Employee Rate per $1,000
Spouse rate per $1,000
Less than 30
$0.032
$0.032
Age 40; 2x annual base salary elected $40,000 x 2 = $80,000 benefit $80,000 divided by $1,000 = 80 x $0.074 = $5.92 per payroll
30-34
$0.037
$0.037
35-39
$0.051
$0.051
40-44
$0.074
$0.074
45-49
$0.115
$0.115
Age 40; $50,000 $50,000 divided by $1,000 = 50 x $0.074 = $3.70 per payroll
50-54
$0.198
$0.198
55-59
$0.360
$0.360
60-64
$0.540
$0.540
$15,000 elected $15,000 divided by $1,000 = 15 x $0.055 = $0.83 per payroll
65-69
$1.019
$1.019
70 and over
$1.588
$1.588
Employee-paid optional, spouse and child accidental death & dismemberment (AD&D) You can elect additional AD&D coverage for yourself and your eligible dependents under the Optional AD&D Plan through Lincoln Financial Group. However, in order to elect coverage for your eligible dependents, you must elect additional coverage for yourself. Your coverage options, along with the plan features and rates, are summarized in the tables below.
Feature
You
Your spouse
Child(ren)
$5,000 increments, not to exceed the lesser of 50% of your Basic and Optional AD&D coverage amounts combined or $250,000
1x – 5x annual base salary, rounded to the next $1,000, up to $500,000
$5,000 increments up to $15,000 for children up to age 26 (election must be the same for all children
Coverage Amount
Evidence of Insurability (Statement of Health)
Not required
Not required
Not required
Ages 70-74: reduced to 65% Ages 75 & up: reduced to 50%
Ages 70-74: reduced to 65% Ages 75 & up: reduced to 50%
Reduction Schedule
N/A
Coverage Rate (biweekly)
$0.009 per $1,000
$0.0138 per $1,000
$0.0138 per $1,000
Disability benefits Short-Term and Long-Term Disability insurance provides you with income protection if you are unable to work due to a non-work related illness or injury. MAA provides disability insurance through Lincoln Financial Group at no cost to eligible full time associates.
If you are out of work due to a non-work related injury or illness, you have a seven day elimination (waiting) period before your benefits begin. During that time, you must use available Sick Time and/or PTO. If your disability claim is approved by Lincoln Financial Group, your STD benefits will begin on the eighth day of absence, as indicated in the table below. STD benefits are paid to you by MAA, according to the normal biweekly payroll schedule.
In the event your disability continues beyond the duration of benefits for STD, your LTD benefits will be paid to you directly by Lincoln Financial Group as indicated in the following table.
Disability Plan
When benefits begin
Duration of benefits
Payments
Maximum benefit
8th day of absence from work due to a non-work related injury or illness
Short-Term Disability
26 weeks (includes 7-day elimination period)
60% of weekly earnings*
$2,000/week
To age 65 or as determined by the plan
Long-Term Disability
181st day of disabling condition
60% of monthly earnings* $10,000/month
*Earnings are defined as base salary plus bonuses and/or commissions paid in the prior calendar year.
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