SHORT-TERM DISABILITY INSURANCE
Short-Term Disability (STD) Insurance is an Employer paid benefit provided to all "full-time regular" employees who are unable to work because of a qualifying disability due to an injury or illness. Short-Term Disability Insurance provides income protection in the event you become disabled and are unable to work due to sickness or non-occupational injury, including pregnancy, for a short period of time.
SHORT-TERM DISABILITY (STD) INSURANCE BENEFITS FOR A QUALIFYING DISABILITY (ILLNESS OR INJURY)
Pays 66 2/3% of your salary (up to a maximum of $750.00) per week
STD may provide up to 26 weeks of coverage, depending upon the qualifying disability
Zero-day (0) waiting period in the event of an accident
Seven-day (7) waiting period in the case of an illness. An employee must use vacation and/or personal time to cover this period of loss
Employer paid benefit
Disabilities arising from pregnancy or pregnancy-related illness are treated the same as any other illness that prevents an employee from working. Disabilities covered by workers' compensation are excluded from STD coverage.
BENEFIT AMOUNT 66 2/3% of weekly earnings
BENEFIT MAXIMUM $750.00 per week
BENEFITS BEGIN AFTER 1st day for accident, 8th day for illness
MAXIMUM BENEFIT PERIOD Up to 26 weeks
LONG-TERM DISABILITY INSURANCE
The Long-Term Disability (LTD) Insurance plan is an Employer paid benefit provided for all "Full-Time Regular" employees that provides income protection in the event an employee has become disabled from a qualifying injury or illness requiring a long-term absence from their employment.
LONG-TERM DISABILITY INSURANCE (LTD) BENEFITS FOR A QUALIFYING DISABILITY (ILLNESS OR INJURY)
Once the short-term disability benefits expire (after 26 weeks or 180 days of short-term disability insurance), long-term disability insurance may begin if your qualifying disability has been approved for LTD
LTD pays 60% of your monthly earnings, up to a maximum amount of $10,000.00 per month
The benefits last until you are able to return to work, or if permanently disabled, for the number of your remaining work years as defined in the LTD policy.
LTD benefits may be offset with amounts received from Social Security Disability Insurance (SSDI), or by workers' compensation (if applicable)
Maximum benefit period is attained when at "Social Security Normal Retirement Age"
If disabled at or after age 65, benefits are payable according to an age-based schedule, as listed on the plan document
Employer paid benefit
Please refer to your appropriate Employee Handbook, located on this website, for further information.
BENEFITS BEGIN AFTER
MAXIMUM BENEFIT PERIOD
60% of monthly earnings
$10,000.00 per month
180 days, after using 26 weeks of Short-Term Disability benefits
Social Security Normal Retirement Age, or if disabled at or after age 65, benefits payable to an age-based schedule
Life Insurance Company of North America*
*Contact Gloria Jancar, HR