All program and pricing information was current at the time of publication (April 2013) and is subject to change without notice.
You don’t need a life insurance policy — or do you?
You’ve probably never thought about life insurance until now. And why should you? You’re young, you’re healthy and you have plenty of time to think about it later.
Here’s why you should consider it NOW: to protect your loved ones
against the unexpected.
Did you know that if you have debt and you pass away, that debt
could fall on the shoulders of your parents or spouse? This includes
school, auto or personal loans, credit card debt, even a mortgage.
On average, an educator in Massachusetts who receives 50 percent
financial assistance toward his or her education would still need
between $30,000 and $150,000 in life insurance just to cover
student loans. Buying life insurance ensures that a time of tremendous
personal loss will not also become one of financial stress.
One of the best reasons to purchase a life insurance policy when
you’re young is that it’s less expensive. The cost of life insurance is
based on your health, so if you get sick, you may not be able to buy
it at a reasonable cost, or at all, later in life. Term life insurance is a
cost-effective option because you choose how much coverage you
want, and premiums remain level each year.
MTA Benefits offers a program with Boston Mutual Life Insurance
Company that allows all new members who enroll within three
years of joining the MTA to purchase the Guaranteed Issue Amount
of Life Insurance with no medical questions. New members under age
35 can purchase a $50,000 policy for just $3 per month, or $100,000
of coverage for $6 per month. Educators who have been members for
more than three years are still eligible for life insurance and should
contact MTA Benefits at 800.336.0990 or visit www.mtabenefits.com
for more information.
Introducing the MTA Prescription Drug Card
The new free MTA prescription drug card gives you a discount on drugs that
aren’t covered – or are only partially covered – by your insurance. Average
savings are roughly 30 percent but can be as high as 75 percent. The card
is accepted at more than 56,000 pharmacies nationwide.
Benefits that make this card different from other
prescription drug cards include:
• No enrollment or claim forms, no eligibility or income requirements,
no waiting periods, no age restrictions.
• Covers all medications, name-brand and generic, and includes many
• Includes drugs for pre-existing conditions.
• Confidentiality – no personal information will be sought, so personal
information can’t be shared.
It’s easy to sign up.
and click on the
MTA Prescription Drug Card image.