Page 13 - 2019 Heico Core Benefits Guide
P. 13
2019 | The Heico Companies Enrollment Guide
Disability
Lincoln Financial Group
Short-term Disability (STD)
STD Eligibility Waiting Period
You are eligible for short-term disability coverage provided by Heico on the first of the month following 60 days of continuous
employment� Lincoln Financial administers the STD plan, and the table below outlines the breakdown of benefits based on your
tenure with Heico� You must be at work on the day coverage is scheduled to begin; otherwise, your coverage will be delayed until
you return to active work � Please note your company may have a different policy � Please refer to your local HR representative for the
applicable policy�
STD Beneit
Length of Service Weeks of Short-term Disability
Full Salary Half Salary
Benefits effective date to 1 year 1 12
1 to 3 years 4 22
3 to 6 years 7 19
6 to 10 years 10 16
10 to 14 years 13 13
14 to 18 years 16 10
18 to 22 years 19 7
22 to 25 years 22 4
25 years & over 26
*You may qualify for STD benefits after you have been absent from work due to an illness or injury for one week�
Long-term Disability (LTD)
Lincoln Financial Group
Heico provides employer-paid long-term disability (LTD) to employees working 30 hours or more a week�
Long-term disability provides protection for you and your family against loss of income if you become disabled�
If you are unable to work due to a non-occupational illness or injury, and you are approved by Lincoln Financial, you will
be eligible to receive benefits of 60% of your regular monthly earnings up to $15,000 per month, after being disabled for
180 days�
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Disability
Lincoln Financial Group
Short-term Disability (STD)
STD Eligibility Waiting Period
You are eligible for short-term disability coverage provided by Heico on the first of the month following 60 days of continuous
employment� Lincoln Financial administers the STD plan, and the table below outlines the breakdown of benefits based on your
tenure with Heico� You must be at work on the day coverage is scheduled to begin; otherwise, your coverage will be delayed until
you return to active work � Please note your company may have a different policy � Please refer to your local HR representative for the
applicable policy�
STD Beneit
Length of Service Weeks of Short-term Disability
Full Salary Half Salary
Benefits effective date to 1 year 1 12
1 to 3 years 4 22
3 to 6 years 7 19
6 to 10 years 10 16
10 to 14 years 13 13
14 to 18 years 16 10
18 to 22 years 19 7
22 to 25 years 22 4
25 years & over 26
*You may qualify for STD benefits after you have been absent from work due to an illness or injury for one week�
Long-term Disability (LTD)
Lincoln Financial Group
Heico provides employer-paid long-term disability (LTD) to employees working 30 hours or more a week�
Long-term disability provides protection for you and your family against loss of income if you become disabled�
If you are unable to work due to a non-occupational illness or injury, and you are approved by Lincoln Financial, you will
be eligible to receive benefits of 60% of your regular monthly earnings up to $15,000 per month, after being disabled for
180 days�
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