Page 16 - NextCare Holdings 2022 Benefits Guide
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DISABILITY
Disability coverage is ofered through New York Life.
Long Term Disability Short Term Disability
(NextCare Paid Benefit) NextCare ofers voluntary short term disability
NextCare provides a long term disability beneit insurance, which can help you replace a portion of
in the amount of 60% of your gross monthly your income during the initial weeks of disability.
earnings (subject to age limitations), less income The beneit amount is 60% of your pre-disability
you may receive from other sources such as Social earnings. The maximum weekly beneit is $1,500.
Security, workers’ compensation, etc. Beneits The STD beneits begin after the end of the
begin after a 90-day elimination period and may elimination period, 14 days. The elimination period
continue up to the point speciically outlined in begins on the day you become disabled and is the
the disability booklet. This plan does have a pre- length of time you must wait, while disabled, before
existing conditions clause you should review in you are eligible to receive a beneit. The maximum
more detail. NextCare pays for the premium of this beneit duration is 11 weeks of disability. There
beneit, therefore you have no payroll deduction. is a pre-existing conditions clause, which you can
A full summary of this beneit can be found on the review in the Certiicate of Insurance/Summary Plan
NextCare Intranet. Description posted on the NextCare Intranet. If you
decline this beneit when newly eligible, you will be
required to complete a personal health application
to be considered for coverage if you wish to enroll
during an open enrollment period later.
Employee Monthly Rate per
$10 of Weekly Benefit
Employee Age
Age 44 and Under $0.54
45–49 $0.55
50–54 $0.58
55–59 $0.67
60–64 $0.74
65+ $0.78
Please use ADP self-service to help you calculate your bi-weekly payroll
deduction amount.
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Disability coverage is ofered through New York Life.
Long Term Disability Short Term Disability
(NextCare Paid Benefit) NextCare ofers voluntary short term disability
NextCare provides a long term disability beneit insurance, which can help you replace a portion of
in the amount of 60% of your gross monthly your income during the initial weeks of disability.
earnings (subject to age limitations), less income The beneit amount is 60% of your pre-disability
you may receive from other sources such as Social earnings. The maximum weekly beneit is $1,500.
Security, workers’ compensation, etc. Beneits The STD beneits begin after the end of the
begin after a 90-day elimination period and may elimination period, 14 days. The elimination period
continue up to the point speciically outlined in begins on the day you become disabled and is the
the disability booklet. This plan does have a pre- length of time you must wait, while disabled, before
existing conditions clause you should review in you are eligible to receive a beneit. The maximum
more detail. NextCare pays for the premium of this beneit duration is 11 weeks of disability. There
beneit, therefore you have no payroll deduction. is a pre-existing conditions clause, which you can
A full summary of this beneit can be found on the review in the Certiicate of Insurance/Summary Plan
NextCare Intranet. Description posted on the NextCare Intranet. If you
decline this beneit when newly eligible, you will be
required to complete a personal health application
to be considered for coverage if you wish to enroll
during an open enrollment period later.
Employee Monthly Rate per
$10 of Weekly Benefit
Employee Age
Age 44 and Under $0.54
45–49 $0.55
50–54 $0.58
55–59 $0.67
60–64 $0.74
65+ $0.78
Please use ADP self-service to help you calculate your bi-weekly payroll
deduction amount.
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