Page 14 - Tacony 2021 Annual Benefits
P. 14
Disability Insurance Please note bonuses and commissions are not included in
Disability insurance is provided through Reliance your annual salary for the purposes of calculating disability
beneits.
Standard.
Voluntary Short Term Disability (STD) Pre-Existing Conditions
All beneit eligible associates have the opportunity to All of the disability plans have pre-existing condition
elect short term disability insurance to help provide limitations. If you receive treatment for a condition
inancial security until you get back on your feet and within the three months prior to your effective date,
return to work. You have the option of choosing you will need to wait 12 months before the plans will
between two different short term disability plans. pay beneits for the same condition. Please note that
The standard short term disability plan covers 60% of the pre-existing condition limitation will apply if you
choose to enroll in the buy-up short term disability
your pre-disability earnings for up to 11 weeks and has plan, even if you had previously satisied the pre-
a 14-day waiting period for illnesses and accidents. existing condition limitations under the standard short
The buy-up short term disability plan covers 70% of term disability plan.
your pre-disability earnings for up to 11 weeks and has
a seven-day waiting period for illnesses and accidents. Evidence of Insurability Requirements
Employees within their newly eligible period have the
Voluntary Long Term Disability (LTD) ability to elect voluntary short term and voluntary long
All beneit eligible associates have the opportunity to term coverage without having to complete evidence
elect long term disability insurance, which provides of insurability (EOI). Employees who are not in their
inancial assistance in the event you are unable to work newly eligible period will need to complete EOI for any
for an extended period of time. The plan covers 60% voluntary short term or voluntary long term election.
of your pre-disability earnings. There is a 90-day waiting Reliance Standard will then approve or deny the election
period for long term disability beneits, meaning you based on the EOI.
must remain disabled for 90 days before the plan will
begin to pay long term disability beneits. If you have Voluntary Disability Premiums
any questions regarding the maximum level of beneit Voluntary Disability Weekly Rates
you can receive, please refer to Human Resources for Voluntary STD—Standard Plan $0.0935 per $10 of
more details. weekly beneit
Voluntary STD—Buy-up Plan $0.1550 per $10 of
weekly beneit
Voluntary LTD $0.0992 per $100 of
monthly beneit
14 2021 Benefits Enrollment
Disability insurance is provided through Reliance your annual salary for the purposes of calculating disability
beneits.
Standard.
Voluntary Short Term Disability (STD) Pre-Existing Conditions
All beneit eligible associates have the opportunity to All of the disability plans have pre-existing condition
elect short term disability insurance to help provide limitations. If you receive treatment for a condition
inancial security until you get back on your feet and within the three months prior to your effective date,
return to work. You have the option of choosing you will need to wait 12 months before the plans will
between two different short term disability plans. pay beneits for the same condition. Please note that
The standard short term disability plan covers 60% of the pre-existing condition limitation will apply if you
choose to enroll in the buy-up short term disability
your pre-disability earnings for up to 11 weeks and has plan, even if you had previously satisied the pre-
a 14-day waiting period for illnesses and accidents. existing condition limitations under the standard short
The buy-up short term disability plan covers 70% of term disability plan.
your pre-disability earnings for up to 11 weeks and has
a seven-day waiting period for illnesses and accidents. Evidence of Insurability Requirements
Employees within their newly eligible period have the
Voluntary Long Term Disability (LTD) ability to elect voluntary short term and voluntary long
All beneit eligible associates have the opportunity to term coverage without having to complete evidence
elect long term disability insurance, which provides of insurability (EOI). Employees who are not in their
inancial assistance in the event you are unable to work newly eligible period will need to complete EOI for any
for an extended period of time. The plan covers 60% voluntary short term or voluntary long term election.
of your pre-disability earnings. There is a 90-day waiting Reliance Standard will then approve or deny the election
period for long term disability beneits, meaning you based on the EOI.
must remain disabled for 90 days before the plan will
begin to pay long term disability beneits. If you have Voluntary Disability Premiums
any questions regarding the maximum level of beneit Voluntary Disability Weekly Rates
you can receive, please refer to Human Resources for Voluntary STD—Standard Plan $0.0935 per $10 of
more details. weekly beneit
Voluntary STD—Buy-up Plan $0.1550 per $10 of
weekly beneit
Voluntary LTD $0.0992 per $100 of
monthly beneit
14 2021 Benefits Enrollment
