Disability Supplemental Benefits
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You choose the maximum monthly benefit level that meets your needs. Then, if you are faced with a period of unexpected sickness on or off-the-job injury and cannot work, you will receive cash benefits to use as you see fit.
The STD policy provides coverage for the employee only, no dependent coverage. It is an event-based (becoming disabled) coverage which requires proof of loss of income. It is designed with 3 components, an elimination period for accident and sickness (0, 7, 14 or 30 days), a monthly benefit (from $400 to $2,500, or 60% of monthly earnings, whichever is less) and a benefit duration period (3, 6,12 or 24 months). The employer determines the elimination and benefit duration periods and the employee chooses the monthly benefit. However, in some instances, the employer may also choose the monthly benefit amount.
An elimination period is the number of consecutive days that the employee must be disabled in order for benefit payments to begin. No benefits are paid during the elimination period. The elimination period may be different in the event of an accident versus an illness.
A benefit duration period is the number of months that the employee may be able to collect a monthly disability benefit.
Once the employee has provided sufficient proof of disability and loss of income, and has satisfied the appropriate elimination period for injury or sickness, a monthly benefit will be paid. This monthly benefit will continue until the employee has been released by their provider to return to work (normal duties/activities) or the benefit duration has been reached.
If an employee enrolls themselves when they are initially eligible for the coverage there will be no medical questions to answer, the coverage is Guarantee Issue. Should they choose to enroll at the next annual enrollment period, regular Evidence of Insurability (EOI) will apply.