Page 12 - 2016 Enrollment
P. 12
Long Term Disability
Long Term Disability (LTD) protects your income by providing you with a
percentage of your income while you are disabled. You have the option of
purchasing Voluntary LTD coverage. Intertek contributes 50 percent of the cost
and you pay the remaining 50 percent. Your contribution for LTD is $0.1235 per
hundred dollars of covered monthly earnings.
LTD
Beneit percentage 60%
Monthly beneit minimum Greater of $100 or 10%
Monthly beneit maximum $15,000
Beneit waiting period 180 days or end of STD beneits
Beneit duration Until you no longer meet the deinition of disability or you reach
the maximum beneit duration
LTD Payment Example
Your cost for LTD coverage is $0.1235 per $100 of monthly covered payroll. If
your monthly salary is $4,000 then your LTD cost is: $4,000/100 x $0.1235 =
$4.94 of monthly premium.
12
New Hire Enrollment
Long Term Disability (LTD) protects your income by providing you with a
percentage of your income while you are disabled. You have the option of
purchasing Voluntary LTD coverage. Intertek contributes 50 percent of the cost
and you pay the remaining 50 percent. Your contribution for LTD is $0.1235 per
hundred dollars of covered monthly earnings.
LTD
Beneit percentage 60%
Monthly beneit minimum Greater of $100 or 10%
Monthly beneit maximum $15,000
Beneit waiting period 180 days or end of STD beneits
Beneit duration Until you no longer meet the deinition of disability or you reach
the maximum beneit duration
LTD Payment Example
Your cost for LTD coverage is $0.1235 per $100 of monthly covered payroll. If
your monthly salary is $4,000 then your LTD cost is: $4,000/100 x $0.1235 =
$4.94 of monthly premium.
12
New Hire Enrollment
