MIT Sponsored Voluntary Benefits

MIT Sponsored Voluntary Benefits Available

Employers may choose to enhance their employee benefit offerings with additional voluntary coverage, including:

• Vision Coverage (Community Eye Care)
• Voluntary Life and Accidental Death & Dismemberment Insurance (Sun Life)
• Critical Illness Insurance (Sun Life)
• Accident Insurance (Sun Life)

These options allow employers to provide employees with affordable, high-quality benefits that support their health, financial security, and overall well-being.

 

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A Vision Plan for Everyone

Community Eye Care (CEC) is a modern alternative to traditional vision plans—designed to be simple, flexible, and affordable for all employees.

 

Freedom of Choice

Members enjoy the flexibility of selecting the eyewear that best fits their needs. The flexible eyewear allowance can be applied toward:

• Prescription glasses
• Non-prescription eyewear
• Sunglasses
• Safety glasses
• Blue light blocking glasses

A Simple Plan Design

CEC’s plan design is straightforward, making it easy for employers to explain and simple for employees to use. Each plan renews every 12 months and includes:

• Annual Eye Exam: Routine exam with an optometrist or ophthalmologist.
• Eyewear Allowance: Annual allowance for prescription and non-prescription eyewear.
• Contact Lens Fitting: Independently covered annual fitting for contact lenses.

 

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Help Fill the Gaps
(MIT Sponsored Voluntary Options)

Voluntary Life and Accident Death & Dismemberment

In addition to the plan’s $15,000 basic life insurance policy, MIT members have the option to purchase additional voluntary coverage.

 

Employee Coverage

• Available in increments of $10,000
• Up to the 2026 Guaranteed Issue amount of $200,000
• Coverage may not exceed 5 times base annual earnings (lesser of the two)
• No Evidence of Insurability (EOI) form required

Spousal Coverage

• Available in increments of $5,000
• Maximum benefit: 50% of employee coverage, up to $50,000

Dependent Child Coverage

• Available in increments of $5,000
• Maximum benefit: $10,000

Additional Protection

 

All voluntary life insurance policies include Accidental Death and Dismemberment (AD&D) coverage, providing added financial security for members and their families.

 

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Voluntary Critical Illness Insurance

Facing a serious illness at any age can be challenging—physically, emotionally, and financially. While primary health insurance may cover many expenses, out-of-pocket costs can still add up quickly. Critical Illness Insurance provides a lump-sum cash benefit upon diagnosis of a covered illness, giving members the flexibility to use the funds however they choose.

 

Total Trust Perk (Embedded) Coverage

• MIT provides a $5,000 Critical Illness Insurance policy at no cost to the Primary MIT member.

 

Additional Voluntary Critical Illness Coverage Options for MIT Members

 

Members may purchase additional coverage for themselves or their dependents at reduced rates:

• Primary MIT Member (Employee) Coverage: Increments of $5,000, up to a maximum of $20,000.
• Spousal Coverage: Increments of $5,000, up to 100% of employee coverage (maximum $20,000). Premiums are based on the employee’s age.
• Dependent Child Coverage: Increments of $2,500, up to 50% of employee coverage (maximum $10,000).

 

Voluntary Critical Illness Coverage for Non-Members

 

Employers may also offer a standalone Critical Illness Insurance policy for employees who do not have MIT coverage. Coverage specifics are the same as the coverage options noted above.

 

Wellness Benefit

 

The Voluntary Critical Illness policy includes a $100 wellness benefit per covered individual, including dependents. For details on how to submit a claim and receive the wellness benefit, click HERE.

 

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Voluntary Accident Insurance

An accidental injury—such as a fracture, dislocation, or concussion—can disrupt daily life in many ways. While medical insurance helps cover doctor visits and treatment costs, Accident Insurance provides an additional cash benefit to help with expenses after an accident.

 

How It Works

 

With Accident Insurance, members receive payments associated with a covered injury and related services. (Click HERE to review what’s covered.) These funds can be used however you choose—whether for medical costs not covered by your health plan or everyday living expenses such as mortgage payments, utilities, or groceries.

 

Total Trust Perk (Embedded) Coverage

• MIT provides a Standard Accident Insurance policy at no cost to the Primary MIT member.

 

Additional Voluntary Accident Insurance Coverage Options for MIT Members

 

Members may purchase additional coverage for themselves or their dependents at reduced rates:

• Employee Coverage: Additional benefits for the primary covered member.
• Dependent Coverage: Options available for spouses and children.
• Provides a cash benefit in the event of a non-work-related accident.
• Funds can be used for everyday needs such as bills, rent, or car payments.

 

Voluntary Accident Insurance Coverage for Non-Members

 

Employers may also offer a standalone Accident Insurance policy for employees who do not have MIT medical coverage.

 

Wellness Benefit

 

The Voluntary Accident Insurance policy includes a $100 wellness benefit per covered individual, including dependents. For details on how to submit a claim and receive the wellness benefit, click HERE.

 

Adding Value to Your Coverage

Sun Life offers members resources designed to support them both at work and in life’s unexpected moments. Whether making important decisions, traveling, managing paperwork, or coping emotionally, Sun Life provides guidance and assistance. For loved ones, additional support is available when unforeseen events occur.

 

Member Access

 

Members enrolled in MIT’s medical coverage or supplemental benefits have access to Sun Life’s value-added services, which include:

• AbleTo Self Care: Emotional self-care tools and counseling support.
• Wellthy: End-of-life planning and family support resources.
• Assist America: Global emergency assistance services for travel and medical needs.

 

Comprehensive Support

 

These services provide professional guidance for:

• Funeral arrangements
• End of life planning legal support
• Self-Care emotional counseling
• Emergency Travel assistance

 

Availability

 

Sun Life’s resources are available 24/7/365, with both phone access and online support to ensure members and their families can get help whenever they need it.