Other CSHL Benefits Continued
Income Protection Cold Spring Harbor Laboratory (CSHL) provides income protection to benefits-eligible employees earning a salary through the Short-Term Disability Salary Continuation Plan, and the Long Term Disability Plan (LTD). The Short- Term Disability Salary Continuation Plan is fully funded by CSHL. You have the option to have CSHL pay for your LTD premi- ums or you can elect to pay for your own LTD premiums through post-tax payroll deductions. At the time you go out on LTD, there will be a 3-year look back evaluation to determine the % of premium that was paid for by CSHL versus the % of premium that was paid for by you. If in the 3 years prior to the disability you have paid for all the premiums, the LTD bene- fit will be tax-free. If in the 3 years prior to disability CSHL has paid for all the premiums, the LTD benefit will be taxable. If in the 3 years prior to disability it is a combination of how payments were made. The amount of LTD payments that will be taxable will be determined by the % of premium that was paid for by CSHL. Accident Insurance - The Hartford An accident can happen to anyone, and recovery can be costly. Your medical insurance may pick up most of the tab, but leave you with out-of-pocket expenses that add up quickly. Accident insurance can help ease the unplanned financial bur- den by complementing other insurance you may have, including medical and disability coverage. As medical costs con- tinue to rise, this additional layer of financial protection may make a difference at a time when you and your family need it most. Accident Insurance provides cash benefit(s) direct to you for a covered injury and related services , which are independent from any claims or coverage provided by your medical insurance. You can use the payment in any way you choose – from expenses not covered by your medical plan to day-to-day costs of living, such as the mortgage or your utility bills.
Coverage Level
Monthly Cost
For more information please visit: www.thehartford.com/employeebenefits Customer Service: 1-800-523-2233, M-F 8am-8pm ET Email: gbdcustomerservice@thehartford.com
Employee Only
$7.94
Employee and Spouse/Domestic Partner
$12.50
Employee and Child(ren) Employee and Family
$13.10 $20.65
Hospital Indemnity - The Hartford You can’t always predict a hospital stay, but you can plan for it. Whether an unexpected accident or a planned event, like childbirth, requires you to stay in the hospital for an extended period – you don’t have to face it without a financial safety net. Health insurance will cover your medical costs. But these benefits help provide an additional layer of financial protec- tion with a cash benefit in the event of a hospital stay. You can use the cash for anything, including medical deductibles, housing, in-home help, or groceries. You have the option to choose between a low or high benefit plan. The high benefit plan will provide a greater First Day Hospital Confinement benefit than the low benefit plan ($2,000 versus $1,000). All other benefits remain the same. Coverage Level Low Plan Monthly Cost High Plan Monthly Cost Employee Only $11.68 $20.05 Employee and Spouse/Domestic Partner $24.34 $41.88 Employee and Child(ren) $21.84 $37.18 Employee and Family $35.99 $61.49 For more information please visit: www.thehartford.com/employee-benefits/employees Customer Service: 1-800-523-2233; M-F: 8 a.m. to 8 p.m. ET Email: gbdcustomerservice@thehartford.com
15
Made with FlippingBook Online newsletter maker