VOLUNTARY SHORT TERM DISABILITY
McKibbon Hospitality offers you the option to purchase short term disability (STD) insurance. STD is insurance for your paycheck should you become disabled due to an off the job injury or illness for a period of time.
WHEN WOULD THE BENEFIT START?
Benefits would begin on the 30 th day from injury or illness.
HOW MUCH WOULD THE BENEFIT PAY? The benefit would pay 60% of your weekly pre-disability earnings to a maximum of $1,000.00 per week.
HOW LONG WILL THE BENEFIT PAY?
The benefit would pay out to a maximum of 9 weeks or until you no longer meet the definition of disability, whichever occurs first.
EXAMPLE: Sue makes $40,000 annually. She become temporarily disabled and goes out on short term disability. She would receive a weekly benefit of $461.54 (60% of her weekly earnings) per week, up to 9 weeks or until she is no longer disabled (whichever is first).
PRE-EXISITING CONDITIONS ARE EXCLUDED. If you had a pre-existing condition within the 3 months prior to coverage becoming effective, you would not be eligible to claim for any disability resulting from that condition if the disability occurs within 12 months of the start of coverage.
WHEN WOULD I NEED TO SHOW EVIDENCE OF GOOD HEALTH TO GET STD INSURANCE?
If you elect coverage outside your newly eligible period you will be required to provide Evidence of Insurability (EOI). Completed EOIs should be submitted to United Healthcare directly. The fax number is listed on the form.
LONG TERM DISABILITY
McKibbon Hospitality provides you with long term disability (LTD) insurance. LTD is also insurance for your paycheck should you become disabled off the job.
McKibbon Hospitality pays 100% of the cost for LTD coverage. This benefit is at NO COST TO YOU.
WHEN WOULD THE BENEFIT START?
Benefits would begin on the 90 th day from injury or illness.
HOW MUCH WOULD THE BENEFIT PAY?
The benefit would pay 60% of your monthly pre-disability earnings to a maximum of $6,000.00 per month.
HOW LONG WILL THE BENEFIT PAY?
The benefit would pay out until Social Security Normal Retirement Age.
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