Page 21 - 2020 DAN Benefits Enrollment
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Disability Benefits
Short Term Disability
Short-Term Disability (STD) replaces your weekly income while you are out of work
following a non-work related accident or illness. DAN offers a STD plan at no cost to you.
Those eligible will receive an STD beneit equal to 100% of their weekly earnings and are
eligible to receive this beneit for up to 26 weeks. If you work in a state that has a statutory
disability beneits (California, Hawaii, New Jersey, New York, Rhode Island or Washington),
your disability beneits may be reduced by any statutory beneits payable to you.
Long Term Disability
Long-Term Disability (LTD) protects your income by providing you with a percentage of
your income while you are disabled. DAN provides an LTD beneit at no cost to you. In
the event of an illness or accident that requires a lengthy recovery, you may be eligible
to receive 60% of your monthly salary up to a maximum of $20,000 per month. You are
eligible to receive this beneit until you reach Social Security Normal Retirement Age. You
have the option of paying 100% of the LTD premium. By paying the premiums yourself, any
beneit you receive while disabled will not be considered taxable income.
Long Term Disability Example
Option A— Option B—
Company Paid LTD Employee Paid LTD
Employee Salary $50,000; tax bracket: 25%
Annual Premium $60 $60
Employee $0 $60
Contribution
Employer Cost $60 $0
Employee Considerations:
Beneits taxable? Yes No
Annual Net Beneit $22,500 $30,000
Additional Annual Beneit Provid-
ed at Time of Disability $0 $7,500
Dentsu Aegis Network 21
Short Term Disability
Short-Term Disability (STD) replaces your weekly income while you are out of work
following a non-work related accident or illness. DAN offers a STD plan at no cost to you.
Those eligible will receive an STD beneit equal to 100% of their weekly earnings and are
eligible to receive this beneit for up to 26 weeks. If you work in a state that has a statutory
disability beneits (California, Hawaii, New Jersey, New York, Rhode Island or Washington),
your disability beneits may be reduced by any statutory beneits payable to you.
Long Term Disability
Long-Term Disability (LTD) protects your income by providing you with a percentage of
your income while you are disabled. DAN provides an LTD beneit at no cost to you. In
the event of an illness or accident that requires a lengthy recovery, you may be eligible
to receive 60% of your monthly salary up to a maximum of $20,000 per month. You are
eligible to receive this beneit until you reach Social Security Normal Retirement Age. You
have the option of paying 100% of the LTD premium. By paying the premiums yourself, any
beneit you receive while disabled will not be considered taxable income.
Long Term Disability Example
Option A— Option B—
Company Paid LTD Employee Paid LTD
Employee Salary $50,000; tax bracket: 25%
Annual Premium $60 $60
Employee $0 $60
Contribution
Employer Cost $60 $0
Employee Considerations:
Beneits taxable? Yes No
Annual Net Beneit $22,500 $30,000
Additional Annual Beneit Provid-
ed at Time of Disability $0 $7,500
Dentsu Aegis Network 21
