Health Options Hero
Health Options Sub

Protecting your faculty and staff isn’t rocket science—although in this ever-changing climate, it can feel like an impossible puzzle. We can help.

We work exclusively with private-independent schools and independent school associations to determine the best approach to provide health insurance/medical benefits for each individual school. That's right, customized solutions for budgets of all sizes is our specialty because we believe every school should be able to protect those who protect their most valuable assest—their students. After all, great schools offer great benefits. And we believe in your school's greatness.

In addition to finding medical insurance options that reflect each school's mission and purpose, we offer several voluntary coverages that can be offered to employees at no cost to the school.

Accident Insurance

This coverage pays a fixed benefit for the treatment of a covered accident. The Benefit Schedule includes payment for accident-related Hospitalizations, Surgeries, Fractures, Dislocations, Emergency Treatment, Major Diagnostic Exam, Physical Therapy, and more. (Wellness option available.)

  • Minimum Participation: Five enrolled employees
  • Pre-Existing Conditions Limitation: None
  • Guarantee Issue: All amounts guarantee issue
  • Portability: Greater of to age 65 or 12 months

Group accident insurance policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in all states, except New York, under Policy Form Series 15-GP-01, 12-GP-01, 12-AC-C-01, 16-AC-C-01, 16-ACPort-C-01, 12-GPPort-01, and 12-ACPort-C-01. Product offerings may not be available in all states and may vary depending on state laws and regulations.

Cancer Insurance

This coverage is an ideal extra layer of protection for those on your faculty and staff who are aware of a family history of cancer. It pays a fixed benefit for the treatment of cancer as defined by the policy. The Benefit Schedule includes payment for cancer-related Hospitalizations, Surgeries, Chemotherapy and Radiation, Transportation and Lodging, Experimental Treatments, and more.

  • Employers may choose from two plan choices—Level 1 or Level 2
  • $5,000 First Occurrence Benefit payable on Level 2
  • Cancer Screening Benefit available once per benefit year
  • Minimum Participation: Five enrolled employees
  • Pre-Existing Conditions Limitation: 12/12/12 (state specific)
  • Proof of good health required for all applicants
  • Issue age pricing for easy administration
  • Portability: Greater of to age 65 or 12 months

Cancer insurance policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in all states, except New York, under Policy Form Series 15-GP-01, 16-CAN-C-01, and 16-CANPort-C-01. Product offerings may not be available in all states and may vary depending on state laws and regulations.

Critical Illness

This coverage is an extra layer of protection for those on your faculty and staff who are aware of a family history of serious illnesses such as heart disease, Parkinson's disease, strokes, etc. This plan will pay a lump sum cash benefit upon diagnosis of a specified illness. Employers can choose a plan with or without a cancer category.

  • Benefit Amounts: Up to $50,000 (employee); up to $25,000 (spouse); Choice of $2,500 or $5,000 (children)
  • Minimum Participation: Five enrolled employees
  • Pre-Existing Conditions Limitation: 12/12/12 (state specific)
  • Guarantee Issue: Available to timely applicants only if the group meets and maintains special participation requirements
  • Issue age pricing for easy administration
  • Also available: Reoccurrence and Second Occurrence Benefits, $50 Wellness Benefit, or Cancer coverage
  • Age reductions apply at age 70

Group critical illness insurance policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in all states, except New York, under Policy Form Series 15-GP-01, 16-SD-C-01, 16-SDPort-C-0112-GP-01, 13-SD-C-01, and 13-SDPort-C-01. Product offerings may not be available in all states and may vary depending on state laws and regulations.

Gap Insurance*

If your school is offering employees a high deductible health insurance, this coverage compliments Major Medical insurance plans by helping cover out of pocket expenses (deductibles/co-insurance) related to hospital inpatient and outpatient services (medically necessary due to injury or illness).

  • Inpatient benefit up to $10,000, Outpatient benefit up to $2,500
  • Minimum Participation: Five enrolled employees
  • Pre-Existing Conditions Limitation: None included in this policy, however, a condition must be covered under the insured's Major Medical/Comprehensive plan in order for benefits to be payable under this plan
  • Proof of Good Health: Not required for timely applicants
  • Attained age pricing

This Hospital Confinement Indemnity “Gap” insurance policy provides limited benefits. This limited policy has some specific benefit limits and is not a medical insurance policy, a Medicare Supplement policy, or a high deductible health plan. Please refer to the issued insurance policy for complete details and all benefit requirements. Group Hospital Confinement Indemnity “Gap” insurance is underwritten by Fidelity Security Life Insurance Company (Kansas City, MO) under Group Master Policy MG-111; Policy Form No. M-9054, and is administered by Sun Life Assurance Company of Canada (Wellesley Hills, MA). Claims paid by Fidelity Security Life Insurance Company.

To find out more about ISM's Voluntary Products for private-independent schools, e-mail Lori Leonard or call 302-656-4944 (ext. 112).