Ancillary Benefits
The Health Professions of Montana Plan and Trust offers Ancillary Benefits in partnership with The Standard Insurance Company. We are offering a comprehensive and robust array of benefits including a guarantee issue of up to $150,000 on voluntary life. We hope this will allow employers to “package” their benefits to better attract and retain employees in their firms. These new benefits include:
Basic Life/AD&D - $10,000 –
The HPM Health Plan provides this benefit to covered employees of participating groups at no additional charge to the group or to the employee.
Voluntary Life/AD&D –
This benefit must be elected by the participating employer and requires at least 20% of the group’s employees enroll in the coverage. It offers a Guarantee Issue of $150,000 for the employee and $30,000 for the spouse. Rates are age based and are elected in $10,000 increments to a maximum of $300,000 for employees and $150,000 for spouses. There is an additional voluntary benefit offered for dependent child coverage at $10,000.
Short-term Disability (STD) and Long-Term Disability (LTD)–
The STD benefit is 60% to a maximum of $1,500 per week for 13 weeks and LTD includes a 60% benefit with an $8,100 maximum benefit per month. For groups with existing coverages, we guarantee to match benefits and put in place competitive pricing for groups with less than 10 employees and a 10% rate reduction for groups over 10 employees.