Page 16 - Tacony 2021 Annual Benefits

Estimating the Cost of Coverage

Estimating the Cost of Your Voluntary STD Coverage

Standard Plan

Step 1 Round your annual earnings to the next higher $1,000, e.g., $44,300 becomes $45,000

Step 2 _____________________ ÷ 52 = ________________
Rounded annual earnings Weekly earnings
Step 3 _________________ × 0 .60 = _______________
Weekly earnings Weekly beneit
Step 4 _________________ ÷ 10 x $0 .0935 = _______________
Weekly beneit Weekly cost

Buy-Up Plan

Step 1 Round your annual earnings to the next higher $1,000, e.g., $44,300 becomes $45,000

Step 2 _____________________ ÷ 52 = ________________
Rounded annual earnings Weekly earnings
Step 3 _________________ × 0 .70 = _______________
Weekly earnings Weekly beneit
Step 4 _________________ ÷ 10 x $0 .1550 = _______________
Weekly beneit Weekly cost

Estimating the Cost of Your Voluntary LTD Coverage

Step 1 Round your annual earnings to the next higher $1,000, e.g., $44,300 becomes $45,000

Step 2 _____________________ ÷ 12 = ________________
Rounded annual earnings Monthly earnings
Step 3 _________________ ÷ 100 x $0 .0992 = _______________
Monthly earnings Weekly cost

Estimating the Cost of Your Voluntary Life and AD&D Coverage

Step 1 ____________________÷ 1,000 × __________ = __________
Elected annual beneit Weekly rate Weekly cost

16 2021 Benefits Enrollment