VOLUNTARY SHORT TERM DISABILITY
McKibbon Hospitality offers you the option to purchase short term disability (STD) insurance. STD is insurance for your paycheck should you become disabled due to an off the job injury or illness for a period of time.
WHEN WOULD THE BENEFIT START?
Benefits would begin on the 15 th day from injury or illness.
HOW MUCH WOULD THE BENEFIT PAY? The benefit would pay 60% of your weekly pre-disability earnings to a maximum of $350.00 per week.
HOW LONG WILL THE BENEFIT PAY?
The benefit would pay out to a maximum of 13 weeks or until you no longer meet the definition of disability, whichever occurs first.
EXAMPLE: John makes $25,000 annually. He become temporarily disabled and goes out on short term disability. He would receive a weekly benefit of $288.46 (60% of his weekly earnings) per week, up to 13 weeks or until he is no longer disabled (whichever is first).
PRE-EXISITING CONDITIONS ARE EXCLUDED. If you had a pre-existing condition within the 3 months prior to coverage becoming effective, you would not be eligible to claim for any disability resulting from that condition if the disability occurs within 12 months of the start of coverage.
WHEN WOULD I NEED TO SHOW EVIDENCE OF GOOD HEALTH TO GET STD INSURANCE?
If you enroll in the STD coverage at this year’s open enrollment you are automatically pre-approved for the coverage. If you choose to elect coverage outside the 2019 open enrollment or outside your newly eligible period (for new hires) you will be required to provide Evidence of Insurability (EOI). Completed EOIs should be submitted to United Healthcare directly. The fax number is listed on the form.
ACCIDENT COVERAGE VS SHORT TERMDISABILITY
Accident coverage –
Accident coverage provides you a set benefit amount for injuries as a result of an accident.
For example:
(Payable) a broken leg due to a fall is a injury as a result of an accident X (NOT payable) a hospitalization due to kidney stones
Short Term Disability coverage –
Short Term Disability coverage provides you a percent of your salary if you become temporarily disabled due to illness or
off the job injury.
Examples of possible short term disability illnesses and/or injuries: • Pregnancy •
Illnesses or conditions such as stroke, heart attack, and cancer that leave you unable to work for at least for more than 7 consecutive days. • Accidents and hospitalizations that leave you unable to work for at least for more than 7 consecutive days.
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