Culture
Eligibility
Health
Medical and Prescription Plans Spending Accounts Choosing the Right Medical Plan Waters Wellness Now – with Virgin Pulse! Dental Plan Vision Plan Retiree Health Care Reimbursement Plan Telemedicine with Teladoc Critical Illness Insurance and Accident Insurance Health Advocacy Services Medical Experts by Teladoc Hinge Health for Musculoskeletal Help Livongo for Diabetes or Hypertension Fitness Savings Savory Living for Nutrition Genetic Testing Key Health Definitions
Finance
401(k) Savings Account Employee Stock Purchase Plan Financial Planning Retiree Health Care Reimbursement Plan Dependent Care FSA Workplace Banking/Credit Unions Disability Insurance Life & ADD Insurance Whole Life Insurance Business Travel Protection Identity Theft Protection Auto, Home, and Personal Property Insurance Pet Insurance Key Finance Definitions
Work/Life Balance
Employee Assistance Program Education Assistance College Tuition Benefit Matching Gift Program Paid Time Off Worldwide Travel Assistance Program Legal Plan Discounts & Perks Day Care and Caregiver Support Mindfulness and Resiliency Adoption Assistance Employee Activities Committees Service Recognition Award
DEI Benefits

Critical Illness Insurance and Accident Insurance

Health insurance will help you pay for a number of health expenses. But if you are sick or injured, a number of other expenses may need to be covered as well. Expenses like:

Lodging to be near a sick spouse/partner or child
Paying for day care when a spouse or partner is injured and can’t care for your children
Someone to prepare meals, clean the house, or even walk the dog
Mortgage payments, car payments, the phone bill, cable…

Critical Illness Insurance and Accident Insurance are voluntary plans that pay a cash benefit you can use to cover those expenses that surface because of a new illness or injury.

Advantages

The cash you receive can be used for anything you need. It’s yours, without restrictions. And it’s tax free.If you leave Waters, for whatever reason, you can still keep the coverage. Waters has negotiated lower rates than you may find independently.

Depositing Funds

Money is deducted from your paycheck AFTER federal taxes have been taken out.

Plan Administrator

These plans are administered by Colonial Life, or Paul Revere in New York.

The Waters Colonial and Paul Revere benefit contact is Bryan Lambert.

You can reach him at blambert@caliberbenefitsgroup.com, or (617) 423-0062.

you can find more details on these plans in the Learn – Resource Library WatersBenefitsNow.com.

This eGuide is only a brief summary of programs. For any additional information regarding the benefit plans, you can visit the Waters Benefits Now website at WatersBenefitsNow.com, refer to the summary plan descriptions available there, or contact the Waters Benefits Now Call Center at 1-866-994-5111 if you do not have access to a computer as a regular part of your job. In the event of a conflict between this eGuide and the official plan documents, the official plan documents will govern in all cases.