Page 13 - 2019 Heico Core Benefits Guide
P. 13
2019 | The Heico Companies Enrollment Guide
Disability
Lincoln Financial Group
Short term Disability (STD)
STD Eligibility Waiting Period
You are eligible for short term disability coverage provided by Heico on the first of the month following 60 days of continuous
employment� Lincoln Financial administers the STD plan, and the table below outlines the breakdown of benefits based on your
tenure with Heico� You must be at work on the day coverage is scheduled to begin; otherwise, your coverage will be delayed until
you return to active work � Please note your company may have a different policy � Please refer to your local HR representative for the
applicable policy�
STD Beneit
Length of Service Weeks of Short term Disability
Full Salary Half Salary
Benefits effective date to 1 year 1 12
1 to 3 years 4 22
3 to 6 years 7 19
6 to 10 years 10 16
10 to 14 years 13 13
14 to 18 years 16 10
18 to 22 years 19 7
22 to 25 years 22 4
25 years & over 26
*You may qualify for STD benefits after you have been absent from work due to an illness or injury for one week�
Long term Disability (LTD)
Lincoln Financial Group
Heico provides employer-paid long term disability (LTD) to employees working 30 hours or more a week�
Long term disability provides protection for you and your family against loss of income if you become disabled�
If you are unable to work due to a non-occupational illness or injury, and you are approved by Lincoln Financial, you will
be eligible to receive benefits of 60% of your regular monthly earnings up to $15,000 per month, after being disabled for
180 days�
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Disability
Lincoln Financial Group
Short term Disability (STD)
STD Eligibility Waiting Period
You are eligible for short term disability coverage provided by Heico on the first of the month following 60 days of continuous
employment� Lincoln Financial administers the STD plan, and the table below outlines the breakdown of benefits based on your
tenure with Heico� You must be at work on the day coverage is scheduled to begin; otherwise, your coverage will be delayed until
you return to active work � Please note your company may have a different policy � Please refer to your local HR representative for the
applicable policy�
STD Beneit
Length of Service Weeks of Short term Disability
Full Salary Half Salary
Benefits effective date to 1 year 1 12
1 to 3 years 4 22
3 to 6 years 7 19
6 to 10 years 10 16
10 to 14 years 13 13
14 to 18 years 16 10
18 to 22 years 19 7
22 to 25 years 22 4
25 years & over 26
*You may qualify for STD benefits after you have been absent from work due to an illness or injury for one week�
Long term Disability (LTD)
Lincoln Financial Group
Heico provides employer-paid long term disability (LTD) to employees working 30 hours or more a week�
Long term disability provides protection for you and your family against loss of income if you become disabled�
If you are unable to work due to a non-occupational illness or injury, and you are approved by Lincoln Financial, you will
be eligible to receive benefits of 60% of your regular monthly earnings up to $15,000 per month, after being disabled for
180 days�
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