Page 14 - 2017-18 TechLab Benefits Guide
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Disability Insurance
Disability beneits are subject to
applicable taxes and are offset
by any other income or disability Have you considered what would happen if you couldn’t go to work as a
beneits you receive (or are eligible result of a disabling illness or accident? Disability insurance goes to work
to receive), such as Social Security when you can’t. TechLab provides disability insurance through Cigna.
and worker’s compensation.
Company Paid Short Term Disability
We ensure you have inancial protection in the event of a short term
disability. Our company paid policy provides you with a percentage of
your weekly income while you are out of work following a non-work
related accident or illness. Those eligible receive a beneit equal to 60%
of their weekly earnings up to a maximum of $1,500 per week, and are
eligible to receive this beneit for up to 13 weeks. Beneits begin on the
irst day of an accident or on the eighth day of an illness.
Company Paid Long Term Disability
Sometimes your circumstances are considered long term often meaning
greater inancial stress and hardship for your family. Our company offers
a company paid long term disability (LTD) policy to ensure your inancial
protection for a longer period of time when necessary. In the event of an
illness or accident which requires a lengthy recovery, you are eligible for
a tax-free beneit equal to 60% of your monthly salary, up to a maximum
of $10,000 per month.
This is a high level summary of your beneit coverage. Full coverage details are available in your
beneit certiicate. In the event there is a discrepancy between what is relected in this guide and
what is communicated in your certiicate, the terms of your certiicate will prevail.
14 2017–2018 Benefits Enrollment
Disability beneits are subject to
applicable taxes and are offset
by any other income or disability Have you considered what would happen if you couldn’t go to work as a
beneits you receive (or are eligible result of a disabling illness or accident? Disability insurance goes to work
to receive), such as Social Security when you can’t. TechLab provides disability insurance through Cigna.
and worker’s compensation.
Company Paid Short Term Disability
We ensure you have inancial protection in the event of a short term
disability. Our company paid policy provides you with a percentage of
your weekly income while you are out of work following a non-work
related accident or illness. Those eligible receive a beneit equal to 60%
of their weekly earnings up to a maximum of $1,500 per week, and are
eligible to receive this beneit for up to 13 weeks. Beneits begin on the
irst day of an accident or on the eighth day of an illness.
Company Paid Long Term Disability
Sometimes your circumstances are considered long term often meaning
greater inancial stress and hardship for your family. Our company offers
a company paid long term disability (LTD) policy to ensure your inancial
protection for a longer period of time when necessary. In the event of an
illness or accident which requires a lengthy recovery, you are eligible for
a tax-free beneit equal to 60% of your monthly salary, up to a maximum
of $10,000 per month.
This is a high level summary of your beneit coverage. Full coverage details are available in your
beneit certiicate. In the event there is a discrepancy between what is relected in this guide and
what is communicated in your certiicate, the terms of your certiicate will prevail.
14 2017–2018 Benefits Enrollment
