Page 14 - Leona Arizona Employment Group Flipbook
P. 14

Life Insurance and Disability




                                                                Long-Term Disability
        Life and AD&D Insurance
        Life insurance is an important part of your financial   Leona’s Long-Term Disability plan provides Full-Time
        wellbeing, especially if others depend on you for support.   employees with a monthly income once you have been
        Accidental Death & Dismemberment (AD&D) Insurance is    continuously disabled for 90 days. This plan is designed to
        designed to provide a benefit in the event of accidental   pick up where the Short-Term Disability ends in the event
        death or dismemberment.                                 you are still unable to work.


        Leona pays 100% of the cost of Basic Life and AD&D                                    Benefit
        Insurance through The Hartford for all Regular Full-Time
        employees. Both benefits are equal to 2 times your base   LTD Plan           Corporate     Non-Corporate
        annual earnings (rounded to the next $1,000), up to a    Provisions          Employees       Employees
        maximum of $350,000. Coverage is automatic; you do not
                                                                 Elimination
        need to enroll.                                                               90 days         90 days
                                                                 Period*
        Disability Insurance                                     Maximum              $6,000           $6,000
                                                                 Monthly Benefit
        Disability insurance provides income replacement
        should you become disabled and unable to work due to a   Benefit Amount      66.23% of         60% of
        non-work-related illness or injury. Leona provides Regular                monthly earnings   monthly earnings
        Full-Time employees with disability income benefits at
                                                                                   If disabled and     If disabled and
        no cost. Coverage is automatic; you do not need to enroll.
                                                                                    less than age     less than age 60,

                                                                                    70, benefits are   benefits are paid
        Short-Term Disability                                                       paid up to age   up to the Social
                                                                                    70 but not less   Security “Normal
        You must be a Full-time, Regular employee who has        Maximum Benefit    than one year.   Retirement Age”.
        completed one year of full-time employment to be eligible   Duration       If disabled at    If disabled at
        for Short-Term Disability benefits. Once eligible, you must be              age 70+,        60+, benefits
        continuously disabled for 7 calendar days (or 40 work hours)
                                                                                    benefits are    are paid based
        before benefits become payable.
                                                                                    paid up to      on schedule.
        Our plan administrator, The Hartford, determines if you meet                one year.
        the plan’s definition of disability; and Leona pays the benefit   *Number of days you must be disabled before benefits are payable
        to you through the payroll system. The Hartford will
        determine the length of the benefit period for each disability
        based upon medical documentation.
        Contact the Benefits Department as soon as possible if you
        believe you may qualify for Short-Term Disability benefits.

                             Maximum           Benefit
         Years of Service
                            Benefit Paid    (% of Base Earnings)
         Less than 1 Year    Not Eligible     Not Eligible
         1 Year to Less      320 Hours
                                                 60%
         than 3 Years         (8 Weeks)
                              496 Hours
         3 or More Years     (12 Weeks or        60%
                           90 Calendar Days)*
        *Whichever is less, if necessary, to coordinate with Long-Term Disability benefits





          14
   9   10   11   12   13   14   15   16   17   18   19