MassMutual adds new group products to portfolio

MassMutual recently introduced new Group Critical Illness Insurance and Group Accident Insurance products to its voluntary benefits offerings.

MassMutual Group Critical Illness Insurance offers “one of the highest levels of protection” for a broad spectrum of conditions. For certain covered conditions, coverage includes a severity feature that pays more for severe level diagnoses as well as a progression feature that in total could pay up to two times the coverage amount if a condition gets worse before it gets better. There is no lifetime benefit maximum on many conditions, no waiting period, and no pre-existing condition limitation with standard plan designs.

MassMutual Group Accident Insurance provides robust plan design flexibility by enabling the removal or addition of benefits and ability to increase or lower benefits amounts. With up to 184 benefits for injuries sustained in covered accidents, plans designs can include benefits for services rendered at hospital and non-hospital facilities or received via telemedicine, benefits for rehabilitative care, PTSD, exploratory surgeries and many more. Similar to Group Critical Illness insurance, there is no waiting period.

“MassMutual offers the next generation of products that help reduce the coverage gaps that other plans leave open. We have researched and identified some of the leading conditions where people are vulnerable and we have designed solutions that provide amongst the highest level of protection available today. We have made the process as easy as possible for benefits brokers and their clients to access and use these important benefits and have streamlined everything from onboarding and enrollment to billing and claims. This is just one more example of MassMutual’s commitment to the voluntary benefits market and to protecting and securing the future of working Americans.” – Shefali Desai, head of worksite with MassMutual.