LONG TERM DISABILITY INSURANCE
Jagged Peak provides Long Term Disability insurance to all full-time employees working 30 or more hours per week. The chart below provides an overview of the plan and who pays the cost.
What is Long Term Disability (LTD)? LTD insurance provides you with a monthly cash benefit to help you pay your bills if a covered disability prevents you from working for an extended period of time.
Long Term Disability
Benefit % of Monthly Covered Payroll
60%
Monthly Maximum
$6,000
Elimination Period
90 days
All Florida Employees and Ohio Salary/ Exempt: Normal Social Security Retirement Age
Benefit Duration
Ohio Hourly/ Non-exempt: 2 year maximum
Jagged Peak pays 100% of the Long Term Disability cost for all employees.
HOSPITAL INSURANCE
Jagged Peak provides Voluntary Hospital insurance to all full-time employees working 30 or more hours per week. The chart below provides an overview of the plans and rates.
Hospital Benefit Summary
Subcategory
Benefits
Low Plan
High Plan
Non- ICU Hospital Admission payable 1 time per Accident
$500
$1,000
Accident – Hospital Admission Benefit
Intensive Care Unit Admission payable 1 time per Accident
$1,000
$2,000
Non- ICU Hospital Confinement is payable for up to 31 days per covered person (starting on day 1) ICU Accident Hospital Confinement is payable for up to 31 days per covered person (starting on day 1) Inpatient Rehabilitation Benefit is payable for up to 15 days per covered person per accident, but not to exceed 30 days per calendar year.
$100
$200
Accident – Hospital Confinement Benefit
$200
$400
Rehab
$100
$200
Non-ICU Hospital Admission payable 1 time(s) per calendar year
$500
$1,000
Sickness – Hospital Admission Benefit
Intensive Care Unit Admission payable 1 time(s) per calendar year
$1,000
$2,000
Non-ICU Sickness Hospital Confinement is payable for up to 31 days per covered person (starting on day 1) ICU Sickness Hospital Confinement is payable for up to 31 days per covered person (starting on day 1)
$100
$200
Sickness – Hospital Confinement Benefit
$200
$400
Employee Cost Per Pay Period
Low Plan
High Plan
Employee Only
$ 3.76 $ 7.29 $ 6.81 $11.58
$ 7.52 $14.58 $13.61 $23.16
Employee + Spouse Employee + Child(ren)
Family
11
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