Page 14 - Ideal Option 2020 New Hire Guide
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If you elect coverage when Short Term Disability (STD)
initially eligible, each year at open The company provides short term disability (STD) insurance to help
enrollment, you may increase your provide inancial security until you get back on your feet and return to
coverage by $10,000 or $20,000 up work from a non-work related accident or illness.. The plan covers 60%
to the guarantee issue level without of your pre-disability earnings for up to 11 weeks to a maximum weekly
answering any medical questions. beneit or $1,250. There is a 14-day waiting period for illnesses and
If you elect coverage for your accident.
spouse and/or children when
initially eligible, you may increase
your spouse’s coverage by $5,000 Long Term Disability (LTD)
or $10,000 up to the guarantee Ideal Option is pleased to provide all employees the option to purchase
issue level and your children’s LTD coverage. Disabilities lasting more than 90 days are considered “long
coverage to $10,000 without term.” In the event you are unable to work due to a work or non-work-
answering any questions. If you related accident or illness, this program will pay you a monthly beneit of
decline coverage for yourself 60% of your pre-disability monthly earnings to a maximum of $15,000
or your family members when per month. Upon approval, beneits will begin on the 91st day and would
initially eligible and later elect continue until you are no longer disabled or until you reach the Social
coverage, you must complete EOI Security normal retirement age. The plan has pre-existing condition
and be approved for coverage, limitation exclusion. A pre-existing condition includes any condition/
the only exception is due to a life symptom for which you consulted with a physician, received treatment, or
event. In order for your basic took prescribed drugs in the 3 months prior to your effective date under
life or voluntary life and AD&D plan. If you become disabled within the irst 12 months of coverage due
coverage to be effective, you must to a pre-existing condition, no beneits would be provided by the plan.
be actively at work on the day Please review your enrollment materials for more plan details.
coverage is effective. Coverage for
your spouse and/or dependent * If you do not elect coverage when initially eligible, you will be required to provide proof
of insurability to be insured later. You must be actively at work when initially elected for
children will not be effective unless coverage to be efective.
they are performing the functions
of similarly situated spouses/
dependent children.
Life and disability insurance is
provided through Cigna.
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initially eligible, each year at open The company provides short term disability (STD) insurance to help
enrollment, you may increase your provide inancial security until you get back on your feet and return to
coverage by $10,000 or $20,000 up work from a non-work related accident or illness.. The plan covers 60%
to the guarantee issue level without of your pre-disability earnings for up to 11 weeks to a maximum weekly
answering any medical questions. beneit or $1,250. There is a 14-day waiting period for illnesses and
If you elect coverage for your accident.
spouse and/or children when
initially eligible, you may increase
your spouse’s coverage by $5,000 Long Term Disability (LTD)
or $10,000 up to the guarantee Ideal Option is pleased to provide all employees the option to purchase
issue level and your children’s LTD coverage. Disabilities lasting more than 90 days are considered “long
coverage to $10,000 without term.” In the event you are unable to work due to a work or non-work-
answering any questions. If you related accident or illness, this program will pay you a monthly beneit of
decline coverage for yourself 60% of your pre-disability monthly earnings to a maximum of $15,000
or your family members when per month. Upon approval, beneits will begin on the 91st day and would
initially eligible and later elect continue until you are no longer disabled or until you reach the Social
coverage, you must complete EOI Security normal retirement age. The plan has pre-existing condition
and be approved for coverage, limitation exclusion. A pre-existing condition includes any condition/
the only exception is due to a life symptom for which you consulted with a physician, received treatment, or
event. In order for your basic took prescribed drugs in the 3 months prior to your effective date under
life or voluntary life and AD&D plan. If you become disabled within the irst 12 months of coverage due
coverage to be effective, you must to a pre-existing condition, no beneits would be provided by the plan.
be actively at work on the day Please review your enrollment materials for more plan details.
coverage is effective. Coverage for
your spouse and/or dependent * If you do not elect coverage when initially eligible, you will be required to provide proof
of insurability to be insured later. You must be actively at work when initially elected for
children will not be effective unless coverage to be efective.
they are performing the functions
of similarly situated spouses/
dependent children.
Life and disability insurance is
provided through Cigna.
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