Page 19 - HWS 2021 Benefit Guide

Life insurance and disability

Life and AD&D Insurance Disability Insurance
HWS provides basic life and AD&D insurance for Disability insurance provides income replacement should
employees and offers voluntary insurance options for you become disabled and unable to work due to a
employees and their dependents. non-work-related illness or injury. The company provides
eligible associates with disability coverage at no cost as
Basic Life and AD&D Insurance shown below. Coverage is automatic; you do not need
to enroll.
Life insurance is an important part of your financial
wellbeing, especially if others depend on you for support.
The company provides basic life and accidental death and Coverage Benefit
dismemberment insurance to all eligible associates at no
cost equal to one times your base annual earnings, up to a Short-Term ΅ 60% of your weekly salary, to a maximum of
Disability
$2,500 per week for the first 24 weeks of a
maximum of $325,000. Coverage is automatic; you do not disability. Benefits begin on the 15th day of
need to enroll. accident or illness.
Long-Term ΅ 60% of your base salary, to a maximum of
Voluntary Life and AD&D Insurance Disability $10,000 per month if you are disabled and
You may choose to purchase additional life and AD&D are unable to work for more than 180 days.
coverage for yourself and your dependents at affordable ΅ Benefits are offset with other sources
group rates. Rates are based on age and the coverage of income, such as Social Security and
level chosen. Workers’ Compensation.

Voluntary Life Insurance for you

Employee Family Medical Leave Act (FMLA)
΅ Increments of $1,000 up to five your base annual salary
΅ Up to a $500,000 maximum If you have been with the company for 12 months,
΅ Guaranteed issue up to $200,000 you may be eligible for up to 12 work weeks
of unpaid leave per year under the Family and
Medical Leave Act (FMLA). FMLA can be used for
Voluntary Life Insurance for your dependents
an illness of your own, care needed for a family
Spouse Child(ren) member, care for a newborn and certain other
΅ Increments of $5,000 ΅ $2,500 minimum and medical needs.
(not to exceed 50% of $10,000 maximum, per
employees coverage child.
amount) ΅ Covered from 6 months
΅ Up to a $250,000 of age
maximum ΅ Must be added within
΅ Guaranteed issue up to 31 days of birth
$50,000

Voluntary AD&D Insurance

Employee Child
΅ $10,000 to $500,000 in ΅ Up to 10% of employee
$10,000 increments. up to amount; Maximum $10,000
a $500,000 maximum and Minimum $1,000
Spouse
΅ Up to 50% of employee
amount; Maximum
$250,000 and Minimum
$10,000

19