Killeen ISD 2020 BENEFITS
Vo l un t a r y Bene f i t s , con t ’ d…
VOLUNTARY SHORT-TERM DISABILITY INSURANCE
Short Term Disability Insurance protects a portion of your salary should you become unable to work for a short period of time due to a non-work related covered injury or illness. Short term disability insurance can provide you up to 60% of your pre-disability income on a weekly basis up to a maximum of $1,000 per week. The Maximum Benefit Duration is 9 weeks as long as you are considered disabled according to the policy. There is an elimination period of 30 days for injury/ sickness that must pass prior to the benefits being paid. Any leave used during the benefit duration period may offset your benefit. • Premiums are based on your age at time of enrollment • Premiums will increase due to age • Employees who did not elect coverage at time of eligibility, will be subject to Evidence of Insurability.
LONG-TERM DISABILITY INSURANCE Long term disability insurance protects a portion of your income. For disabilities occurring before age 60, it can pay you a monthly benefit up to normal retirement age if you can’t work for an extended period of time due to a covered injury or illness. Long term disability insurance can pay a benefit as long as you are considered disabled according to the policy. The amount of benefit you receive from the plan may be reduced or offset by income from other sources such as Social Security Disability Insurance. You will be covered for up to 60% of your monthly income with a maximum of $5,000. There is an elimination period of 90 days that must pass before benefits will be paid.
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