Page 11 - 2023 HCTec Benefits Guide Corporate

Life Insurance and Disability

Life and AD&D Insurance Disability Insurance
Life insurance is an important part of your financial wellbeing, Disability insurance provides income replacement,
especially if others depend on you for support. HCTec should you become disabled and unable to work due to
provides basic life and accidental death and dismemberment a non-work-related illness or injury. HCTec provides eligible
insurance to all eligible associates at no cost. Coverage is associates with Short-Term Disability coverage at no cost as
automatic, but please make sure your beneficiaries are shown below. Coverage is automatic; so you do not need
always up to date. to enroll. Long-Term Disability coverage is voluntary, and
the rate is dependent on your age.
Life and AD&D Insurance
Coverage Benefit
 You are provided 1 times your base annual earnings
 60% of your weekly salary, to a
 Up to a maximum of $150,000
maximum of $2,000 per week
 Age reductions do apply.  Two week waiting period for all
Short-Term disabilities
Disability
Voluntary Life and AD&D Insurance*  11 week paid benefit duration if
continuously disabled
You may choose to purchase additional life and AD&D
 Excludes work related disabilities
coverage for yourself and your dependents at affordable
group rates. Rates are based on age and the coverage  60% of your base salary, to a maximum
level chosen. of $6,000 per month if you are disabled
and are unable to work for more than
Coverage Benefit
90 days.
Voluntary  Disabilities that occur during the first 12
 Increments of $10,000 up to 5 your
base annual salary Long-Term months of coverage due to a pre-
Employee
 Up to a $500,000 maximum Disability existing condition during the 3 months
 Guaranteed issue up to $150,000 prior to coverage are excluded
 Benefits are offset with other sources of
 Increments of $5,000 income, such as Social Security and

(not to exceed 50% of Workers’ Compensation.
Spouse your voluntary life and AD&D coverage)
 Up to a $150,000 maximum
 Guaranteed issue up to $50,000

 $10,000 per child Family Medical Leave Act (FMLA)
Child(ren)  Covered from age 6 months to age 26
 Must be added within If you have been with the company for 12 months, you
31 days of birth may be eligible for up to 12 work weeks of unpaid
leave per year under the Family and Medical Leave Act
*If you are electing or increasing your voluntary coverage (FMLA). FMLA can be used for an illness of your own,
outside of your new hire eligibility window, you will have to care needed for a family member, care for a newborn
complete an evidence of insurability (EOI) form and submit to and certain other medical needs.
Mutual of Omaha for review. Mutual of Omaha will review
and either approve or deny your additional request for
coverage.
Age reductions do apply.

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