Page 26 - 2024 Employee Benefits Guide

Long-term disability benefit

Benefit Coverage

Monthly Benefit Amount 60%

Maximum Monthly Benefit Amount $10,000
Minimum Monthly Benefit $100

Waiting Period 90 days

LTD benefits are paid if you are unable to perform the material duties of
your own occupation for the first 24 months of disability. If after that time
you are unable to perform the material duties of any occupation, your
benefits may continue to the maximum benefit period (Social Security
normal retirement age).

While you are on LTD leave, your sick leave, vacation leave, and personal
days continue to accrue.

Long-term disability pre-existing condition limitation

LTD coverage is subject to a pre-existing condition limitation. The
pre-existing condition period is the three months immediately before
your date of hire. If you have a pre-existing condition during limitation
period, your condition will not be covered until you have been covered
by the plan for 12 months. A pre-existing condition is any condition
caused by an injury or sickness for which you consulted a doctor,
received medical treatment (including testing and diagnostic services),
or obtained prescribed medication during the three months immediately
before your date of hire.
Benefit premiums while on long-term disability
If your disability leave is greater than six months in duration (90 calendar
days of STD and 90 calendar days of LTD) and you remain employed by
Texas Mutual, the company will cease to pay its portion of the premiums
for your medical, dental, group life and accident, STD and LTD insurance
coverage. You may elect to continue your medical and dental coverage
through the Consolidated Omnibus Budget Reconciliation Act of 1985
(COBRA). You will receive a COBRA notification letter explaining this to
you at the applicable time.

Supplemental long-term disability insurance
UNUM Individual Disability Insurance provides you the opportunity to
supplement the company-provided long-term disability benefits by an
additional 15% of your income should you become disabled and unable
to work. The UNUM Individual Disability Policy is fully portable and offers
a group-discounted rate. Policies are available on a guaranteed basis
upon hire. New hires will automatically receive a policy quote directly
from UNUM.

22 2024 Employee Benefits Guide