Page 34 - Skechers 2022 Benefits Guide

DISABILITY PLAN OVERVIEW
GROUP LONG-TERM DISABILITY (LTD)*
All benefit-eligible employees* receive Long-Term Disability Insurance at no cost to you. Long-Term Disability income benefits are provided as a source of income. If you are disabled and unable to work, the benefits will pay after a waiting period.
GROUP LONG-TERM DISABILITY BENEFIT HIGHLIGHTS
This plan excludes, for 12 months, any pre-existing condition, condition/ symptom, related to a consult with a physician, treatment received, or prescription drug taken in the 3 months prior to your initial effective date. After being on the plan for 12 months, the pre-existing condition limitation no longer applies. Effective 1/1/2022, Skechers has increased the maximum benefit from $10,000 to $15,000 per month. As such, the added $5,000 per month benefit is subject to this pre-existing condition limitation.
DISABILITY PLAN OVERVIEW
Most of us rely on our paycheck to cover bills and everyday expenses. But what if you became sick or injured tomorrow? Could you afford to go a few months or even a few weeks without a paycheck? Disability coverage will help protect you in this situation.
How Do I Enroll In Long Term Disability Insurance?
For the Long Term Disability Insurance, U.S. Domestic and Puerto Rico Full-Time and ACA eligible employees will automatically be enrolled. For the Voluntary Short Term Disability Insurance, you must make your selection online through skechersbenefits.com.
Benefit Waiting Period
Maximum Monthly Benefit
After 180 days from the date of your disability
60% of your monthly salary up to $15,000 per month
Minimum Monthly Benefit $100
Maximum Benefit Duration
24 months if unable to perform duties
of own occupation or Social Security retirement age if unable to perform duties of any occupation
* This benefit is provided to U.S Domestic and Puerto Rico full-time and ACA eligible employees and does not apply to Expatriate employees.
VOLUNTARY SHORT-TERM DISABILITY (STD)
Short-Term Disability Insurance can pay you a percentage of your gross weekly earnings (up to the maximum allowed by your plan) if you become ill or injured and can’t work. It can help you cover your expenses and protect your finances at a time when you’re experiencing an income loss and have extra medical bills.
This plan excludes, for 12 months, any pre-existing condition, condition/ symptom, related to a consult with a physician, treatment received, or prescription drug taken in the 3 months prior to your initial effective date. After being on the plan for 12 months, the pre-existing condition limitation no longer applies.
VOLUNTARY SHORT-TERM DISABILITY BENEFIT HIGHLIGHTS
Benefit Waiting Period
Maximum Monthly Benefit
Minimum Monthly Benefit
Maximum Benefit Duration
**If you reside in CA, NJ, RI or HI
RELIANCE STANDARD
After 7 days from the date of your disability
70% (or 15% in addition to state disability**) of your monthly salary up to $10,000 per month
$25
25 weeks
34 SKECHERS
STD & LTD Member Services: 800-351-7500 Member Website: reliancestandard.com