DISABILITY COVERAGE
VOLUNTARY SHORT TERM DISABILITY COVERAGE
If a covered illness or injury keeps you from working, Short Term Disability Insurance replaces part of your income while you recover. After you become disabled for 14 days, STD covers 60% of your weekly income, up to a maximum benefit of $1,000 per week. The weekly benefit may be reduced or offset by other sources of income. As long as you remain disabled, you can receive payments for up to 11 weeks.
Monthly Rates
Age
0-24 $0.187 25-29 $0.322 30-34 $0.442 35-39 $0.406 40-44 $0.383 45-49 $0.451 50-54 $0.602 55-59 $0.859 60-64 $1.113 65+ $1.352
VOLUNTARY LONG TERM DISABILITY COVERAGE
This coverage provides a monthly benefit if you have a covered illness or injury, and you can’t work for a few months — or even longer. If you are disabled, after 90 days, LTD covers 60% of your monthly income, up to a maximum of $6,000. The monthly benefit may be reduced or offset by other sources of income. As long as you remain disabled, you can receive benefits up to the Social Security (SS) normal retirement age.
Monthly Rates
Age
0-24 $0.20 25-29 $0.26 30-34 $0.45 35-39 $0.74 40-44 $1.26 45-49 $1.75 50-54 $2.36 55-59 $2.84 60-64 $2.80 65-69 $2.41 70+ $1.96
15 Foley Products Company Benefit Guide |
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