Help with accident insurance claims
How to submit an accident and wellness claim
Benefits are paid by check in a lump-sum.
No. The accident policy doesn’t coordinate or offset with anything including medical insurance, workers’ compensation, disability benefits, other accident policies, etc.
Yes. The claim must be submitted within 12 months of the date the test was completed.
It depends how the premiums were paid.
- For premiums paid with pre-tax dollars, the benefit is taxable. However, we don’t withhold taxes from the actual benefit payment.
- For premiums paid with post-tax dollars, the benefit is non-taxable.
- For premiums paid with a mix, only the portion paid with pre-tax dollars is taxable.
Yes. There is no coordination of benefits, so a member can receive 2 wellness benefits. Because the wellness form is the same for both policies, the employee only needs to submit the form once.
This information is provided with the understanding that Principal® is not rendering legal, accounting or tax advice. Consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.
ACCIDENT INSURANCE PROVIDES LIMITED BENEFITS. Insurance issued by Principal Life Insurance Company, Des Moines, IA 50392.