Frequently Asked Questions
GECCU Cares
Search our FAQ Database:Death Benefit
GECCU Med
SDF
Death Benefit
Death Benefit
bHow can I join the Death Benefit Program?
Every member automatically becomes a part of the death benefit programme once he/she joins the Credit Union before attaining the age of 60.
bHow do I qualify for Death Benefit?
To qualify for death benefit, members MUST join the credit union before the age of 60 years, contribute $30.00 annually towards the programme, and MUST have saved at least $120.00 in their shares within the last year of his/her membership.nNo payment would be made unless a person has been a member for six (6) months prior to the date of his/her death.
bHow much death benefit is issued upon my death?
In the event of death of the member, his/her beneficiary would be entitled to receive six thousand dollars ($6,000.00) to help off-set funeral expenses.nn
bWhat is the process for applying for the Death Benefit?
The informant /beneficiary should submit the original death certificate and the invoice from the funeral home to the Insurance Unit. Once the member qualifies for death benefit the cheque would be written to the funeral home. If the funeral home has already been paid, the proof of the payment should be provided, the payment would then be made to the named beneficiary(s).
bWhat is the yearly contribution to death benefit?
A contribution of $30.00 must be paid annually to the Death Benefit Programme.n
GECCU Med
GECCU Med
bAt what age would my plan be terminated?
There is no age limit. The plan is terminated when the maximum coverage has been exhausted. A member can choose to end their plan through writing, if there is a non-payment of premium for two months, as well as if the insured becomes deceased.
bCan I assign my benefit/payment to the provider?
Yes, it must be an agreement between you and your service provider. The authorization section of the claim form must be signed by the insured.
bCan I use this service outside of SVG, regionally or internationally?
Yes, regional and interenational service is available with some conditions including a written letter from your physician which must be pre-certified before claims can be honored.nOur affiliated provider is United Health Care and can be contacted at 1-800-718-1293nIn cases of emergency outside of working hours call Sagicor at 493-4847nPayments are based on the lowest cost in the region.n
bDo I have to do a medical to join?
Currently our Insurance Company does not require persons to do a Medical.
bDoes GECCUMED offer Air Ambulance service?
Yes, two trips per year. Referral must be in writing from the doctor or service provider.
bHow can I join GECCUMED?
Firstly, you must be a member of GECCU. You are then required to fill out two forms the Group Insurance Enrollment Form and the Health Statement for Employee.
bHow many examination for vision can I do yearly?
One visit per year per member.
bHow often can I claim for frames?
Frames can be claimed once every twenty-four months.
bHow often can I claim on lenses?
Lenses can be claimed once within a 12 month period.
bHow often must I pay premiums?
Premiums must be paid monthly no later than the 15th of each month.
bWhat are the premiums?
The premiums are as follows:nCategories Under 65 years Between 65 and 70 years Over 70nSingle $77.20 $65.70 $81.60nSingle & Other $131.61 $150.59 $146.89nFamily $183.88 $213.32 $209.62n
bWhat are the rates for GECCU Med?
Single (one person) – $77.85nSingle+ One (2 Persons) – $132.80nFamily – $201.45
bWhat does GECCU Med cover?
General Major Medical nDental & Vision nAccidental death and dismemberment
bWhat happens if I do not pay my monthly premiums?
There is a grace period of 2 months before the termination of the medical plan.
bWhat is the Co-insurance percentage with this plan?
The Co-insurance percentage is 70/30.
bWhat is the Co-insurance percentage?
This is the percentage of the cost covered by the Insurance Company. It involves splitting of cost between the Insurance Company and the customer based on an agreed ratio.
bWhat is the current deductible for Medical?
Our current deductible is $400 for the first three persons claiming yearly. The deductible would be transferred to the following year if the first claim is submitted during the period October to December.
bWhat is the deadline to submit claims?
There is a 90-day period for submitting claims after the first expense was incurred.
bWhat is the deductible?
This is a set amount, which each insured must first pay before the Insurance Company starts sharing/splitting the cost between themselves and the customers.
bWhat is the maximum age for my children on the plan?
Children must be unmarried under age 19 but up to a maximum age of 25 who are registered students in regular full-attendance at a recognized school or university.
bWhat is the maximum coverage for Medical?
Maximum coverage for Medical is one million for persons under the age of 65 years and three hundred thousand dollars for persons 65 years and older.
bWhat is the maximum coverage yearly for Dental?
One thousand dollars($1000.00)
bWhat is the maximum coverage yearly for Vision?
Eight hundred dollars ($800.00) for lens and frames.nOne hundred dollars ($100.00) for consultation/examination.n
bWhat is the maximum I can claim for preventative care?
The annual maximum for preventative care is $1200 per family.
bWhat is the maximum paid for Orthodontia?
Maximum payout for Orthodontia is EC$2,000 lifetime maximum.
bWhat is the proper procedure for submitting claims?
A Sagicor claim form must be used. The form should be completed and signed by the doctor stating the diagnosis with the relevant receipts attached, and an official stamp affixed to the form. The form must be completed and signed by the Insured or the patient ( in cases where there is a co-insured). Dependents 16 years and older must sign the form, however, dependents under the age of 16 are considered minors in which case the insured is required to sign the form.
bWhat is the waiting period for approval of new applications?
A period of one month.
bWhat is the waiting period for claim refund?
Refunds are usually within 21-day period.
bWhat is the waiting period for Dental?
Three (3) months for regular dental and six months (6) for Orthodontia.
bWhat is the waiting period for Vision? n
Six months waiting after enrolment.
bWho can join the Family plan?
The family plan is for three or more personsnSpouse of the opposite sex legally married or common law of 3 years or more,nUnmarried children before their 19th birthday, but up to a maximum age of 25 who are registered students in regular full-time attendance at a recognized school or university.nChildren include stepchildren and legally adopted children.n
bWhy is GECCUMED Affordable?
Notwithstanding the increases in premiums, GECCU’s group plan is cheaper than individual plans offered by similar institutions.
SDF
B
What is the Social Development Fund (SDF)?
The Social Development Fund was implemented to provide financial assistance to members who are seeking assistance for unemployed individuals, medical emergencies and home repairs.
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