Critical Illness Insurance

Critical Illness Insurance  


Every 40 seconds, someone in the U.S. has a heart attack or stroke.* And someone is diagnosed with cancer every 3 minutes.** If you are being treated for such critical illnesses, shouldn’t your primary focus be on getting well—not worrying about how to pay for your bills?

Critical Illness Insurance can help you by paying a lump sum benefit to help cover your out-of-pocket medical costs, including deductibles, copays, and cost-shares, or pay daily living expenses such as grocery bills, mortgage payments, transportation costs, etc.

  • Pays a lump sum benefit of up to $15,000, paid directly to you in addition to your medical insurance.
  • Your premium is conveniently deducted from your paycheck.
  • Eligible spouse and children can be insured, too.
  • Guaranteed acceptance with no medical exam.


Thanks to Stryker’s group rates, you could pay less for this insurance than you would for individual insurance you’d find on your own. For additional details, please refer to the 2023 Plan Summary.

Monthly Rates



EE + Children;
no Spouse/Domestic Partner
(1 Parent Family)

EE + Spouse/Domestic Partner or
EE + Family
(2 Parent Family)

Under 25








































* American Heart Association/American Stroke Association, “Heart Disease and Stroke Statistics 2017,”

** National Cancer Institute, National Institutes of Health, “Cancer Statistics,” viewed at This is computed by their statistic: “In 2018, an estimated 1,735,350 new cases of cancer will be diagnosed in the United States,” divided by the number of minutes in a year, 525,600.


Add critical illness coverage to help offset costs that may not be covered under your existing medical plan.

Note:  Outside of the new hire enrollment period, enrollment is limited to Stryker's annual enrollment period or within 30 days of a qualifying life event.



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How It Works


These form(s) are in Adobe Acrobat Reader (PDF) format and are available for downloading and printing.


Plan Overview
Critical Illness Certificate



Answers about the plan, including eligibility, options, enrollment, customer service and more.
  • Who is the provider?

    Transamerica Life Insurance Company


    This is a brief summary of CriticalAssistance AdvanceSM, Critical Illness Insurance underwritten by Transamerica Life Insurance Company, Cedar Rapids, Iowa. Policy form series CPCI0400 and CCCI0400. Forms and form numbers may vary. Limitations and exclusions apply. Refer to the policy, certificate and riders for complete details.

  • How can this help me?

    Gives you the comfort to recover with confidence while helping with the financial strain a serious illness can cause.


    Critical Illness Insurance pays you a lump sum benefit you can use for whatever you wish. So you can ease your worries and concentrate on getting back on your feet. Use your lump-cash payment for whatever helps the most: deductibles, ongoing household bills, in-home caregivers, mortgage or rent, family visit, or anything else you may need.

  • Who is eligible?

    All regular employees working 20 hours or more per week and eligible family members.


    Eligible family members are defined in the Participating in Healthcare Benefits section of our Summary Plan Description.

  • When can I enroll?

    As a new hire, you can enroll for guaranteed issue coverage during your new hire enrollment period. Outside of the new hire enrollment period, you can enroll for guaranteed issue coverage during Stryker’s annual enrollment period or within 30 days of a qualifying life event.
  • How much will this insurance cost me?

    Thanks to Stryker’s group rates, you could pay less for this insurance than you would for individual insurance you’d find on your own. See rate chart above for more information.
  • What if my employment status changes?

    When you leave or retire from Stryker, you can continue your insurance without interruption, subject to applicable law and the policies' terms and conditions. Although payroll deduction will no longer be available if you retire or leave Stryker, you can opt for other payment methods such as direct checking or bank account deduction, credit card billing or home billing. Higher rates may apply.


    Upon receiving notice of an employee's termination status from Stryker, Transamerica will generate a portability letter that will outline options to continue coverage and pay premiums directly to Transamerica.

  • What serious illnesses and diseases will be covered?

    Once you’re enrolled in this insurance, benefits will be paid if you have a heart attack, cancer, stroke, major organ transplant, end stage renal failure or are diagnosed with heart or coronary artery disease. For a comprehensive list of eligible conditions, see 2023 Plan Summary.
  • What if I'm diagnosed with more than one critical illness?

    Each and every different critical illness and cancer can be paid on with no total benefit limit. You are also eligible for a second payout for a recurrence of the same critical illness as long as the diagnoses are at least 12 months apart (12 months treatment free for Cancer). $15,000 is the annual maximum (100% total benefit) payout per critical illness, and some illness are covered at a benefit percentage under 100%, meaning they are not eligible for the full $15,000 payout.


    Diagnosed Covered Illness

    Total Benefit %

    Benefit Paid

    Skin cancer






    Heart attack



    Heart attack (6 months after first heart attack)


    $0 (due to recurrence within 12 months)




    Total Potential Claim Benefit*




    *Treatment and claim benefit amounts are for illustration purposes only. Actual benefit amounts will vary based on your individual diagnoses submitted.

  • Will my rates increase as I get older or if I file a claim?

    Rates are set up based on age range. Your rates may increase January 1st the year following a birthday, if the birthday moves you to a new age range. Example: July 22nd an employee turns 30, effective January 1st employee’s cost will move from 25-29 age range cost, to 30-34.
  • Is there anything the plan will not pay benefits for?

    For limitations and exclusions, please refer to the 2023 Plan Summary

Mercer's Role & Compensation

Details of Mercer disclosure of the compensation.