Page 21 - 2018-19 MYNEXUS Benefits Guide
P. 21
myNEXUS
DISABILITY INSURANCE Long Term
Have you considered what would happen if you could not go to work as a Disability (100%
result of a disabling illness or accident? Disability insurance goes to work Company Paid)
when you can not. Sometimes your circumstances
are considered long term and
Short Term Disability (Voluntary) mean greater inancial stress
and hardship for your family.
If you are unable to work due to a sickness or injury, short term disability myNEXUS provides a company
(STD) insurance assists in maintaining your standard of living. It can help paid long term disability (LTD)
you pay bills like your mortgage, tuition, and car payments, and help cover policy to ensure your inancial
expenses for food, clothing, and utilities. By replacing a portion of your protection for a longer period
income, short term disability insurance can help provide financial security of time when necessary. In the
event of an illness or accident
until you get back on your feet and return to work. which lasts more than 90 days,
you are eligible for a beneit
You may enroll for STD coverage through Cigna. The plan covers 60% of your equal to 60% of your monthly
pre-disability earnings up to $2,000 per week. You must be disabled due to salary, up to a maximum of
sickness or injury for 14 days and benefits will be payable on the 15th day and $15,000 per month.
continue for as long as you are disabled up to 11 weeks. If you do not elect Disability beneits are subject
coverage when initially eligible and later decide to elect coverage, you must to applicable taxes and are
complete EOI and be approved by Cigna. The cost of the plan is determined ofset by any other income or
by your age and paid 100% by you with after tax dollars which means any disability beneits you receive
benefit you receive is paid to you tax-free. As you enroll online through ADP, (or are eligible to receive), such
the system will automatically calculate the cost of coverage based on your age. as Social Security and workers’
In order for coverage to be effective, you must be actively at work on the date compensation.
coverage begins.
Age Range Monthly Rate per $10 of Coverage
0–24 $0.59
25–29 $0.70
30–34 $0.45
35–39 $0.35
40–44 $0.18
45–49 $0.13
50–54 $0.18
55–59 $0.21
60–64 $0.25
65–69 $0.27
70+ $0.29
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DISABILITY INSURANCE Long Term
Have you considered what would happen if you could not go to work as a Disability (100%
result of a disabling illness or accident? Disability insurance goes to work Company Paid)
when you can not. Sometimes your circumstances
are considered long term and
Short Term Disability (Voluntary) mean greater inancial stress
and hardship for your family.
If you are unable to work due to a sickness or injury, short term disability myNEXUS provides a company
(STD) insurance assists in maintaining your standard of living. It can help paid long term disability (LTD)
you pay bills like your mortgage, tuition, and car payments, and help cover policy to ensure your inancial
expenses for food, clothing, and utilities. By replacing a portion of your protection for a longer period
income, short term disability insurance can help provide financial security of time when necessary. In the
event of an illness or accident
until you get back on your feet and return to work. which lasts more than 90 days,
you are eligible for a beneit
You may enroll for STD coverage through Cigna. The plan covers 60% of your equal to 60% of your monthly
pre-disability earnings up to $2,000 per week. You must be disabled due to salary, up to a maximum of
sickness or injury for 14 days and benefits will be payable on the 15th day and $15,000 per month.
continue for as long as you are disabled up to 11 weeks. If you do not elect Disability beneits are subject
coverage when initially eligible and later decide to elect coverage, you must to applicable taxes and are
complete EOI and be approved by Cigna. The cost of the plan is determined ofset by any other income or
by your age and paid 100% by you with after tax dollars which means any disability beneits you receive
benefit you receive is paid to you tax-free. As you enroll online through ADP, (or are eligible to receive), such
the system will automatically calculate the cost of coverage based on your age. as Social Security and workers’
In order for coverage to be effective, you must be actively at work on the date compensation.
coverage begins.
Age Range Monthly Rate per $10 of Coverage
0–24 $0.59
25–29 $0.70
30–34 $0.45
35–39 $0.35
40–44 $0.18
45–49 $0.13
50–54 $0.18
55–59 $0.21
60–64 $0.25
65–69 $0.27
70+ $0.29
21
