Employer Paid Short-Term Disability
Employer-Paid Short-Term Disability (STD) is a company-sponsored benefit through Principal Financial. It serves as a financial safeguard to pay a percentage of your salary should you ever have to be out of work for an extended period of time due to an injury or temporary disability such as illness, hospitalization, pregnancy, etc. This benefit is 100% employer-paid and eligible employees are automatically enrolled. A summary of the benefits offered is listed below. Refer to the plan certificate for detailed STD coverage information or visit www.principal.com .
BENEFITS
PRINCIPAL SHORT-TERM DISABILITY DETAILS
An employee will be considered disabled if, because of sickness, injury, or pregnancy, one of the following applies: - Unable to perform a majority of the substantial and material duties of his/her own job; OR Unable to earn 80% of his/her pre-disability income while working in his/her own job in a modified capacity
Definition of Disability
Elimination Period
1st Day Accident / 8th Day Sickness
First Day Hospital
No
Weekly Benefit
60% of pre-disability earnings to a max of $2,000
Max Benefit Duration
13 weeks
6
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