SHORT TERM DISABILITY
Short-term disability insurance can help protect your income in the event of a disability by providing you a benefit for injuries and sickness that are not work related. You are eligible to enroll in this plan at your own cost and benefits are payroll deducted.
Plan Features Include:
Weekly benefits are 60% of your basic weekly pay -maximum of $1,000 per week.
Benefits begin on the 8th day of disability for accident, sickness or pregnancy. Pregnancy is covered as any other disability. Benefits are payable to 12 weeks.
Benefits are not subject to federal income tax when premiums are paid with after-tax dollars (post-tax deduction from paycheck).
You may qualify for disability benefits by meeting either an occupation test or an earnings test
Occupation Test: you may qualify under the occupation test if you are under the regular care and attendance of a doctor, and an injury, sickness or pregnancy prevents you from performing at least one of the material duties of your occupation.
Earnings Test: you may qualify under the earnings test if any injury, sickness or pregnancy prevents you from earning more than 99% of your pre-disability pay.
Voluntary Short-Term Disability Monthly Contributions:
$.19 per $10 of weekly benefit
Premium Calculation Worksheet
Weekly Pay
$ _______________
Benefit Amount
X .60
Weekly Benefit
$ _______________
/ 10.00
$ _______________
Rate per $10.00
X .19
Monthly Premium
$ _______________
X 12
Annual Premium
$ _______________
/ 26
Bi-Weekly Rate
$ _______________
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