Page 11 - 2020 Goodwill Benefits Guide
P. 11
2020
Goodwill Industries Benefits Enrollment
What is Evidence of Insurability (EOI)?
If EOI is required this means you must provide certain information All life insurance benefits
are paid to the beneficiary
about your health in order for the insurance company to review your you designate. Benefits
information and approve you for coverage. enrollment is an excellent
time to make sure your
Visit www.bentegrity-online.com/ beneficiary information is
accurate and up to date.
standaloneeoi/goodwillTN to complete EOI
online or scan the QR code.
DISABILITY INSURANCE
Voluntary Short Term Disability (STD)
You can purchase short term disability (STD) insurance to help provide inancial security until you get back on
your feet and return to work. The plan covers 60% of your pre-disability earnings up to a weekly maximum
of $2,500 for up to 24 weeks. There is a 14-day waiting period after you become disabled. If you are receiving
Supplemental Security Income, your disability beneit will be offset.
Short Term Disability Cost Calculation Example
Example Rate Per $10 of Covered Weekly Beneit (Annual Earnings/52 x Estimated
0.60)
Weekly Beneit
Cost
Annual Salary of $25,000 $0 .688 × $288 / 10 = $19 .81
Voluntary Long Term Disability (LTD)
You can purchase long term disability (LTD) insurance to offer you inancial assistance in the event you are
unable to work for an extended period of time. The plan covers 60% of your monthly pre-disability earnings.
The maximum beneit of base coverage is $10,000 monthly. Beneits will continue as long as you remain disabled
to the earlier of age 65 or the beneit determination based on your age when you become disabled. If you are
receiving Supplemental Security Income, your disability beneit will be offset.
Long Term Disability Cost Calculation Example
Example Rate Per $100 of Covered Weekly Beneit (Annual Earnings/12 x Estimated
Cost
Weekly Beneit
0.60)
Annual Salary of $25,000 $0 .798 × $1,250 / 100 = $9 .98
Important Note on Disability Rates
Rates may change for the new year based on your age.
11
Goodwill Industries Benefits Enrollment
What is Evidence of Insurability (EOI)?
If EOI is required this means you must provide certain information All life insurance benefits
are paid to the beneficiary
about your health in order for the insurance company to review your you designate. Benefits
information and approve you for coverage. enrollment is an excellent
time to make sure your
Visit www.bentegrity-online.com/ beneficiary information is
accurate and up to date.
standaloneeoi/goodwillTN to complete EOI
online or scan the QR code.
DISABILITY INSURANCE
Voluntary Short Term Disability (STD)
You can purchase short term disability (STD) insurance to help provide inancial security until you get back on
your feet and return to work. The plan covers 60% of your pre-disability earnings up to a weekly maximum
of $2,500 for up to 24 weeks. There is a 14-day waiting period after you become disabled. If you are receiving
Supplemental Security Income, your disability beneit will be offset.
Short Term Disability Cost Calculation Example
Example Rate Per $10 of Covered Weekly Beneit (Annual Earnings/52 x Estimated
0.60)
Weekly Beneit
Cost
Annual Salary of $25,000 $0 .688 × $288 / 10 = $19 .81
Voluntary Long Term Disability (LTD)
You can purchase long term disability (LTD) insurance to offer you inancial assistance in the event you are
unable to work for an extended period of time. The plan covers 60% of your monthly pre-disability earnings.
The maximum beneit of base coverage is $10,000 monthly. Beneits will continue as long as you remain disabled
to the earlier of age 65 or the beneit determination based on your age when you become disabled. If you are
receiving Supplemental Security Income, your disability beneit will be offset.
Long Term Disability Cost Calculation Example
Example Rate Per $100 of Covered Weekly Beneit (Annual Earnings/12 x Estimated
Cost
Weekly Beneit
0.60)
Annual Salary of $25,000 $0 .798 × $1,250 / 100 = $9 .98
Important Note on Disability Rates
Rates may change for the new year based on your age.
11
