Your Lam medical plan coverage goes a long way toward protecting your health—and your finances too, in the event you need medical attention. But even the best medical plan won’t cover the unexpected expenses you’ll have if you’re diagnosed with a serious illness, hospitalized, or sidelined by an accident. For those, you can purchase additional insurance from MetLife.

Additional insurance for the unexpected

Expenses can mount when you or a family member is sick or injured. Your regular bills still come in, and you may have new expenses, like meal delivery, rides, or help with chores.

That’s when this extra insurance can come in handy—especially since these plans pay you cash you can use however you want. 

Here’s what the plans have in common:

  • You receive cash for eligible claims, paid directly to you. You can use it for whatever you want.
  • You pay 100% of the plan cost through after-tax paycheck deductions. That means you won’t pay taxes on the money you receive when you file a claim.
  • You can enroll only as a new hire, during Open Enrollment, or if you have a qualifying life event during the year.
  • You can take the plans with you if you leave Lam or retire.

This is not medical insurance

These voluntary supplemental plans are not substitutes for medical insurance. You’ll still need a medical plan to cover the majority of your medical costs.

Accident insurance

With this plan, you’ll receive a lump-sum payment when you’re injured and need treatment as a result of an accident that happens when you’re not at work.

  • When you enroll, you can also enroll your spouse or domestic partner and/or children.
  • The plan covers more than 130 types of accidents, including fractures, dislocations, second- and third-degree burns, and accident-related medical tests.
  • You’re guaranteed coverage without a medical exam.
  • You can use the money you receive for anything you want.

Where to learn more

See the benefit overview [PDF] and plan summary [PDF].
Review the FAQs [PDF].
View the cost for coverage.

Into sports?

Accident insurance could be a good choice for you if you or your kids are involved in sports where injuries are possible.

Critical illness insurance

The plan pays you a lump sum if you or a covered family member is diagnosed with any of more than 25 covered illnesses, including certain cancers, stroke, heart attack, and Alzheimer’s disease. 

  • You have three coverage options: $15,000, $30,000, or $50,000.
  • When you enroll, you can also enroll your spouse or domestic partner and/or children.  
  • You can use the benefit up to five times for the same illness (with some limitations) or other covered conditions. 
  • You can use the money you receive for anything you want.
  • You and your covered dependents can earn a $50 annual screening benefit when you complete one of more than 50 eligible screenings, including cholesterol testing, COVID-19, or an eye exam.

Where to learn more

See the benefit overview [PDF] and plan summary [PDF].
Review the FAQs [PDF].
View the cost for coverage.

Hospital indemnity insurance

The plan pays you money when you or a covered family member is hospitalized for a covered accident, illness, or childbirth.

  • The plan pays a lump-sum benefit for hospitalization—plus a daily amount for each day of your hospital stay. It also pays additional amounts if you’re confined to an intensive care unit and if you need rehabilitation after your hospital stay.
  • You’re guaranteed coverage without a medical exam.
  • You can use the money you receive for anything you want.
  • You and your covered dependents can earn a $50 annual screening benefit when you complete one of more than 50 eligible screenings, including cholesterol testing, COVID-19, or an eye exam.

Where to learn more

See the benefit overview [PDF] and plan summary [PDF].
Review the FAQs [PDF].
View the cost for coverage.

Having a baby?

Hospital indemnity insurance pays money when you’re hospitalized for childbirth. You can leave the hospital with a new baby and some cash.