Memorial Hermann is committed to helping you protect the things you work so hard for. That includes some protections at no cost to you and options for eligible employees to increase coverage based on their family’s needs.
Life and AD&D Insurance offers full-time employees and their families financial protection if the unthinkable happens, and you or a covered family member is injured or dies. The following programs are offered through Voya Financial.
You Can Update Your Beneficiary Information Any Time
Visit Workday to review and update your beneficiary information to make sure your accounts are distributed according to your wishes. You can designate both a primary and a contingent beneficiary.
Dependent life benefits will be paid to you.
Voya Financial Contact Information
Call Employee Benefits Customer Service at 800.955.7736 or visit presents.voya.com/EBRC/Memorial.
Basic life insurance provides your beneficiaries with one times your annual base salary rounded up to the nearest $1,000 (maximum coverage limitations apply) in the event of your death. For example, if your annual base salary is $50,800, your basic life insurance coverage is $51,000.
Memorial Hermann pays 100% of the premiums for basic life insurance. Full-time employees are enrolled automatically. If you are still working for Memorial Hermann when you reach age 70, your basic life insurance amount will be reduced by 50%.
Tax Implications
The federal government puts limits on the amount of life insurance that is considered a tax-free benefit. You must pay federal income and Social Security taxes on the premiums for coverage over $50,000. This is called “imputed income” and is reflected on your paycheck on a per-pay-period basis.
Your Basic Life Insurance Includes Travel Assistance
With your basic life insurance coverage, provided by Memorial Hermann at no cost to you, you also have access to Travel Assistance, which covers:
Learn more about the Travel Assistance benefits.
When you’re eligible to enroll, you can buy additional life insurance up to eight times your annual base salary (maximum coverage limitations apply). The annual cost for supplemental life insurance is your annual base salary rounded up to the next $1,000, multiplied by your chosen coverage level (up to eight times) and divided by 1,000.*
You can also purchase dependent life insurance for your spouse* and/or your child(ren).
|
Options |
Annual Cost (See Below for Rates) |
|
|---|---|---|
|
1x your annual base salary |
Annual base salary (rounded up to next $1,000) x rate divided by 1,000 |
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2x your annual base salary |
Annual base salary x 2 (rounded up to next $1,000) x rate divided by 1,000 |
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3x your annual base salary |
Annual base salary x 3 (rounded up to next $1,000) x rate divided by 1,000 |
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4x your annual base salary |
Annual base salary x 4 (rounded up to next $1,000) x rate divided by 1,000 |
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5x your annual base salary |
Annual base salary x 5 (rounded up to next $1,000) x rate divided by 1,000 |
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6x your annual base salary |
Annual base salary x 6 (rounded up to next $1,000) x rate divided by 1,000 |
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7x your annual base salary |
Annual base salary x 7 (rounded up to next $1,000) x rate divided by 1,000 |
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8x your annual base salary |
Annual base salary x 8 (rounded up to next $1,000) x rate divided by 1,000 |
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Non-Smoker |
Smoker |
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|---|---|---|
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For Every $1,000 Age Band (As of 7/1/2025) |
FY26 Annual |
FY26 Annual |
|
<25 |
$0.336 |
$0.660 |
|
25-29 |
$0.444 |
$0.828 |
|
30-34 |
$0.660 |
$1.104 |
|
35-39 |
$0.708 |
$1.248 |
|
40-44 |
$0.792 |
$1.380 |
|
45-49 |
$1.188 |
$2.076 |
|
50-54 |
$1.812 |
$3.180 |
|
55-59 |
$3.384 |
$5.940 |
|
60-64 |
$5.184 |
$9.108 |
|
65-69 |
$9.996 |
$17.532 |
|
70+** |
$16.200 |
$28.428 |
Choose What’s Right for You!
To choose how much life insurance makes sense for your family, consider:
Calculate your income replacement needs:
Multiply how much annual income your family would need to maintain their current standard of living by the numbers of years you anticipate they’d need it.
Subtract your existing resources from your financial obligations and the difference between that amount of your income replacement needs is what you should consider, adjusting for inflation.
|
Spouse Dependent Life |
Child Dependent Life |
|||
|---|---|---|---|---|
|
Options |
FY26 Annual |
FY26 Biweekly |
FY26 Annual |
FY26 Biweekly |
|
$5,000 |
N/A |
N/A |
$4.80 |
$0.18 |
|
$10,000 |
$41.52 |
$1.60 |
$9.60 |
$0.37 |
|
$20,000 |
$83.04 |
$3.19 |
N/A |
N/A |
|
$30,000 |
$124.56 |
$4.79 |
N/A |
N/A |
|
$40,000 |
$166.08 |
$6.39 |
N/A |
N/A |
|
$50,000 |
$207.60 |
$7.98 |
N/A |
N/A |
When you’re eligible to enroll, you can elect this optional insurance, which pays a benefit to you or your loved ones in the event you or a covered dependent suffers accidental injuries that result in death or dismemberment.
If you or your covered dependents sustain an accidental bodily injury while insured and the injury directly causes one of the following losses within 365 days after the incident, the plan will pay as follows:
| Loss | Benefit |
| Loss of Life | 100% of elected coverage |
| Loss of One Member (Hand, Foot, or Eye) | 50% of elected coverage |
| Loss of Two or More Members (Hand, Foot, or Eye) | 100% of elected coverage |
| Loss of Thumb and Index Finger | 25% of elected coverage |
| Loss of Both Speech and Hearing in Both Ears | 100% of elected coverage |
| Loss of Either Speech or Hearing in Both Ears | 50% of elected coverage |
| Loss of Hearing in One Ear | 25% of elected coverage |
| Quadriplegia (Paralysis of Both Arms and Both Legs) | 100% of elected coverage |
| Paraplegia (Paralysis of Both Legs) | 75% of elected coverage |
| Hemiplegia (Paralysis of Arm and Leg of Same Side) | 50% of elected coverage |
If you or your covered dependent sustains more than one loss resulting from the same accident, the benefit will be the largest single amount listed, and it will not exceed the elected coverage amount.
If you are still working when you reach age 70, your AD&D coverage will be automatically reduced to 50% of the original coverage amount.
|
Employee Only |
Employee + Family |
|||
|---|---|---|---|---|
|
Options |
FY26 Annual |
FY26 Biweekly |
FY26 Annual |
FY26 Biweekly |
|
$50,000 |
$7.20 |
$0.28 |
$12.60 |
$0.48 |
|
$100,000 |
$14.40 |
$0.55 |
$25.20 |
$0.97 |
|
$200,000 |
$28.80 |
$1.11 |
$50.40 |
$1.94 |
|
$300,000 |
$43.20 |
$1.66 |
$75.60 |
$2.91 |
|
$400,000 |
$57.60 |
$2.22 |
$100.80 |
$3.88 |
|
$500,000 |
$72.00 |
$2.77 |
$126.00 |
$4.85 |
The following timeframes apply to basic, supplemental and dependent life and AD&D coverage.