Page 16 - 2019 CareHere Enrollment Guide
P. 16
2019 BENEFITS ENROLLMENT
Voluntary Short Term Disability (STD)
You are eligible to purchase voluntary short term disability insurance to help
provide financial security until you get back on your feet and return to work
from an illness, accident, or injury. The plan covers 60% of your pre-disability
weekly earnings to a maximum of $1,400 per week for up to 13 weeks. There
is a seven day waiting period for illnesses, but coverage for an accident will
begin immediately. A pre-existing condition limitation applies for conditions
treated three months prior to your effective date if you become disabled by the
condition in your first 12 months of coverage.
Short Term Disability Insurance Post-Tax
Contributions (Full-Time Employees Only)
Voluntary Short Term Disability Rates
Multiply your hourly earnings by 2080, divide by 52 weeks, and then
multiply it by 60%. Round to the nearest dollar. Divide that amount by $10.
Multiply the result by the applicable rate below for your monthly rate. For
your bi-weekly rate, multiply that number by 12 and divde by 26.
Age Per $10
20-54 $0.715
55-59 $0.740
60-64 $0.860
65+ $0.944
ADP will calculate your bi-weekly post-tax pay
period deductions based on your election
16
Voluntary Short Term Disability (STD)
You are eligible to purchase voluntary short term disability insurance to help
provide financial security until you get back on your feet and return to work
from an illness, accident, or injury. The plan covers 60% of your pre-disability
weekly earnings to a maximum of $1,400 per week for up to 13 weeks. There
is a seven day waiting period for illnesses, but coverage for an accident will
begin immediately. A pre-existing condition limitation applies for conditions
treated three months prior to your effective date if you become disabled by the
condition in your first 12 months of coverage.
Short Term Disability Insurance Post-Tax
Contributions (Full-Time Employees Only)
Voluntary Short Term Disability Rates
Multiply your hourly earnings by 2080, divide by 52 weeks, and then
multiply it by 60%. Round to the nearest dollar. Divide that amount by $10.
Multiply the result by the applicable rate below for your monthly rate. For
your bi-weekly rate, multiply that number by 12 and divde by 26.
Age Per $10
20-54 $0.715
55-59 $0.740
60-64 $0.860
65+ $0.944
ADP will calculate your bi-weekly post-tax pay
period deductions based on your election
16
