Page 19 - PetVet 2022 Master Benefits Guide_Final

Disability Coverage

PetVet provides you with an opportunity to enroll in Short and/or Long Term
Disability through NY Life. Disability insurance provides you with a vehicle for
income replacement which allows you to prepare for life’s unexpected
challenges if you are disabled due to a non-work related illness or accident.

Short- Term Disability

Short Term Disability (STD) insurance replaces a portion of your weekly earnings should you
become disabled and unable to work due to a non- work-related illness or injury. STD benefits will
begin after you are unable to work for 7 calendar days and may be payable for a maximum of 26
weeks.

This benefit includes:
 60% of your weekly salary to a maximum of $2,000 per week;
 STD payments offset by any amounts received from the state, where
applicable;
 PetVet currently has employees in the following states where statutory
state benefits and/or paid family leave is available: NY, NJ, CA, CT, HI & RI.
Review your specific state program before electing Voluntary STD.

Long Term Disability

Long Term Disability (LTD) insurance replaces a portion of your monthly earnings should
you become disabled and unable to work for an extended period of time due to a non-
work-related illness or injury. Benefits will begin after a 180 day qualification period and
may be payable up to age 65.

This benefit includes:
 60% of your monthly salary to a maximum of $10,000 per month

 If you do not elect coverage when you’re initially eligible to enroll, you will be required to
complete Evidence of Insurability for the full benefit amount requested. You will be subject to
New York Life approval based on their review of the information provided – approval is not
guaranteed.
 You will not be covered for any conditions which you received a diagnosis or treatment for in the
three months before or 12 months after your effective date for this coverage unless you have been
‘treatment free’ for three months from the effective date.
 Your benefit payments will be reduced by other income you receive due to your disability such as
Social Security or workers’ compensation.

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