if you are diagnosed with a critical illness that is covered by your plan. No one wants to consider the possibility of getting a critical illness, but by purchasing this insurance, you can minimize the financial impact on you and your family.
Covered illnesses that pay at 100% include:
- Heart attack
- Coma
- Kidney failure
- Cancer
- And many more
No pre-existing condition exclusions!
Hospital Indemnity
Hospital Indemnity insurance plan pays a set benefit amount for each day you are hospitalized due to illness or injury. It helps cover out-of-pocket costs not included in regular health insurance, such as deductibles, copayments, and non-medical expenses, ensuring additional financial support during hospital stays.
When you elect Hospital Indemnity insurance, you receive a lump sum payment directly to you to help with the cost associated with a hospital admission or stay. You can use the cash payment for anything you like.
MetLife Hospital Indemnity Insurance can supplement existing medical coverage and help provide financial support to pay for out-of-pocket expenses such as mortgage payments, college tuition, hiring household help, or treatment not covered by your medical plan. Benefits are paid regardless of what is covered by medical insurance. With MetLife, you’ll have a choice of two comprehensive plans (called the “Low Plan” and the “High Plan”) which provide lump sum cash payments for covered events regardless of any other payments you may receive from your medical plan.
Hospital Indemnity insurance pays you if you have been hospitalized due to an accident or illness. Some of the payable benefits include Hospital Admission, Hospital Confinement, and Inpatient Rehabilitation.
Please refer to the plan summary to the right for some of the covered benefits/services, when an accident or illness puts you in a hospital.
Disclaimer: This presentation is to provide a summary of Alto Pharmacy employee benefit programs. Should any discrepancy arise, please refer to actual plan documents which supersede this presentation. Once enrolled, you will receive a Combined Evidence of Coverage and Disclosure Form that explains the exclusions and limitations, as well as the full range of covered services of your plan, in detail.