Long-Term Disability VPP provides voluntary, long-term disability coverage in addition to the employer-paid STD coverage. This optional coverage is available as another layer of income security. This benefit is designed to supplement a portion of your income if you are unable to work for a limited period due to a qualifying condition.
What's available to me? Your income is important - you depend on it for almost everything. If you’re too sick or hurt to work for a long period of time, you can rely on long-term disability insurance to replace a portion of your monthly income. Your primary monthly benefit is 60% of your earnings prior to your disability up to $10,000 minus other income sources.
ELIGIBILITY
Job Class
All Members
All active, full-time employees (except seasonal, temporary, or contract workers) who work at least 30 hours per week. BENEFITS PAYABLE
Eligible Members
Primary Monthly Benefit
60% of your earnings up to $10,000
Benefit Amount
Primary monthly benefit minus other income sources BENEFIT QUALIFICATION Benefits begin after 90 days of being unable to work
Elimination Period
If you begin receiving benefits under age 62, benefits are payable until the later of the date you reach age 65 or 42 months. After age 62, period varies, see policy documents for details.
Benefit Payment Period
Maternity
Treated the same as any other disability LIMITATIONS & EXCLUSIONS 3 months prior / 12 months insured
Pre-existing conditions
Other Limitations
There are additional limitations to your coverage. A complete list is included in your booklet
What is the cost for LTD coverage? It is important to note a voluntary plan is an employee- paid coverage option. Electing this coverage through VPP allows you to access the group rates that are typically much more affordable than electing coverage as an individual. The rates will vary based on age during enrollment. See your paycom portal or reach out to AGM benefit support for more details.
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