Page 20 - 2020FCSBenefitsGuide
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Cigna Long Term Disability
Prepare for the Unexpected with Long Term
Disability (LTD) Insurance
Eligible employees are able to purchase voluntary LTD insurance (100%
employee paid) which provides beneits should you become disabled
because of a non-occupational illness or injury and cannot work in your
own job, you would qualify for LTD. This beneit would begin paying on
the 91st day of the illness or injury, but may continue until retirement.
Partner Physicians You would receive 60% of your monthly earnings to a maximum of
and Associate $10,000 per month.
Physicians
You are eligible to participate in an Pre-existing conditions will not be covered if the employee incurred
LTD plan through Cigna. You may expenses, received medical treatment, care or services including diagnostic
elect a monthly beneit equal to measures, took prescribed medications, or for which a reasonable person
50% of your covered earnings up would have consulted a physician within three months before effective
to a maximum beneit of $10,000 date of insurance. Pre-existing conditions clause will be satisied after 12
for Associate Physicians, Partner months of continuous enrollment.
Associates and up to a maximum of
$20,000 for Partner Physicians.
Employee LTD Calculation
Effects of Other To calculate your LTD bi-weekly payroll deduction, use the formula
Income Benefits indicated below. Round all numbers to the nearest whole number.
The disability beneit provided by
this plan is a total beneit; which is, Employee—Calculate Your LTD Bi-Weekly Payroll Deduction
it will be reduced by any disability Enter your annual salary* $
beneits payable on behalf of you If you work part-time, to calculate your annual salary: $
Hourly rate × # scheduled hours per week = weekly salary;
or your dependents, or a qualiied Weekly salary × 52 = annual salary
third party on behalf of you or your Divide your annual earnings by 12 (monthly income); average monthly $
dependents, whether or not you are income cannot exceed $16,666
actually receiving them. Examples Multiply the amount on line 2 by 0.60 $
$
Divide the amount on line 3 by 100 and enter the amount on line 4 to get
of other income sources which may your monthly cost
reduce your beneits include but Multiply the amount on line 4 by 12 to get your annual cost $
are not limited to Social Security Divide the annual cost by 26 to get your bi-weekly cost $
disability or retirement beneits, * To determine your annual salary, multiply your hourly rate by 2,080 hours.
Railroad Retirement Act, company
sponsored sick leave, and workers’ An evidence of insurability (EOI) form is required for approval if you
compensation. did not choose this beneit when irst eligible. The EOI must be approved
before coverage begins.
Note: Executive, and certain Physician classes may be eligible for supplemental income protection with Guardian Life, and additional disability
insurance protection through Lloyd’s of London. Details are available through SyncHR.
20 2020 Benefits Guide
Prepare for the Unexpected with Long Term
Disability (LTD) Insurance
Eligible employees are able to purchase voluntary LTD insurance (100%
employee paid) which provides beneits should you become disabled
because of a non-occupational illness or injury and cannot work in your
own job, you would qualify for LTD. This beneit would begin paying on
the 91st day of the illness or injury, but may continue until retirement.
Partner Physicians You would receive 60% of your monthly earnings to a maximum of
and Associate $10,000 per month.
Physicians
You are eligible to participate in an Pre-existing conditions will not be covered if the employee incurred
LTD plan through Cigna. You may expenses, received medical treatment, care or services including diagnostic
elect a monthly beneit equal to measures, took prescribed medications, or for which a reasonable person
50% of your covered earnings up would have consulted a physician within three months before effective
to a maximum beneit of $10,000 date of insurance. Pre-existing conditions clause will be satisied after 12
for Associate Physicians, Partner months of continuous enrollment.
Associates and up to a maximum of
$20,000 for Partner Physicians.
Employee LTD Calculation
Effects of Other To calculate your LTD bi-weekly payroll deduction, use the formula
Income Benefits indicated below. Round all numbers to the nearest whole number.
The disability beneit provided by
this plan is a total beneit; which is, Employee—Calculate Your LTD Bi-Weekly Payroll Deduction
it will be reduced by any disability Enter your annual salary* $
beneits payable on behalf of you If you work part-time, to calculate your annual salary: $
Hourly rate × # scheduled hours per week = weekly salary;
or your dependents, or a qualiied Weekly salary × 52 = annual salary
third party on behalf of you or your Divide your annual earnings by 12 (monthly income); average monthly $
dependents, whether or not you are income cannot exceed $16,666
actually receiving them. Examples Multiply the amount on line 2 by 0.60 $
$
Divide the amount on line 3 by 100 and enter the amount on line 4 to get
of other income sources which may your monthly cost
reduce your beneits include but Multiply the amount on line 4 by 12 to get your annual cost $
are not limited to Social Security Divide the annual cost by 26 to get your bi-weekly cost $
disability or retirement beneits, * To determine your annual salary, multiply your hourly rate by 2,080 hours.
Railroad Retirement Act, company
sponsored sick leave, and workers’ An evidence of insurability (EOI) form is required for approval if you
compensation. did not choose this beneit when irst eligible. The EOI must be approved
before coverage begins.
Note: Executive, and certain Physician classes may be eligible for supplemental income protection with Guardian Life, and additional disability
insurance protection through Lloyd’s of London. Details are available through SyncHR.
20 2020 Benefits Guide
